Homes for Sale near Rosenwald High School

• 

  

  

  /51

  $369,000

  • 3 Beds
  • 2 Baths
  • 1,692 Sq Ft

  7120 Singleton Cir Unit A, Panama City, FL 32404

  These pictures are a worth 1000 words! One of a Kind - Deep Bayou Waterfront with fantastic GULF ACCESS. Boaters Dream Townhome - Here is your chance to purchase an approx. 1700 sq ft 3 bedroom/ 2.5 bath townhome with a spectacular waterfront view with deep water boat dock for a bargain price. You must see the pictures to appreciate. Located in Callaway in a separate community of 5 buildings

  Stoney Thompson Thompson Trust Realty Inc

  7120 Singleton Cir Unit A, Panama City, FL 32404
• 

  

  

  /16

  $234,900

  • 3 Beds
  • 1 Bath
  • 1,337 Sq Ft

  1501 Kentucky Ave, Lynn Haven, FL 32444

  This is a cute older Lynn Haven home that has been upgraded and remodeled over the years. This is an all electric home with utility bills around $130/month. Very energy efficient. The ac ducts and system was cleaned about a year ago and a new thermostat installed. There is crown molding in the living room and several other areas. It has a nice large covered front porch and a smaller covered

  Gary Witham Hope Realty of Bay County LLC

  1501 Kentucky Ave, Lynn Haven, FL 32444
• 

  

  

  /41

  $799,000

  • 6 Beds
  • 4 Baths
  • 3,172 Sq Ft

  31 W Baldwin Rd, Panama City, FL 32405

  Make your offer! 6-bedroom 4 full bathrooms, 2 master bedrooms on first floor, 4 large bedrooms and 2 full bathrooms upstairs. Home on 2.3 acres of prime land. If you're looking for a very large home with lots of storage space this home has it all. Large kitchen, living room, dining and great room, sunroom and oversize garage. Lots of room to do what you want with the property so bring all your

  Roy Furst Central Bay Realty and Property Management LLC

  31 W Baldwin Rd, Panama City, FL 32405
• 

  

  

  /46

  $239,000

  • 3 Beds
  • 2 Baths
  • 1,318 Sq Ft

  1812 Foster Ave, Panama City, FL 32405

  Discover Your Charming Florida Retreat at 1812 Foster Ave!Nestled in an established, centrally located neighborhood, this delightful bungalow offers comfort, style, and ample space for relaxed Florida living. The heart of the home features an updated galley kitchen, complete with crisp white cabinetry and generous counter space. Adjacent to the kitchen, you'll find a versatile paneled

  Catherine Anderson Counts Real Estate Group Inc

  1812 Foster Ave, Panama City, FL 32405
• 

  

  

  /10

  $1,750,000

  • Land
  • 7.14 Acres
  • $245,098 per Acre

  7222 Boat Race Rd, Panama City, FL 32404

  Discover this rare investment opportunity! 7.137 acres of prime waterfront property in Panama City, Florida. Located on beautiful East Bay, directly across from Tyndall Air Force Base. This parcel is on the last deep water access east of Panama City with plans already in place for a state-of-the-art marina.Fully entitled development opportunity with permitted commercial space totaling

  Abbott Martin Group EXP Realty LLC

  7222 Boat Race Rd, Panama City, FL 32404
• 

  

  /6

  $40,000

  Unlisted Address

  Picture Your Future Here at 1917 Lombardy Ave!Imagine building your dream home—or your next smart investment—on this 6,011 sqft cleared lot (approx. 55x110 ft) right in the heart of Panama City. Tucked in a peaceful neighborhood, you're just minutes from Gulf Coast State College, FSU Panama City, St. Andrews Bay, local shops, hospitals, and the beach. Whether you're planning your forever home

  Ramone Silvera Salty Marlin Realty LLC

  Unlisted Address
• 

  

  /32

  $369,500

  • 3 Beds
  • 2.5 Baths
  • 1,845 Sq Ft

  2509 W 11th St, Panama City, FL 32401

  Discover the essence of modern luxury living in this FULLY FURNISHED, newly-constructed, 2023-built townhome that is currently a short term rental!Ideally situated in the heart of the vibrant streets of Historic St. Andrews in Panama City, Florida, this townhome is ideal for short term, mid-term or long term rentals! This prime location has NO HOA and offers easy access to exquisite

  Carly Sostheim Corcoran Reverie

  2509 W 11th St, Panama City, FL 32401
• 

  

  /26

  $230,000

  • Land
  • 0.35 Acre
  • $657,143 per Acre

  325 S Tyndall Pkwy, Panama City, FL 32404

  Previous use was a restaurant location for over 40 years. Location between an apartment and motel. On the main highway, US-98 also known as Tyndall Parkway and a short drive to TAFB, there is great visibility for any business being placed in the area. Utilities are still in place from previous business. 45,000 a day traffic count.All information to be verified by buyer.

  Coralee King Beachy Beach Real Estate

  325 S Tyndall Pkwy, Panama City, FL 32404
• 

  

  /34

  $99,999

  • 2 Beds
  • 1.5 Baths
  • 750 Sq Ft

  1013 Georgia Ave Unit A, Panama City, FL 32404

  Investor Special! This partially renovated gem in Panama City is ready for your final touches and vision. Located just minutes from Tyndall Parkway and a short drive to Tyndall Air Force Base, this property sits in a convenient and growing area with strong rental demand. The exterior has already been updated with a clean, fresh look, and much of the interior groundwork has been started offering

  Jessica Mackrael Coldwell Banker Realty

  1013 Georgia Ave Unit A, Panama City, FL 32404
• 

  

  /17

  $300,000

  • 2 Beds
  • 2.5 Baths
  • 1,163 Sq Ft

  6459 Oakshore Dr, Panama City, FL 32404

  Newly updated and beautifully renovated, this 2-bedroom, 2.5-bath townhouse also features a versatile office space that could easily be converted into a third bedroom! With a bright, open floor plan, modern finishes, and a spacious back deck overlooking stunning waterfront views, this home offers comfort and style in every corner. Located just minutes from Tyndall Air Force Base, it's perfect for

  Daniel Donaldson Seymour Realty Solutions

  6459 Oakshore Dr, Panama City, FL 32404
• 

  

  /29

  $330,000

  • 4 Beds
  • 2 Baths
  • 1,552 Sq Ft

  812 E Pine Forest Dr, Lynn Haven, FL 32444

  This 4-bedroom, 2-bathroom home, which is appraised at $345,000, offers 1,552 square feet of comfortable living space, a 2-car garage with a coated floor, and a backyard built for Florida living.Outside, enjoy a large in-ground pool, hot tub, screened-in patio, gazebo, and a spacious fenced backyard with full privacy fencing plenty of room to relax, entertain, or simply enjoy some quiet

  Jim McKeon CENTURY 21 Commander Realty

  812 E Pine Forest Dr, Lynn Haven, FL 32444
• 

  

  /29

  $279,500

  • 3 Beds
  • 2 Baths
  • 1,549 Sq Ft

  606 Krystal Ln, Lynn Haven, FL 32444

  Nice well cared for home located in popular Belaire Estates in Lynn Haven. Belaire Estates is conveniently located very close to shopping, restaurants, post office, banking and community parks. Home features vaulted ceiling, open kitchen, formal dining room, brick wood burning fireplace and two car garage. First floor features two bedrooms and guest bath with Master Bedroom located on second

  Daryle Burkey Coldwell Banker Realty

  606 Krystal Ln, Lynn Haven, FL 32444
• 

  

  /24

  $189,990

  • Land
  • 0.42 Acre
  • $452,357 per Acre

  1611 Transmitter Rd, Panama City, FL 32404

  Price Improvement, bring your offers!!!This approximately 0.42-acre lot presents a unique development opportunity near the highly traveled intersection of Transmitter Road and Highway 98. Zoned light industrial, surrounded by established commercial businesses and a brand-new townhome community. A high-traffic service station nearby adds to the area's consistent flow of local and commuter

  Leigh Hawkins Prothro Real Estate & Associates

  1611 Transmitter Rd, Panama City, FL 32404
• 

  

  /49

  $579,000

  • 4 Beds
  • 3 Baths
  • 2,246 Sq Ft

  501 Wood Trail, Panama City, FL 32405

  *Sellers offering an allowance for replacement of carpet.**** Crafted by the renowned Koehnemann Construction, this beautiful home in the coveted ''The Woods Phase 3'' community offers a true suburban retreat on a generous half acre lot. The professionally landscaped grounds create a serene backdrop for relaxing and entertaining, while the fenced backyard complete with patio and screened

  Catriese Johnson Coldwell Banker Realty

  501 Wood Trail, Panama City, FL 32405
• 

  

  /37

  $280,500

  • 3 Beds
  • 2.5 Baths
  • 1,535 Sq Ft

  5820 Jasmine Ct, Panama City, FL 32404

  Welcome to Callaway Corners! You're going to love living so close to Tyndall AFB. Whether it's because you're PCSing in, taking a job on base or you just want a front row seat to witness the continuous growth and rebuild of Tyndall AFB and the beautiful City of Callaway. Inside, you'll find those upscale touches you crave: custom cabinets, a large island, gorgeous quartz countertops, a mix of

  Javarick King Beachy Beach Real Estate

  5820 Jasmine Ct, Panama City, FL 32404
• 

  

  /48

  $209,900

  • 3 Beds
  • 2 Baths
  • 1,248 Sq Ft

  230 Viola Ave, Panama City, FL 32404

  Wow! Take a look at this fabulous manufactured mobile home which has many upgrades. New metal roof installed around 2019, new flooring recently installed, new interior painting. Brand new $8000 air conditioner installed in 2024. Entering the open floor plan, you are greeted by a large living room and sitting in that room, you feel a warmth and tranquility as this does not feel like your

  Marco Cooper Coastal Sun Realty LLC

  230 Viola Ave, Panama City, FL 32404
• 

  

  /4

  $375,000

  • Land
  • 6.28 Acres
  • $59,713 per Acre

  2328 Transmitter Rd, Panama City, FL 32404

  Prime Development Opportunity - Bay County, FloridaThis exceptional 6.281-acre corner parcel offers a prime opportunity for commercial or mixed-use development. Ideally located just 1.5 miles from both Highway 231 and U.S. Highway 98, the property sits at the intersection of Transmitter Road and Brentwood Place, featuring approximately 400 feet of frontage along Transmitter Road.All

  Raul Hernandez Legacy Premier Agency

  2328 Transmitter Rd, Panama City, FL 32404
• 

  

  /37

  $495,000 Open Sat 10AM - 12PM

  • 3 Beds
  • 2 Baths
  • 2,000 Sq Ft

  3826 Heartwood St, Panama City, FL 32404

  Only Home in College Station with a Pool and Screened Enclosure - Corner Lot Privacy & Ultimate Outdoor Living!Welcome to College Station, where luxury and comfort come together in one of Bay County's most sought-after neighborhoods. This stunning all-brick Princeton floor plan sits on a premium corner lot, offering maximum privacy with no neighbors on one side and green space

  Chris Shelton Beachy Beach Real Estate

  3826 Heartwood St, Panama City, FL 32404
• 

  

  /29

  $315,000

  • 4 Beds
  • 2 Baths
  • 1,768 Sq Ft

  3903 Ereno Ct, Panama City, FL 32405

  Welcome to 3903 Ereno Court, a stunning 4-bedroom, 2-bathroom home located in the heart of Panama City, FL. This 1,768 square foot residence has an effective build date of 2021, and it offers a seamless blend of modern amenities and thoughtful design, making it move-in ready for its next owner. Situated in a quiet cul-de-sac, this property boasts no HOA fees, ensuring peace and privacy. The open

  Ethan Davis Corcoran Reverie

  3903 Ereno Ct, Panama City, FL 32405
• 

  

  /39

  $269,900

  • 2 Beds
  • 2 Baths
  • 1,250 Sq Ft

  100 Cherry St Unit 202, Panama City, FL 32401

  Come view this 2 bed 2 bath 1,250 sf 2nd floor waterfront condo today! Cove Condominium is a wonderful residential community right near downtown Panama City. You will enjoy the beautiful views from your 28' balcony. Inside there is a spacious living/dining area, kitchen with newer appliances (oven needs to be replaced), the front bedroom has it's own ensuite bathroom with walk in shower and

  Christine Lance Keller Williams Success Realty

  100 Cherry St Unit 202, Panama City, FL 32401
• 

  

  /35

  $309,900

  • 4 Beds
  • 2 Baths
  • 1,550 Sq Ft

  105 Aleczander Preserve Ct, Panama City, FL 32404

  How does a 2.35% assumable loan sound?! *Accepting offers through the weekend at this discounted price*Move-in ready 4-bedroom, 2-bathroom home in a convenient Panama City location! This well-maintained property offers 1,550 sq ft of living space with an open and split floor plan and fresh interior paint.The spacious primary suite features a walk-in closet and private bath. The

  Michele Monastra Epique Realty Inc

  105 Aleczander Preserve Ct, Panama City, FL 32404
• 

  

  /25

  $225,000

  • 3 Beds
  • 2 Baths
  • 1,372 Sq Ft

  6307 Tammy Ln, Panama City, FL 32404

  Located in the desirable Forest Shores community, this 3-bedroom, 2-bath home offers comfort, convenience, and a great location just 10 minutes from Tyndall Air Force Base and the Bay.Step inside to discover a functional floor plan with a spacious living room that flows seamlessly to a screened porch and outdoor patio—ideal for relaxing or entertaining. The primary suite includes a large

  Lauren Orme Empire Real Estate of Florida LLC

  6307 Tammy Ln, Panama City, FL 32404
• 

  

  /11

  $3,200,000

  • Land
  • 1.89 Acres
  • $1,693,122 per Acre

  3333 W 14th St, Panama City, FL 32401

  Discover a truly RARE and remarkable opportunity to own just under 2 ACRES of pristine WATERFRONT property in the heart of Historic St. Andrews—one of Panama City, Florida's most coveted and charming neighborhoods. This 1.9-ACRE BAYFRONT ESTATE HOMESITE offers an extraordinary canvas for your dream home or private retreat, with sweeping views of St. Andrews Bay, mature oaks, and unmatched privacy

  Carly Sostheim Corcoran Reverie

  3333 W 14th St, Panama City, FL 32401
• 

  

  /36

  $649,000

  • 7 Beds
  • 5.5 Baths
  • 4,810 Sq Ft

  1823 W 27th St, Panama City, FL 32405

  TRIPLEX centrally located near Kings Point, Sweetbay and right off Highway 390 for easy access to Panama City Beach. Unit A is a 2 bedroom 1 bath, unit B is 4 bedrooms 3.5 bathroom featuring over 3,000sqft, unit C is a 1 bedroom 1 bathroom unit. All units have separate electric meters. The property is serviced by one water meter and a septic tank. Home features a large 3 car garage that is

  Cain Mcneil CENTURY 21 Commander Realty

  1823 W 27th St, Panama City, FL 32405
• 

  

  /24

  $316,900

  • 3 Beds
  • 3 Baths
  • 1,939 Sq Ft

  210 N Cove Blvd, Panama City, FL 32401

  Opportunity knocks in one of Panama City's most desirable neighborhoods — the Cove! This unique property offers a 2-bedroom, 2-bath main home plus an attached 1-bedroom, 1-bath guest suite, perfect for extended family, guests, or potential rental income.The home offers great bones, a flexible layout, and endless potential — bring your vision and make this property shine! Whether you're

  Benjamin Brady CENTURY 21 Commander Realty

  210 N Cove Blvd, Panama City, FL 32401
• 

  

  /109

  $694,999

  • 3 Beds
  • 2 Baths
  • 2,018 Sq Ft

  6905 Hugh Dr, Panama City, FL 32404

  Welcome to 6905 Hugh Drive, where modern luxury meets coastal living! Completely remodeled from the studs up in 2023, this stunning 3-bedroom, 2-bathroom waterfront home sits on nearly 0.6 acres with 100 feet of deep, saltwater frontage on Callaway Bayou--your direct gateway to East Bay, Shell Island, and the Gulf beyond. Whether you're a boating enthusiast or simply seeking serenity by the

  Jarah Chesnut Chesnut Realty, Inc

  6905 Hugh Dr, Panama City, FL 32404
• 

  

  /62

  $1,045,000

  • 3 Beds
  • 3 Baths
  • 2,840 Sq Ft

  2446 Pretty Bayou Blvd, Panama City, FL 32405

  DEEP WATER ACCESS • BOAT DOCK WITH 10,000-LB LIFT CAPACITY • 175 LINEAR FEET OF WATERFRONT • SINGLE-STORY HOMEWith three bedrooms (two with en suite baths), multiple living areas, two covered porches, and those GORGEOUS VIEWS, what's not to love about 2446 Pretty Bayou Blvd?This spacious home in a well-loved and established neighborhood is situated on the water near the end of a

  January Johnson EXP Realty LLC

  2446 Pretty Bayou Blvd, Panama City, FL 32405
• 

  

  /24

  $1,850,000

  • Land
  • 1.36 Acres
  • $1,360,294 per Acre

  1524 E 5th Business 98 St, Panama City, FL 32401

  Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can

  Marco Cooper Coastal Sun Realty LLC

  1524 E 5th Business 98 St, Panama City, FL 32401
• 

  

  /10

  $175,000

  • 2 Beds
  • 1 Bath
  • 803 Sq Ft

  1301 Beck Ave Unit 18, Panama City, FL 32401

  Welcome to 1301 Beck Avenue, this great updated unit offers the ideal blend of comfort, convenience and location in the quaint area of Saint Andrews, residents can enjoy walkable access to dining and entertainment options, also a short drive to a nearby boat docks and marina. This second floor unit tile flooring in all the unit,is a 2 bedroom, 1 bath , freshly painted, new roof, hurricane

  Stephen Hachey Lowest Fee Realty LLC

  1301 Beck Ave Unit 18, Panama City, FL 32401
• 

  

  /3

  $33,000

  Lot 11 Everitt Ave, P C Beach, FL 32401

  Centrally located lot in Panama City providing quick travel to all areas. Very close to Public Boat Ramps & Marinas, Historic Downtown PC, Hospitals, Doctors, Shopping, Tyndall AFB, Navy Base, Schools, Parks, Entertainment and Restaurants as well as the Beautiful Beaches of Panama City Beach or Mexico Beach! This lot is perfect for building your home, investment property, or install a mobile

  Deborah Class ERA Neubauer Real Estate, Inc

  Lot 11 Everitt Ave, P C Beach, FL 32401
• 

  

  /25

  $325,000

  • 3 Beds
  • 2 Baths
  • 1,660 Sq Ft

  320 Alexander Dr, Lynn Haven, FL 32444

  Welcome to this beautiful and spacious 3 bedroom, 2 bath family home nestled in the picturesque Belaire Estates subdivision, centrally located in Lynn Haven. Enjoy the expansive family room featuring a cozy wood-burning fireplace and skylights that fill the space with natural light. The galley kitchen offers ample cabinets and counter space, perfect for culinary enthusiasts.A generously

  Robbie Hughes Counts Real Estate Group

  320 Alexander Dr, Lynn Haven, FL 32444
• 

  

  /26

  $499,999

  • 3 Beds
  • 2 Baths
  • 1,864 Sq Ft

  2117 Sedges Ave, Panama City, FL 32405

  MAJOR PRICE DROP! PRICED TO SELL!!Your dream home just got way more affordable—and yes, we're basically bribing you to move in (Seller is wanting to downsize). Step into this stunning Islamorada floor plan, where the covered front porch is perfect for your morning coffee (or evening wine, no judgment). Inside, soaring cathedral ceilings make the space feel bright, airy, and

  Sydney Felix Full Sail Realty of NWFL

  2117 Sedges Ave, Panama City, FL 32405
• 

  

  /41

  $500,000

  • 3 Beds
  • 3 Baths
  • 2,701 Sq Ft

  100 Cherry St Unit 604, Panama City, FL 32401

  Welcome to a rare and architecturally intriguing residence perched on the edge of St. Andrews Bay—a double-unit offering the kind of space, light, and views you simply don't find in condominium living. Positioned high above the water in the coveted Cove Condominiums, Units 604 and 605 have been seamlessly combined to create a 2,701-square-foot midcentury-inspired haven—graced with sweeping vistas

  Josh Gettings Corcoran Reverie

  100 Cherry St Unit 604, Panama City, FL 32401
• 

  

  /44

  $399,999

  • 5 Beds
  • 3 Baths
  • 2,552 Sq Ft

  188 Allie Way, Panama City, FL 32404

  This beautifully designed home features 5 spacious bedrooms, 3 full bathrooms, and a 2-car garage, offering comfort and functionality for modern living. Ideally located just minutes from shopping, dining, and Tyndall Air Force Base, it combines a prime location with exceptional features.Step inside to discover a bright, open interior with granite countertops in both the kitchen and

  Olena Nikitska Keller Williams Realty Emerald Coast

  188 Allie Way, Panama City, FL 32404
• 

  /2

  $174,000

  • 2 Beds
  • 1 Bath
  • 1,211 Sq Ft

  Unlisted Address

  Investment Opportunity or Fixer UpperOver 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes.(Verify this information with the County)The existing home has 2 bedrooms 1 bath, screened porch but is in need of repairs.Endless possibilities with a great location in Highland Park close to 231, Lynn Haven,

  Susan Tucker Hitchcock Real Estate LLC

  Unlisted Address
• 

  

  /24

  $305,000

  • 2 Beds
  • 2 Baths
  • 1,380 Sq Ft

  125 Marin Dr, Panama City, FL 32405

  Welcome to waterfront Lake Marin Community! 125 Marin Drive is centrally located between state road 77 and 23rd Street. This home is close to restaurants, shopping, medical and more. A friendly and safe neighborhood. This all brick townhome boasts 2 bedrooms 2 baths on beautiful spring fed lake. Recently remodeled with new windows, doors, floor, and kitchen cabinets. Total heated area is 1,380

  Cliff Glansen FLATFEE.COM

  125 Marin Dr, Panama City, FL 32405
• 

  

  /9

  $447,500

  • Land
  • 4.25 Acres
  • $105,294 per Acre

  5124 E 13th St, Callaway, FL 32404

  THE OWNER SAID LET'S GET IT SOLD. SO, WE SERIOUSLY DROPPED THE PRICE.Investor Opportunity - Prime Residential Lot Near Downtown & Tyndall AFB.Strategically located just 5 miles from both Tyndall Air Force Base and Downtown Panama City, this level, well-maintained parcel sits in Flood Zone X and is zoned R-1 within unincorporated Bay County. With ongoing infrastructure improvements and

  Richard Anderson Premier Properties of Bay Co

  5124 E 13th St, Callaway, FL 32404
• 

  

  /61

  $949,000

  • 6 Beds
  • 4 Baths
  • 4,230 Sq Ft

  3610 Florida Ave, Panama City, FL 32405

  Welcome to 3610 Florida Ave, where peaceful privacy meets everyday convenience in the heart of the Florida Panhandle. Located just off the 390 corridor and Baldwin Road, this gated estate offers the space, features, and flexibility to live, entertain, and unwind, all just minutes from Tyndall Air Force Base, NSA Panama City, shopping, dining, and some of the most beautiful beaches in the

  Timothy Shand Empire Real Estate of Florida LLC

  3610 Florida Ave, Panama City, FL 32405
• 

  

  /40

  $290,000

  • 3 Beds
  • 2 Baths
  • 1,319 Sq Ft

  4127 Leslie Ln, Panama City, FL 32404

  Welcome to 4127 Leslie Lane - Where Comfort Meets Convenience!This beautiful 3-bedroom, 2-bathroom home with a flexible bonus space (currently used as a 4th bedroom) offers both functionality and style in the heart of Panama City. Centrally located just minutes from Tyndall Air Force Base and close to shopping, dining, and everyday conveniences, this home puts you right where you want to

  Jamie Sheehan Own It Real Estate LLC

  4127 Leslie Ln, Panama City, FL 32404
• 

  

  /19

  $999,000

  • Land
  • 4.62 Acres
  • $216,234 per Acre

  2610 E 37th St, Panama City, FL 32405

  Fantastic development potential right across from Bay Haven School and just a block from Mosley High School. 4.621 Acres zoned Single Family Residential- Urban which allows 8 units per acre or 36 total units. Hawks Landing is next door and the Hawks Landing HOA is open to dialog about a possible phase II or other similar development that will complement Hawks Landing. There is currently an

  Stoney Thompson Thompson Trust Realty Inc

  2610 E 37th St, Panama City, FL 32405

Showing Results 401 - 440, Page 11 of 18