Homes for Sale near Valley Christian

• 

  

  

  /39

  $165,000

  • Land
  • 0.09 Acre
  • $1,833,333 per Acre

  400 BLK W Intendencia St, Pensacola, FL 32502

  LOCATION, LOCATION, LOCATION!! THIS RESIDENTIAL LOT IS SITUATED IN DOWNTOWN PENSACOLA**WALK TO THE CORRINE JONES WATERPARK, WAHOO STADIUM, RESTAURANTS, PARKS AND ALL THAT DOWNTOWN PENSACOLA OFFERS!! This amazing homesite offers the best in access to all of downtown Pensacola and is a level building site and majority of this residential lot is cleared! Other new-build homes are situated around

  NEWELL HUTCHINSON Coldwell Banker Realty

  400 BLK W Intendencia St, Pensacola, FL 32502
• 

  

  

  /30

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,025 Sq Ft

  903 N 46th Ave, Pensacola, FL 32506

  CASH BUYERS ONLY. SELLING AS IS. Come see this three bedroom, two full bathroom home in a fantastic location just off of Lillian Highway. While this home needs some renovations, the layout and design are quite functional. Outside is a nice covered front porch, large backyard that is mostly fenced with room for a swimming pool, covered carport and a backyard patio perfect for grilling or

  Mary Skinner 1 Percent Lists Florida Coast

  903 N 46th Ave, Pensacola, FL 32506
• 

  

  

  /30

  $274,900

  • 3 Beds
  • 2 Baths
  • 1,848 Sq Ft

  7416 Saint James Place, Pensacola, FL 32506

  PRICE ADJUSTMENT! Welcome home to this spacious 1,848 sq. ft. one owner beauty with 3 bedrooms, 2 full bathrooms and formal dining/office. Located in a prime Pensacola spot, you’ll be just minutes from NAS Pensacola, Corry Field, and the VA hospital along with an array of restaurants, shopping centers, fitness centers, walking trails, etc. The home offers a double car garage, irrigation well in

  AUDREY MCCRORY Scenic Realty Group, LLC

  7416 Saint James Place, Pensacola, FL 32506
• 

  

  

  /28

  $194,900

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  5496 Wales Ave, Pensacola, FL 32526

  I am excited to share an incredible opportunity to own a completely renovated and updated mobile home, ideally situated on a desirable corner lot. This spacious property features four bedrooms and two bathrooms, offering ample living space. This home has undergone extensive renovations, ensuring a modern and comfortable living experience. Key updates include a new subfloor, a new metal roof, and

  Quarte Watts Levin Rinke Realty

  5496 Wales Ave, Pensacola, FL 32526
• 

  

  

  /49

  $399,000

  • 4 Beds
  • 2.5 Baths
  • 2,764 Sq Ft

  7310 W Jackson St, Pensacola, FL 32506

  MOTIVATED SELLER. Located at the corner of 74th Ave and W Jackson St., this well maintained and beautifully updated 4 bedroom, 2.5 bathroom ranch style home- sitting on a generous 0.78-acre corner lot- rests in a friendly neighborhood. With timeless curb appeal featuring cedar accent columns, shutters, a two-car garage, and two parking pads- plenty of parking or even an RV/camper- this home

  Cameron Weaver Levin Rinke Realty

  7310 W Jackson St, Pensacola, FL 32506
• 

  

  /15

  $339,000

  • 4 Beds
  • 3 Baths
  • 1,559 Sq Ft

  4479 N 9th Ave, Pensacola, FL 32503

  Experience modern comfort in this beautifully transformed 4-bedroom, 3-bathroom home that proves good things really do come to those who renovate. Spanning 1,559 square feet, this gem showcases an impressive open floor plan that welcomes you with style and sophistication. The heart of the home features a stunning L-shaped custom quartz countertop that curves gracefully along the perimeter,

  Daniel Hua Alliance Real Estate

  4479 N 9th Ave, Pensacola, FL 32503
• 

  

  /23

  $199,000

  • 2 Beds
  • 1.5 Baths
  • 770 Sq Ft

  636 Elite Rd, Pensacola, FL 32507

  Welcome to this updated 2 bedroom, 1.5 bath home in the desirable Navy Point area of Pensacola. This property has been thoughtfully renovated with major improvements including a brand-new HVAC system, total electrical rewire, new plumbing, and a new hot water heater. The kitchen features new stainless steel appliances, easy-close cabinets, butcher block countertops, and a garbage disposal.

  LASHON SPICER Epique Realty, Inc.

  636 Elite Rd, Pensacola, FL 32507
• 

  

  /33

  $234,990

  • 3 Beds
  • 2 Baths
  • 1,619 Sq Ft

  40 Arthur Ln, Pensacola, FL 32503

  Stunning Remodeled Mobile Home.Discover this fully remodeled mobile home, perfectly situated just a short distance from shopping, recreation, and the breathtaking Pensacola Beach! 🏖️ With a spacious driveway that can accommodate multiple vehicles, this property is ideal for families.*Modern Amenities and Luxurious Features:*- *3 Bedrooms and 2 Modern Bathrooms*: Luxurious LVP

  Rhonda Musch Equity & Trust Realty Inc

  40 Arthur Ln, Pensacola, FL 32503
• 

  

  /5

  $249,900

  • 3 Beds
  • 2 Baths
  • 1,693 Sq Ft

  4357 Acacia Dr, Pensacola, FL 32503

  Great opportunity to own a beautifully renovated home in the heart of Pensacola. Located literally minutes from shopping, movie theaters, coffee shops, restaurants, hospitals and universities. Experience the solid quality of construction of this all brick home, while enjoying the prestige of the many brand new amenities this home has to offer. As you enter you will notice the foyer adorned with a

  Irene Antonious SUNSHINE REALTY OF THE PANHANDLE, LLC

  4357 Acacia Dr, Pensacola, FL 32503
• 

  

  /27

  $189,000

  • 2 Beds
  • 2 Baths
  • 1,220 Sq Ft

  5001 Grande Dr Unit 1621, Pensacola, FL 32504

  *First floor bedroom is considered primary, second floor is considered a loft bedroom*. Beautifully updated 2-bedroom, 2-bathroom condo in the highly desirable Villas on the Square community. This home blends comfort and style with a dramatic wrap-around quartzite fireplace that anchors the open living area, creating the perfect spot for relaxing evenings or entertaining. Just off the living

  Wayne Peacock Levin Rinke Realty

  5001 Grande Dr Unit 1621, Pensacola, FL 32504
• 

  

  /30

  $250,000

  • 4 Beds
  • 2 Baths
  • 1,192 Sq Ft

  105 Rue Max St, Pensacola, FL 32507

  POOL HOUSE! This renovated 4-bed home offers the perfect blend of southern charm with an array of modern updates! Major highlights include a POOL, a WORKSHOP WITH POWER, a HUGE COVERED DECK, and UPDATES THROUGHOUT! Step into the open concept central living area seamlessly connected to the dining area and updated kitchen! The master bedroom is massive with a vaulted ceiling and an en-suite, while

  Eli Petrovich EXP Realty, LLC

  105 Rue Max St, Pensacola, FL 32507
• 

  

  /11

  $499,000

  • 4,565 Sq Ft

  2901 N Hayne St, Pensacola, FL 32503

  Rare Investment Opportunity! Discover this 4,000 sq. ft. quadplex offering both immediate rental income and outstanding future potential. Each of the four units features updated kitchens, with a mix of tile and vinyl flooring, and each unit is individually metered for electricity. The property includes a 2,000 sq. ft. unfinished downstairs area, providing the opportunity to add two to three

  Miriam Breeden HomeSmart Sunshine Realty

  2901 N Hayne St, Pensacola, FL 32503
• 

  

  /13

  $115,000

  • 3 Beds
  • 1 Bath
  • 1,056 Sq Ft

  3120 W Lee St, Pensacola, FL 32505

  Incredible Value This 3-bedroom, 1-bath home features beautiful mahogany hardwood flooring property sits on nearly a quarter-acre lot. The property has been a reliable rental, offering consistent income. Whether you’re looking to expand your investment portfolio or purchase as a first-time homebuyer, this is a fantastic opportunity you don’t want to miss. Cash or conventional only. check listing

  Miriam Breeden HomeSmart Sunshine Realty

  3120 W Lee St, Pensacola, FL 32505
• 

  

  /16

  $139,000

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft

  4957 Elsa Ave, Pensacola, FL 32506

  Solid block forever home, three bedrooms one bath, title flooring throughout. New Hvac 2025 - New water heater 2025 - New roof 2025 - Nice size backyard and chain-link fenced all the way around. This is a great opportunity for first time home buyers or investors.

  Miriam Breeden HomeSmart Sunshine Realty

  4957 Elsa Ave, Pensacola, FL 32506
• 

  

  /36

  $659,000

  • 1 Bed
  • 1 Bath
  • 679 Sq Ft

  17 Palafox Place Unit 209, Pensacola, FL 32502

  Experience upscale living in the heart of Pensacola’s vibrant historic downtown. This 1-bedroom, 1-bath luxury residence in the beautifully restored Brent Building blends timeless charm with modern sophistication. Ideal not just for full-time living, but also for investors, pied-a-terre seekers, or anyone wanting a home and a downtown base. Inside, modern updates meet timeless design. This

  Donna Dickey Conna O'Donovan Real Estate LLC

  17 Palafox Place Unit 209, Pensacola, FL 32502
• 

  

  /37

  $230,000

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

  5508 Glass Dr, Pensacola, FL 32505

  Welcome to this brick ranch-style home offering 3 bedrooms, 2 bathrooms and over a half acre of outdoor space . The layout includes a large living room with a wood-burning stone fireplace and exposed ceiling beams, plus a dining space that opens to the back deck through sliding glass doors. The kitchen has been updated with newer vinyl flooring, painted cabinets, granite countertops, a gas range,

  Taria White Levin Rinke Realty

  5508 Glass Dr, Pensacola, FL 32505
• 

  

  /17

  $250,000

  • 2 Beds
  • 2.5 Baths
  • 1,141 Sq Ft

  3505 Parkwood Ave, Pensacola, FL 32504

  Located in the highly desirable Cordova Park Elementary School district, this beautifully maintained townhome offers an unbeatable combination of convenience and comfort. Situated just moments from the Montessori School and Pensacola International Airport, you'll have everything you need at your doorstep. Upon entering through the front door, you'll be welcomed by a generous foyer with a

  ALEC WALDEN Southern Realty Gulf Coast LLC

  3505 Parkwood Ave, Pensacola, FL 32504
• 

  

  /13

  $249,900

  • 2 Baths
  • 1,904 Sq Ft

  3323 W Cervantes St, Pensacola, FL 32505

  Attention investors! Two great Florida cottages for one fantastic price! 3323 W Cervantes and 712 N Wentworth located together but nice size separate lots with fenced back yard. These properties are on a single parcel but could potentially be subdivided. 3323 W Cervantes features approx 1200 sq ft. 2 bedrooms and one bath with updates through out. Kitchen features new cabinets with granite

  Debbie Usry The Realty Vault

  3323 W Cervantes St, Pensacola, FL 32505
• 

  

  /27

  $280,000

  • 1 Bed
  • 1 Bath
  • 800 Sq Ft

  2007 E Gadsden St Unit 103, Pensacola, FL 32501

  This Incredible Condo is a Pensacola Landmark and located in one of the best locations in Pensacola - overlooking Bayou Texar and is a gated condo/project ~ One-bedroom & one-bath condo, ground floor, in a picturesque Spanish-style building from 1927 ~ Beautiful view of the pool ~ Luxury wood style floors, granite in kitchen with undermount sink, stainless steel plus island, upright washer &

  Michelle Downey MARK DOWNEY & ASSOCIATES, INC.

  2007 E Gadsden St Unit 103, Pensacola, FL 32501
• 

  

  /20

  $169,000

  • 3 Beds
  • 1 Bath
  • 1,122 Sq Ft

  105 SE Kalash Rd, Pensacola, FL 32507

  Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a

  Mehdi Moeini Bay City Realty LLC

  105 SE Kalash Rd, Pensacola, FL 32507
• 

  

  /7

  $5,000

  • 3 Beds
  • 2 Baths
  • 1,328 Sq Ft

  930 Clearview Ave, Pensacola, FL 32505

  Foreclosure Auction Ends October 03, 2025 at 12:00 PM EST. Discover this inviting 3-bedroom, 2-bathroom home nestled in a quiet Pensacola neighborhood. The list price is the opening bid for the online auction. Sold As-is with Clear Title. Explore more details and submit your bid through the Federa Home App.

  Jamie Boone Federa

  930 Clearview Ave, Pensacola, FL 32505
• 

  

  /25

  $329,900

  • 3 Beds
  • 2 Baths
  • 1,444 Sq Ft

  2603 N 16th Ave, Pensacola, FL 32503

  Three bedroom, two bath patio home built in 1920 in East Hill, located one block from Lamancha Square, situated on nearly 1/4 acre. Deep backyard, lot measures approximately 66.25'x160'. Square footage is approximately 1,444. Four blocks from the East Hill Wine Bar. Zoning is R-1AA. 2017 HVAC and newer windows.

  Troy Stepherson GUNTHER PROPERTIES, LLC

  2603 N 16th Ave, Pensacola, FL 32503
• 

  

  /29

  $180,000

  • 3 Beds
  • 2 Baths
  • 1,541 Sq Ft

  32 Bertram St, Pensacola, FL 32506

  This property is located in West Pensacola. Near shopping, schools, etc. Three Bedroom, Two bath home located on corner lot. Laminate flooring, tile flooring throughout. Screen porch to sit on in the lovely evenings. Two car carport, laundry area, dining area, family room, living area. Refrigerator, dishwasher, stove remain with property. This property is tenant occupied but tenants are one a

  ANN ROSS Southern Homes Realty LLC

  32 Bertram St, Pensacola, FL 32506
• 

  

  /22

  $354,000

  • 3 Beds
  • 2 Baths
  • 1,528 Sq Ft

  901 E Fisher St, Pensacola, FL 32503

  BEST PRICED NEWER CONSTRUCTION IN EAST HILL! You will LOVE living in East Hill! Easy access to the hustle and bustle of downtown Pensacola, Pensacola Beach, shopping, airport, restaurants, airport and more! You can't beat this spot! PLUS Where else can you find a 2020-built home in East Hill at this price? This is one of the best values on the market—a rare opportunity to own a modern,

  Hilary Rember ASSIST 2 SELL REAL ESTATE

  901 E Fisher St, Pensacola, FL 32503
• 

  

  /25

  $274,999

  • 3 Beds
  • 2 Baths
  • 1,479 Sq Ft

  310 Cherokee Trail, Pensacola, FL 32506

  Golf Community Gem With Modern Upgrades. This beautifully renovated home is move-in ready, featuring a brand-new 4-ton HVAC, new electrical, plumbing, roof, and hot water heater. Located on a huge corner lot in a quiet golf community, you’ll love being directly across from the park and walking trail. Inside, the open floor plan showcases original refinished oak floors in the spacious living room,

  Ralph Harvey LISTWITHFREEDOM.COM

  310 Cherokee Trail, Pensacola, FL 32506
• 

  

  /19

  $199,999

  • 3 Beds
  • 2 Baths
  • 1,150 Sq Ft

  306 N 58th Ave, Pensacola, FL 32506

  **✨ Stunningly Renovated 3-Bed, 2-Bath Brick Home on a Prime Corner Lot! ✨** Perched on a scenic bluff with an inviting entrance, this **freshly updated gem** is packed with modern upgrades! Step into a **gourmet kitchen** featuring **sleek granite countertops, elegant travertine backsplash, custom cabinetry.** Both bathrooms have been **completely transformed**

  Larry Perine Coldwell Banker Realty

  306 N 58th Ave, Pensacola, FL 32506
• 

  

  /21

  $675,000

  • 1 Bed
  • 1 Bath
  • 815 Sq Ft

  17 Palafox Place Unit 210, Pensacola, FL 32502

  Originally commissioned in 1906, the Brent Building remains one of Pensacola’s most recognizable addresses. After a multi-million-dollar transformation, this downtown icon now offers a limited collection of luxury residences that honor the building’s history while embracing modern design. Life inside the Brent is layered and vibrant. The street level is alive with restaurants, shops, and daily

  Robert Montgomery KELLER WILLIAMS REALTY GULF COAST

  17 Palafox Place Unit 210, Pensacola, FL 32502
• 

  

  /11

  $140,000

  • Land
  • 0.13 Acre
  • $1,076,923 per Acre

  900 E Yonge St, Pensacola, FL 32503

  This versitile, perfectly-located lot is zoned R-2. This allows for residential, office, or both within the city of Pensacola Limits & in the heart of Uber Desirable East Hill. This lot is 40'x 137' with 137' frontage on 9th Ave. Beautiful New homes surround this perfect lot. This lot could be very visable for a business. There is already partial fencing for privacy. So for a residence privacy is

  Andy McKeown KELLER WILLIAMS REALTY GULF COAST

  900 E Yonge St, Pensacola, FL 32503
• 

  

  /26

  $523,000

  • 4 Beds
  • 3 Baths
  • 2,131 Sq Ft

  1515 N B St, Pensacola, FL 32501

  Fabulous North Hill Home: This stunning four-bedroom, three-bath residence perfectly blends charm, style, and functionality. Situated on a desirable corner lot with great elevation, the home features painted brick exterior and a side-entry oversized two-car garage with an additional storage room. Inside you’ll find today’s most sought-after finishes, including updated dimensional laminate

  Cherylyn Stopler RE/MAX HORIZONS REALTY

  1515 N B St, Pensacola, FL 32501
• 

  

  /13

  $140,000

  • 3 Beds
  • 1 Bath
  • 1,020 Sq Ft

  3011 N Tarragona St, Pensacola, FL 32503

  Investment opportunity with solid home, needs some TLC, but has great bones. Property is a 3 bed and 1 bath. Sold as is. Seller will not do any repairs. we installed some ceiling fans and also four new window ac units. Property is currently rented until September 2026.

  Vanesa Gagliolo Costa Miami Realty, LLC

  3011 N Tarragona St, Pensacola, FL 32503
• 

  

  /63

  $889,000

  • 4 Beds
  • 3 Baths
  • 3,094 Sq Ft

  220 Stanley Ave, Pensacola, FL 32503

  Enjoy the elegance, and convenience of East Pensacola Heights living in this exceptionally appointed 4-bedroom, 3-bathroom home with a detached 1-bedroom, 1-bathroom apartment. From the moment you arrive, the two-story facade framed by lush landscaping and gas lanterns sets the stage for the sophistication inside. The main home offers soaring ceilings with crown molding and recessed lighting,

  Katy Collins Levin Rinke Realty

  220 Stanley Ave, Pensacola, FL 32503
• 

  

  /28

  $269,000

  • 2 Beds
  • 2 Baths
  • 968 Sq Ft

  1205 W Belmont St, Pensacola, FL 32501

  Charming, Fully Renovated Shotgun-Style Home. Don’t miss this beautifully updated 2-bed, 1-bath home perfect as a primary residence, rental, or Airbnb investment! This classic shotgun-style property features original tongue-and-groove walls and ceilings, preserving its historic charm while offering modern comforts throughout. Recent Updates Include: Granite countertops, Shaker-style soft-close

  Larry Kuhn Kuhn Realty

  1205 W Belmont St, Pensacola, FL 32501
• 

  

  /42

  $159,600

  • 2 Beds
  • 1 Bath
  • 1,168 Sq Ft

  320 Chaseville St, Pensacola, FL 32507

  Welcome to this delightful 2 bedroom, 1 bathroom home that blends classic charm with modern functionality. Step inside to find a formal living room and a dedicated dining space, perfect for hosting dinners or enjoying everyday meals. The kitchen features a convenient breakfast bar and flows seamlessly into a massive family room, complete with a built-in dry bar. French doors off the family room

  Jennifer Larrabee Palm Island Realty Group, LLC

  320 Chaseville St, Pensacola, FL 32507
• 

  

  /40

  $249,500

  • 4 Beds
  • 2 Baths
  • 1,458 Sq Ft

  763 N 79th Ave, Pensacola, FL 32506

  Completely renovated 4 bedroom, 2 bathroom home in Pensacola with thoughtful upgrades inside and out. This open concept design features a modern kitchen with granite countertops, stainless steel appliances, a large island, and a custom built dining nook with storage, creating the perfect space for entertaining or everyday living. The primary suite offers a spa-like retreat with a double floating

  Tara Greenwood Elite Emerald Coast LLC

  763 N 79th Ave, Pensacola, FL 32506
• 

  

  /46

  $179,600

  • 4 Beds
  • 1 Bath
  • 1,248 Sq Ft

  800 Montclair Rd, Pensacola, FL 32505

  Welcome to this charming 4-bedroom, 1-bathroom home located in the vibrant city of Pensacola, FL. This home has been freshly painted and features brand new cabinets and butcher block countertops in the kitchen, giving it a modern and stylish touch. The kitchen is also equipped with stainless steel appliances, ready for you to create culinary masterpieces. The home boasts new vinyl floors and

  Jennifer Larrabee Palm Island Realty Group, LLC

  800 Montclair Rd, Pensacola, FL 32505
• 

  

  /37

  $199,600

  • 4 Beds
  • 1 Bath
  • 1,364 Sq Ft

  128 Rue Max St, Pensacola, FL 32507

  This well-maintained home offers plenty of space both inside and out. Featuring tile flooring throughout, a large open-concept living and dining area, and a generously sized kitchen with an adjacent laundry area for added convenience. All three bedrooms offer ample space, and there's a large bonus room—perfect for a home office, playroom, fourth bedroom, or extra living area. Enjoy the outdoors

  Jennifer Larrabee Palm Island Realty Group, LLC

  128 Rue Max St, Pensacola, FL 32507
• 

  

  /67

  $1,599,999

  • 4 Beds
  • 3 Baths
  • 2,859 Sq Ft

  43 Port Royal Way, Pensacola, FL 32502

  Welcome to 43 Port Royal Way, an exceptional waterfront residence located in the highly sought-after, gated community of Port Royal, Pensacola’s premier downtown and waterfront neighborhood. This beautifully updated home offers breathtaking views of Pensacola Bay and the Blue Wahoos Stadium, where you can enjoy ballgames and fireworks from the comfort of your own porch. Just steps from the

  Randy Bricker The Realty Vault

  43 Port Royal Way, Pensacola, FL 32502
• 

  

  /29

  $299,000

  • 3 Beds
  • 2 Baths
  • 1,128 Sq Ft

  515 N M St, Pensacola, FL 32501

  This ADORABLE downtown 3 bed/2bath home is AFFORDABLE and TURN KEY! Currently used as a successful short-term rental with strong income potential, this home is move-in ready and fully furnished for a new homeowner or future Airbnb host. Built in 2007, it has been thoughtfully updated with luxury vinyl plank flooring throughout, upgraded ceiling fans, a counter-depth refrigerator, and a

  SIMONE SANDS Engel & Volkers Pensacola

  515 N M St, Pensacola, FL 32501
• 

  

  /57

  $1,500,000

  • 3 Beds
  • 3 Baths
  • 2,670 Sq Ft

  4150 Menendez Dr, Pensacola, FL 32503

  Come see this waterfront home! East Hill on Bayou Texar. This custom-built beautiful waterfront home has an extra 733 square-foot apartment downstairs with four large windows that lookout on the bayou and large covered porch. The apartment has one-bedroom, one full bathroom, walk in closet, family room, and a kitchen area. Plumbing pipes, Electrical sockets and HVAC closet are already in place

  Cynthia Lambert KELLER WILLIAMS REALTY GULF COAST

  4150 Menendez Dr, Pensacola, FL 32503
• 

  

  /17

  $190,000

  • 3 Beds
  • 1.5 Baths
  • 1,108 Sq Ft

  307 N 59th Ave, Pensacola, FL 32506

  Welcome to this beautifully updated 3-bedroom, 1.5-bathroom home offering the perfect mix of modern upgrades and classic charm. This move-in-ready property features a brand-new roof (2023), new energy-efficient windows, and updated insulation—all designed to improve comfort and reduce energy costs. Step inside to find gorgeous hardwood floors, a spacious and functional layout, and a renovated

  Vivian Corwin IXL Real Estate LLC

  307 N 59th Ave, Pensacola, FL 32506

Showing Results 281 - 320, Page 8 of 18