Luxury Homes for Sale in Salem, MA

• 

  

  

  /22

  $2,400,000

  • 4 Beds
  • 3.5 Baths
  • 3,167 Sq Ft

  4 Fosters Point, Beverly, MA 01915

  Stunning custom built waterfront home with deep water dock overlooking the Kernwood Country Club. This home was designed for refined living, offering an extensive list of features that enhance the lifestyle belonging to those who appreciate the finest details. Sparkling water views from every level, beginning with the welcoming entryway. Notice the warm wood of the kitchen cabinets, and the

  Victoria Lord The Mega Group

  4 Fosters Point, Beverly, MA 01915
• 

  Explore Salem

• 

  

  

  /41

  $2,375,000

  • 5 Beds
  • 4.5 Baths
  • 5,807 Sq Ft

  38 Chestnut St, Salem, MA 01970

  Stunning 19th-century Federalist single family townhouse, thoughtfully renovated in 2021 with care and attention to detail. From the moment you enter the cheery foyer, you're drawn into a spacious double parlor with floor-to-ceiling windows and two fireplaces. Just beyond, the formal dining room features a bay window and its own fireplace. The kitchen blends classic character with modern

  Beth Jacobs Coldwell Banker Realty - Marblehead

  38 Chestnut St, Salem, MA 01970
• 

  

  

  /19

  $1,970,000

  • 9 Beds
  • 9 Baths
  • 7,452 Sq Ft

  8-8.5 Herbert St, Salem, MA 01970

  We are pleased to present this multifamily offering which consists of 9 units, with on street parking. This deal includes a 2-unit and a 7-unit building, both connected by a well maintained outdoor entranceway. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and management efficiencies. The property features unique finishes

  Kevin Benzinger Boston Realty Advisors

  8-8.5 Herbert St, Salem, MA 01970
• 

  

  

  /16

  $1,779,000 Open Tue 2PM - 2:30PM

  • 16 Beds
  • 6 Baths
  • 6,345 Sq Ft

  33 Harbor St, Salem, MA 01970

  We are pleased to present this multifamily offering which consists of 6 units. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements. The properties boiler system was recently upgraded and the common areas hold two washers and two dryers, both of which are coin operated. The property is ideally located in a quiet residential

  Kevin Benzinger Boston Realty Advisors

  33 Harbor St, Salem, MA 01970
• 

  

  

  /42

  $1,225,000

  • 3 Beds
  • 2 Baths
  • 1,841 Sq Ft

  26 Columbus Ave, Salem, MA 01970

  Enjoy outstanding water views from this beautifully renovated waterfront home with detached gym/office in Salem’s desirable Juniper Point neighborhood. The brand-new kitchen with Cherry cabinetry, leathered quartzite counters, breakfast nook, and pantry/bar opens to a sun-filled family room with walls of windows overlooking Juniper Cove, Baker’s Island, and beyond. A spacious living room with

  Monahan Barker Team LandVest, Inc., Ipswich

  26 Columbus Ave, Salem, MA 01970
• 

  

  /38

  $1,150,000

  • 3 Beds
  • 2 Baths
  • 1,505 Sq Ft

  18 Franklin St Unit 203, Salem, MA 01970

  Designed to take advantage of beautiful water views, the luxury boutique condominiums at RIVERWALK SALEM offer the best in modern single-level living on the North Shore. This spacious new three-bedroom, two-bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and personalized finishes with a signature designer aesthetic. The large Chef's kitchen

  Merry Fox Team MerryFox Realty

  18 Franklin St Unit 203, Salem, MA 01970
• 

  

  /26

  $1,085,000

  • 8 Beds
  • 3 Baths
  • 4,250 Sq Ft

  144 North St, Salem, MA 01970

  Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers

  Herrick Lutts Realty Partners Herrick Lutts Realty Partners

  144 North St, Salem, MA 01970
• 

  

  /24

  $975,000

  • 3 Beds
  • 2 Baths
  • 1,572 Sq Ft

  18 Franklin St Unit 201, Salem, MA 01970

  RIVERWALK SALEM is the newest in luxury boutique condominiums on the North Shore. Designed to take advantage of water and city skyline views, these residences offer the best in modern single-level living. This beautifully appointed 3 bedroom, 2 bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and a signature designer aesthetic. The Chef's

  Merry Fox Team MerryFox Realty

  18 Franklin St Unit 201, Salem, MA 01970
• 

  

  /40

  $950,000 Open Fri 4PM - 6PM

  • 3 Beds
  • 2 Baths
  • 1,877 Sq Ft

  12 Fosters Point, Beverly, MA 01915

  Welcome to waterfront living in Beverly’s desirable Ryal Side neighborhood. Sun-splashed contemporary set on .08 acres with direct frontage on the Danvers River —and the rare opportunity for a potential dock. The open kitchen flows seamlessly into the dining and living room, where a slider door leads out to the deck. The first floor features an ensuite primary bedroom, laundry and mudroom entry.

  John Farrell Coldwell Banker Realty - Beverly

  12 Fosters Point, Beverly, MA 01915
• 

  

  /35

  $925,000

  • 4 Beds
  • 2.5 Baths
  • 1,950 Sq Ft

  1 Ocean Ave, Salem, MA 01970

  Life feels richer when it comes with stunning ocean views.This 4-bedroom, 2.5-bath home in Salem’s Forest River neighborhood offers a blend of historic charm and coastal living that never goes out of style.Imagine waking up in your master suite and stepping out onto a private deck where the ocean stretches before you—an ever-changing view of sunrise colors, sailboats and sparkling water.Two

  Kathleen Murphy Gibson Sotheby's International Realty

  1 Ocean Ave, Salem, MA 01970
• 

  

  /30

  $899,900

  • 3 Beds
  • 2 Baths
  • 1,523 Sq Ft

  18 Franklin St Unit 303, Salem, MA 01970

  The luxury boutique condominiums at RIVERWALK SALEM offer the best in modern single-level living on the North Shore. This spacious new three-bedroom, two-bath condo features oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and personalized finishes with a signature designer aesthetic. The large Chef's kitchen boasts stainless Bosch appliances, custom cabinetry,

  Merry Fox Team MerryFox Realty

  18 Franklin St Unit 303, Salem, MA 01970
• 

  

  /42

  $849,900

  • 3 Beds
  • 2.5 Baths
  • 2,196 Sq Ft

  5 Willson Rd, Salem, MA 01970

  Welcome to this spacious single-family home set on a half-acre lot, featuring a sparkling in-ground pool and plenty of room to entertain. Inside, you’ll find three bedrooms and 2.5 bathrooms, including a convenient main-level primary suite. The open kitchen flows to a large screened-in deck overlooking the pool and expansive lounge area—perfect for summer gatherings or quiet evenings. The

  Herrick Lutts Realty Partners Herrick Lutts Realty Partners

  5 Willson Rd, Salem, MA 01970
• 

  

  /42

  $809,000

  • 2 Beds
  • 2.5 Baths
  • 2,016 Sq Ft

  30 Settlers Way Unit 30, Salem, MA 01970

  This stunning waterfront townhome lives like a single-family home! Enjoy water views from the chef's kitchen with custom maple cabinets, granite countertops, & stainless steel appliances, flowing seamlessly into the dining & living rooms—perfect for entertaining. Breathtaking ocean views sparkle in the spacious living room with a wood-burning fireplace & large double slider that opens to a

  Merry Fox Team MerryFox Realty

  30 Settlers Way Unit 30, Salem, MA 01970
• 

  

  /42

  $799,000

  • 4 Beds
  • 1.5 Baths
  • 2,754 Sq Ft

  8 Briggs St, Salem, MA 01970

  This is your opportunity to take an untouched antique Victorian and bring her into the 21st century! Located just four houses from historic Salem Common, this grand four-bedroom home offers timeless character & incredible potential. Featuring front & back staircases, spacious rooms, tall ceilings, large windows, & a walk-up attic, this property is a rare find. The home’s rich Victorian details

  Merry Fox Team MerryFox Realty

  8 Briggs St, Salem, MA 01970
• 

  

  /42

  $765,000

  • 3 Beds
  • 2 Baths
  • 1,755 Sq Ft

  15 Cedar St, Salem, MA 01970

  This exceptional single family home has maintained many of the original architectural details while adding modern updates.The first floor features a fully equipped kitchen with leathered granite countertops, recessed lighting and breakfast bar.The dining area adjacent to the kitchen, has an open floor plan and cozy built in window seat. The spacious living room is complete with a fireplace and

  Andrea Bonaccorso Coldwell Banker Realty - Cambridge

  15 Cedar St, Salem, MA 01970
• 

  

  /29

  $749,900

  • 2 Beds
  • 2.5 Baths
  • 2,139 Sq Ft

  16 Admirals Ln Unit 16, Salem, MA 01970

  Welcome to a private oasis, beautifully updated 2 bed, 2.5 bath townhouse surrounded by lush foliage, like your own botanical garden, ultimate privacy & tranquility just steps from town & train. Large windows fill the modern living area with sunlight, an ideal space for entertaining or unwinding by gas fireplace, flowing seamlessly into dining & kitchen, abundant cabinets, quartz counters, SS

  Patricia Nunez Redfin Corp.

  16 Admirals Ln Unit 16, Salem, MA 01970
• 

  

  /15

  $749,900

  • 2 Beds
  • 2.5 Baths
  • 1,288 Sq Ft

  9 Franklin St Unit A, Salem, MA 01970

  Tucked just across the bridge from downtown Salem and the commuter rail, Hawthorne Row is a collection of 12 new construction townhomes. Built by respected local firm Rise Design & Build and styled by interior design studio Salt & Stone Co., these homes blend thoughtful design with clean, contemporary design. Each residence offers three levels of living, featuring 2 bedrooms, 2.5 bathrooms, and

  Dmitriy Khesin Rise Signature Homes

  9 Franklin St Unit A, Salem, MA 01970
• 

  

  /21

  $749,000 Open Tue 4:30PM - 6:30PM

  • 2 Beds
  • 2 Baths
  • 1,520 Sq Ft

  51 Lafayette St Unit 609, Salem, MA 01970

  Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10’+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open

  Sophie Soman LandVest, Inc., Manchester -by-the-Sea

  51 Lafayette St Unit 609, Salem, MA 01970
• 

  

  /33

  $749,000

  • 4 Beds
  • 2 Baths
  • 1,512 Sq Ft

  27 E Collins St, Salem, MA 01970

  Enjoy this turnkey and recently renovated property nestled in the desirable Salem Neck area, with water views from almost every window. This property offers a charming Cape Cod-style layout with 4 Beds & 2 Full New Baths, LOTS of closets’ space. Updates include Brand new roof, Gutters, New Updates 200 Amp service, Hardwired smoke detectors, All new Plumbing throughout, new windows, freshly done

  Demostenes Nunez Tremont Realty Group, LLC

  27 E Collins St, Salem, MA 01970
• 

  

  /41

  $739,900

  • 3 Beds
  • 2.5 Baths
  • 1,580 Sq Ft

  67 Essex St Unit 1, Salem, MA 01970

  Luxury brand new 3 bedroom, 2.5 bath condominium townhouse in the most amazing location in historic Salem! This property backs up to the Salem Maritime Park-LOCATION,LOCATION, LOCATION! It is just steps from Derby Wharf, Pickering Wharf, the Willows, Hawthorne Hotel, Museums, & the Salem Common. Modern open concept custom style throughout the interior, with soaring ceilings, beautiful lighting,

  Heather Klosowski Heather Klosowski Real Estate

  67 Essex St Unit 1, Salem, MA 01970
• 

  

  /39

  $739,000

  • 3 Beds
  • 1.5 Baths
  • 1,819 Sq Ft

  112 Columbus Ave, Salem, MA 01970

  Welcome to 112 Columbus Ave, tucked into the beloved Juniper Point neighborhood near Salem Willows. This 3-bedroom, 1.5-bath home offers the charm and space you’ve been looking for. The first floor features a bright living room, separate dining room, eat-in kitchen, large family room, and a mudroom that leads out to the back deck. Upstairs, you’ll find a massive primary bedroom, two additional

  Erica Hodgkinson Fiv Realty Co.

  112 Columbus Ave, Salem, MA 01970
• 

  

  /39

  $729,900

  • 2 Beds
  • 2 Baths
  • 1,455 Sq Ft

  225 Derby St Unit 608, Salem, MA 01970

  Stylish Penthouse with Harbor Views! Live the good life at Pickering Wharf in this sleek 2BR/2BA corner penthouse at the celebrated Salem Waterfront Hotel. This luxurious sun-splashed unit offers a lovely open floor plan with cathedral ceilings, gas fireplace and Juliet balcony overlooking vibrant city and harbor views. The designer granite and stainless kitchen flows into the bright living and

  Judith Zissulis Keller Williams Realty Evolution

  225 Derby St Unit 608, Salem, MA 01970
• 

  

  /35

  $729,900

  • 3 Beds
  • 2 Baths
  • 1,590 Sq Ft

  67 Essex St Unit 2, Salem, MA 01970

  Stunning brand new 3 bedroom, 2 bath condominium penthouse with in the most amazing location in historic Salem! This property backs up to the Salem Maritime Park-LOCATION,LOCATION,LOCATION! Steps from Derby Wharf, Pickering Wharf, the Willows, Hawthorne Hotel, Museums, & the Salem Common. Modern open concept custom style throughout the interior, beautiful lighting, light paint palette, & gleaming

  Heather Klosowski Heather Klosowski Real Estate

  67 Essex St Unit 2, Salem, MA 01970
• 

  

  /37

  $729,000

  • 2 Beds
  • 2.5 Baths
  • 2,179 Sq Ft

  54 Cavendish Cir, Salem, MA 01970

  This beautiful open-concept 2-bedroom townhome is filled with an abundance of natural light throughout. The upgraded kitchen features stylish finished, perfect for both everyday living and entertaining. A spacious dining and living area provide a warm, inviting atmosphere, while the fully finished lower-level family room or office offers flexible living space with direct access to private

  Jill Michaud Gibson Sotheby's International Realty

  54 Cavendish Cir, Salem, MA 01970
• 

  

  /36

  $725,000

  • 3 Beds
  • 2 Baths
  • 2,126 Sq Ft

  138 North St Unit B, Salem, MA 01970

  This house-like condo spans two levels; thoughtfully renovated in 2021 while preserving its 1850’s character. Step through the front door and ascend the original staircase to the sunlit main living level, where a gracious landing with a bay window welcomes you. Here you’ll find a nicely proportioned living room, a dining room that flows into the kitchen with its exposed brick chimney and cozy gas

  Michael Selbst Gibson Sotheby's International Realty

  138 North St Unit B, Salem, MA 01970
• 

  

  /32

  $719,000

  • 3 Beds
  • 1.5 Baths
  • 1,298 Sq Ft

  5 Sunset Rd, Salem, MA 01970

  Nestled at 5 Sunset Rd, this single-family residence offers an inviting home, ready for its next chapter and presents an exceptional opportunity to embrace the quintessential New England lifestyle. Living room welcomes you with the comforting ambiance of a fireplace, complemented by elegant crown molding that adds a touch of sophistication. The sunroom offers a tranquil retreat, bathed in natural

  

  Carol St. Pierre

  Tache Real Estate, Inc.

  (978) 643-2988

  5 Sunset Rd, Salem, MA 01970
• 

  

  /41

  $699,900

  • 4 Beds
  • 2.5 Baths
  • 1,831 Sq Ft

  89 Bridge St Unit 1, Salem, MA 01970

  Presenting 89 Bridge St, Unit 1: Located in the heart of historic Salem, this stunning 4-bed, 2.5-bath home offers luxury finishes and is brimming with design & style! Thoughtfully renovated in 2017, featuring high ceilings, hardwood floors, central a/c & in-unit laundry. The modern kitchen boasts soft-close designer cabinets, granite countertops, stainless steel appliances & high-end lighting.

  Andrea Bennett William Raveis R.E. & Home Services

  89 Bridge St Unit 1, Salem, MA 01970
• 

  

  /38

  $675,000

  • 2 Beds
  • 2 Baths
  • 1,081 Sq Ft

  65 Washington St Unit 401, Salem, MA 01970

  Welcome to BRIX – where modern comfort meets vibrant city living in historic Salem! This 2-bed, 2-bath condo features a bright open layout with hardwood floors, high ceilings, and oversized windows. The sleek kitchen offers quartz counters, stainless steel appliances, and ample storage. The spacious primary suite includes a walk-in closet and spa-like bath with walk-in shower, while the second

  Merry Fox Team MerryFox Realty

  65 Washington St Unit 401, Salem, MA 01970
• 

  

  /25

  $675,000

  • 4 Beds
  • 2 Baths
  • 2,080 Sq Ft

  18 Appleby Rd, Salem, MA 01970

  Set on a quiet street, this well-maintained 4 bed, 2 bath ranch offers comfort and flexibility. The fireplaced living room features a custom mantle, hardwood floors, and a new 2025 window for natural light. The kitchen includes custom cabinetry and hardwood flooring, with large sliders leading to a newer deck and 2025 patio awning—perfect for enjoying wooded views. Three bedrooms and a full bath

  Camille Murphy Redfin Corp.

  18 Appleby Rd, Salem, MA 01970
• 

  

  /40

  $674,800

  • 4 Beds
  • 1.5 Baths
  • 1,545 Sq Ft

  135 Fort Ave, Salem, MA 01970

  Happiness is living by the ocean! Enjoy all this Salem Willows home has to offer you including 4 bedrooms 1.5 baths with fenced in yard, heated inground Gunite pool and area for vegetable garden. Home has been lovingly maintained by same owner for over 70 years. 2nd floor bedroom has a front sitting room that could be used for an office looking out at the ocean. Newer windows including two

  Pam Cote RE/MAX Beacon

  135 Fort Ave, Salem, MA 01970
• 

  

  /41

  $654,900

  • 3 Beds
  • 2 Baths
  • 1,880 Sq Ft

  8 Cushing St Unit 2, Salem, MA 01970

  Completely Renovated 3 bedroom 2 bath townhouse style unit. No expense spared on this renovation. This big beautiful upper unit townhouse with large yard is conveniently located with easy access to highways and train. Sun-splashed open concept Living-Dining eat-in- kitchen. Kitchen features shaker cabinets, stylish tiled backsplash, bar Island, Quartz counters, new stainless-steel appliances.

  Mike Becker Atlantic Coast Homes,Inc

  8 Cushing St Unit 2, Salem, MA 01970
• 

  

  /36

  $649,999

  • 3 Beds
  • 2 Baths
  • 1,208 Sq Ft

  14 Margin St, Peabody, MA 01960

  Your little slice of heaven awaits! 14 Margin Street in Peabody is a cute late 1800's era three-bedroom two-bathroom colonial home with a gorgeous back yard that had been loved for many years. The home is quaint and largely updated, featuring two central air / heat zones and a full basement with interior access. The first floor features a living room, dining area, kitchen with center island,

  Brian DApice The Mega Group

  14 Margin St, Peabody, MA 01960
• 

  

  /36

  $619,000

  • 2 Beds
  • 2 Baths
  • 1,395 Sq Ft

  20 Central St Unit 402, Salem, MA 01970

  What sets this Salem condo apart begins with the deeded underground garage parking with direct interior access and elevator service—a rare and valuable convenience in the heart of downtown. From this prime location, you’re steps from Salem’s best restaurants, museums, shops, and entertainment, while enjoying the privacy and ease of a secure building. The unit itself is perfectly positioned to

  Amanda Armstrong Compass

  20 Central St Unit 402, Salem, MA 01970
• 

  

  /34

  $600,000

  • 3 Beds
  • 1.5 Baths
  • 1,232 Sq Ft

  57 Ord St, Salem, MA 01970

  Welcome to 57 Ord Street, a beautifully finished Victorian home tucked just moments from historic Salem Common, local dining, galleries, and the commuter rail for easy access to Boston. This charming residence blends classic character with thoughtful updates, featuring recent renovations, brand new appliances, and a spacious backyard with plenty of potential. The home offers the perfect balance

  Michael O'Toole AVX Realty LLC

  57 Ord St, Salem, MA 01970
• 

  

  /41

  $600,000

  • 3 Beds
  • 1.5 Baths
  • 1,840 Sq Ft

  12 Planters St, Salem, MA 01970

  RARE OPPORTUNITY IN COLLINS COVE! This freshly painted 3-bedroom, 1.5-bath home offers a flexible layout and endless potential in one of Salem’s most sought-after seaside neighborhoods. The first floor features a bright and open living/dining area that flows to a back deck and fenced yard—perfect for relaxing or entertaining. The spacious kitchen includes a charming pantry, while a bonus room off

  Janine Wuschke Keller Williams Realty

  12 Planters St, Salem, MA 01970
• 

  

  /42

  $599,900

  • 2 Beds
  • 2 Baths
  • 1,060 Sq Ft

  5 Woodside St Unit 5-1, Salem, MA 01970

  Discover modern luxury in this completely renovated 2-bed, 2-bath condo. Upon entering you are welcomed by beautiful engineered European Rustic Oak hardwood flooring which is carried throughout the entire unit, a cozy gas fireplace, telecommunications closet, and a built-in desk, perfect for those who work or study from home. Quartz countertops, wine cooler and ss appliances in the kitchen are a

  Nicholas Newhall Real Estate by Hughes & Assoc. Inc.

  5 Woodside St Unit 5-1, Salem, MA 01970
• 

  

  /18

  $599,000 Open Thu 5PM - 7PM

  • 4 Beds
  • 1 Bath
  • 1,116 Sq Ft

  97 Mason St Unit 2, Salem, MA 01970

  Completely gut-renovated to the studs in 2023, this penthouse duplex condo features modern high-end finishes. The open concept kitchen and living area with vaulted ceilings is perfect for entertaining and everyday living. Kitchen boasts sleek cabinetry, quartz countertops with a breakfast bar, stainless steel appliances, tile backsplash, large undermount sink with disposal, dishwasher and

  Alex Rice North Shore Realty Advisors

  97 Mason St Unit 2, Salem, MA 01970
• 

  

  /22

  $599,000

  • 3 Beds
  • 2 Baths
  • 1,240 Sq Ft

  106 Broadway Unit 3, Salem, MA 01970

  Exceptional new construction condo offering 5 rooms, 3 bedrooms, 2 baths, and high-end finishes in a prime location. Enjoy this 3 floor ((Penthouse) unit that features an open layout with 3⁄4” oak hardwood floors, Quartz kitchen with large island, 42” cabinets, pantry closet, and SS Whirlpool appliances. Central air/heat with Bosch systems, Harvey windows, recessed lighting, and spray foam

  Joseph Gagnon Aluxety

  106 Broadway Unit 3, Salem, MA 01970
• 

  

  /41

  $595,000

  • 2 Beds
  • 2.5 Baths
  • 2,217 Sq Ft

  64 Valiant Way, Salem, MA 01970

  FALL IN LOVE! Downsizing or just starting out this beautifully maintained Townhome lives like a single-family. The open, light-filled layout w/hardwood floors, features an eat-in kitchen w/updated cabinetry flows into the dining and living areas, w/sliders to your private deck. The spacious primary suite offers a walk-in closet and full bath, complemented by a second bedroom and additional full

  Dorothy Goodwin Berkshire Hathaway HomeServices Commonwealth Real Estate

  64 Valiant Way, Salem, MA 01970
• 

  

  /38

  $589,900

  • 4 Beds
  • 1.5 Baths
  • 1,400 Sq Ft

  9 Scotia St, Salem, MA 01970

  Newly updated/remodeled Cape on quiet dead end street is ready for a new family. All the hard stuff has been down with recent new roof, electric upgrade, kitchen & bath remodel and much more. This four bedroom, one and a half bath home with garage, private yard and off street parking will not last long. This home has been in the same family since it was built in 1949, and now needs a new family

  Matthew Power 1 Percent Realty, LLC

  9 Scotia St, Salem, MA 01970

Showing Results 1 - 40, Page 1 of 2