Luxury Homes for Sale in Utah

• 

  

  

  /22

  $5,250,000

  • Land
  • 199 Acres
  • $26,382 per Acre

  4580 W 1700 S, Syracuse, UT 84075

  The state of Utah granted 700 Acres of Grazing Rights. Total Acreage. 190 + - water shares 14 Hooper Irrigation Co. 2 Artesian Wells. 5 GPM 8 Parcels Total. Also For Sale all equipment and Hay, Price TBD. Note: Buyers verify all the information.

  Joe Henry Martinez Equity Real Estate (Select)

  4580 W 1700 S, Syracuse, UT 84075
• 

  

  /2

  $5,250,000

  • Land
  • 15 Acres
  • $350,000 per Acre

  1472 W Davis Dr, Perry, UT 84302

  Mike Medina Newmark Mountain West

  1472 W Davis Dr, Perry, UT 84302
• 

  

  

  /20

  $5,250,000 New Construction

  • 3 Beds
  • 3.5 Baths
  • 1,999 Sq Ft

  1707 Glencoe Mountain Way Unit 5f, Park City, UT 84060

  A well designed three bedroom residence that also offers two balconies to take in the beautiful sunrise views. Experience an exclusive, service-rich lifestyle complemented by hotel-inspired amenities, including a dedicated private ski concierge, a world-class spa, and immersive pool facilities. No other destination matches the culture, prestige, and global reputation of Four Seasons Private

  Sheila Hall Summit Sotheby's International Realty (625 Main)

  1707 Glencoe Mountain Way Unit 5f, Park City, UT 84060
• 

  

  

  /20

  $5,250,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,698 Sq Ft

  1707 Glencoe Mountain Way Unit 3c, Park City, UT 84060

  A rare, 900 sq ft terrace. Experience an exclusive, service-rich lifestyle complemented by hotel-inspired amenities, including a dedicated private ski concierge, a world-class spa, and immersive pool facilities. No other destination matches the culture, prestige, and global reputation of Four Seasons Private Residences. Rising along the base of the famed Wasatch County mountainside and the edge

  Sheila Hall Summit Sotheby's International Realty (625 Main)

  1707 Glencoe Mountain Way Unit 3c, Park City, UT 84060
• 

  

  

  /21

  $5,250,000 New Construction

  • 6 Beds
  • 6 Baths
  • 8,532 Sq Ft

  422 N Castor Ln, Salt Lake City, UT 84103

  Completion is anticipated within the next 60 days! Discover elevated modern living in this extraordinary custom estate, a celebrated architectural design originally recognized as Canada's #1 home in 2017 and now thoughtfully reimagined in one of Salt Lake City's most coveted neighborhoods. Set on a private one-acre lot within a newly developed cul-de-sac near the top of Virginia Street, the

  Mark Shepherd Shepherd Real Estate Group, LLC

  422 N Castor Ln, Salt Lake City, UT 84103
• 

  

  /54

  $5,200,000

  • 4 Beds
  • 4.5 Baths
  • 4,957 Sq Ft

  3079 Fairway Hills Ct, Park City, UT 84060

  Set in the heart in one of Park City's most sought-after neighborhoods, this exceptional Park Meadows home captures the essence of mountain living. Situated on large corner lot, this home offers sweeping mountain and ski-run views and a connection to the outdoors, where the Park City lifestyle truly comes to life. The light-filled, open floor plan is ideal for both everyday living and

  Michele Cone Summit Sotheby's International Realty

  3079 Fairway Hills Ct, Park City, UT 84060
• 

  

  /46

  $5,200,000

  • Land
  • 35.03 Acres
  • $148,444 per Acre

  35 Acres West Coronado, Moab, UT 84532

  BUILD YOUR COMMUNITY- This 35-acre parcel of gorgeous developable land is a blank slate to create your desirable neighborhood. Set under the Moab Rim with direct views of the La Sal Mountains, this site has potential for density housing, larger ranchettes, or keep it all for yourself for your private ranch. Accessible from Tera Drive, as well as West Coronado, the potential for neighborhood

  Rachel Moody Berkshire Hathaway HomeServices Utah Properties (Moab)

  35 Acres West Coronado, Moab, UT 84532
• 

  

  /15

  $5,200,000

  • 36 Beds
  • 32 Baths
  • 17,754 Sq Ft

  4109 S Highland Dr, Salt Lake City, UT 84124

  Well located 20-unit apartment community along Highland Drive in Holladay, one of Salt Lake County's most established and desirable residential submarkets. The property has benefited from recent capital improvements, with 13 of the 20 units renovated, providing immediate upside and strong tenant appeal. Holladay is known for its high household incomes, strong rental demand, and limited

  Kris Mortensen Newmark Mountain West

  4109 S Highland Dr, Salt Lake City, UT 84124
• 

  

  /83

  $5,200,000

  • 4 Beds
  • 4.5 Baths
  • 6,545 Sq Ft

  6117 N Rocky Ridge Rd, Peoa, UT 84061

  Discover unparalleled luxury and tranquility in this exquisite Peoa, UT estate, set on 25 pristine acres of rolling hills with breathtaking views of the Kamas Valley. Built in 2022 and impeccably maintained, this estate blends modern elegance with country charm, offering a truly unique living experience. The spacious home features 4 bed, 4.5 bath, including a main-level primary suite.

  Amy Moody Christies International Real Estate VUE

  6117 N Rocky Ridge Rd, Peoa, UT 84061
• 

  

  /83

  $5,200,000

  • 4 Beds
  • 4.5 Baths
  • 6,360 Sq Ft

  6117 Rocky Ridge Rd, Peoa, UT 84061

  Discover unparalleled luxury and tranquility in this exquisite Peoa, UT estate, set on 25 pristine acres of rolling hills with breathtaking views of the Kamas Valley. Built in 2022 and impeccably maintained, this estate blends modern elegance with country charm, offering a truly unique living experience. The spacious home features 4 bed, 4.5 bath, including a main-level primary suite.

  Amy Moody Christie's Int. RE VUE

  6117 Rocky Ridge Rd, Peoa, UT 84061
• 

  

  /20

  $5,200,000

  • Land
  • 4.34 Acres
  • $1,198,157 per Acre

  911 N Main St, Moab, UT 84532

  2 PARCELS WITH 4.34 ACRES of PRIME C4 COMMERCIAL and R-2 RESIDENTIAL land on Moab Main Street. The Commercial Parcel (01-0SNF-0002) has 3 acres of premium property that would be an excellent location for your business entity, tour company, restaurant, microbrewery, strip mall, multi housing project and much more. The Residential parcel (01-00366-0043) has 1.34 acres and would be a great location

  Sue Dalton Realtypath LLC (Moab)

  911 N Main St, Moab, UT 84532
• 

  

  /50

  $5,195,000

  • 5 Beds
  • 4.5 Baths
  • 4,339 Sq Ft

  2436 Nansen Ct, Park City, UT 84060

  This beautiful and inviting home, located in Lower Deer Valley on a quiet cul-de-sac, delivers an exceptional blend of comfort and functionality. Its prime location places you only moments away from Deer Valley and Old Town, making it an ideal retreat for both relaxation and entertainment. The ability to use the Deer Valley Direct App, offering complimentary ride services and skier shuttle

  Nick Caravaglia KW Park City Keller Williams Real Estate

  2436 Nansen Ct, Park City, UT 84060
• 

  

  /10

  $5,195,000 New Construction

  • 4 Beds
  • 4.5 Baths
  • 5,523 Sq Ft

  2313 E Wrangler Dr, Hideout, UT 84036

  One of the most prestigious new builds in the stunning Golden Eagle neighborhood, this contemporary architectural masterpiece is underway on a prime corner lot. With walls of glass framing views of Mount Timpanogos, Deer Valley, and the shimmering Jordanelle below, every room showcases a gallery of nature's finest work. Inside, high end finishes and an expansive open floor plan provide spaces

  Chloe Johnson Engel & Volkers Park City

  2313 E Wrangler Dr, Hideout, UT 84036
• 

  

  /43

  $5,150,000

  • 4 Beds
  • 4.5 Baths
  • 2,944 Sq Ft

  2752 W High Mountain Rd Unit 503, Park City, UT 84098

  This four bedroom, five bathroom residence at Apex Park City offers true ski access, strong usability, and direct alignment with the long term capital investment underway in Canyons Village. The home is thoughtfully laid out across multiple levels with vaulted ceilings and expansive windows that capture open mountain views. The main level includes a secondary bedroom, generous kitchen and dining

  Matthew Magnotta Christie's Int. RE VUE

  2752 W High Mountain Rd Unit 503, Park City, UT 84098
• 

  

  /79

  $5,100,000

  • Land
  • 143.85 Acres
  • $35,454 per Acre

  6 S North Fork Rd, Orderville, UT 84758

  Rare multi-parcel opportunity located on paved North Fork Road, just five miles east of Zion National Park. This exceptional property includes 4 parcels totaling 143+ acres of scenic Southern Utah terrain, highlighted by a private canyon with a natural spring - providing privacy, water, and elevated views throughout the property. The primary 80.2-acre parcel features a 5,343 SF home built in 1990

  Tiera Oliver Smart Century 21 Everest (Iron)

  6 S North Fork Rd, Orderville, UT 84758
• 

  

  /80

  $5,100,000

  • 6 Beds
  • 4 Baths
  • 5,346 Sq Ft

  6 S North Fork Rd Unit (Series 4), Orderville, UT 84758

  Rare multi-parcel opportunity located on paved North Fork Road, just five miles east of Zion National Park. This exceptional property includes 4 parcels totaling 143+ acres of scenic Southern Utah terrain, highlighted by a private canyon with a natural spring - providing privacy, water, and elevated views throughout the property. The primary 80.2-acre parcel features a 5,343 SF home built in 1990

  BRYAN BURNETT CENTURY 21 EVEREST ST GEORGE

  6 S North Fork Rd Unit (Series 4), Orderville, UT 84758
• 

  

  /61

  $5,100,000

  • 3 Beds
  • 4.5 Baths
  • 2,518 Sq Ft

  1258 Rothwell Rd, Park City, UT 84060

  Don't miss your chance to discover unparalleled luxury in this stunning mountain modern home, ideally on the prestigious Kings Crown run in Park City, Utah. Currently a very successful short-term rental, this property is ideal both as a primary residence or an investment opportunity, making it a perfect retreat for embracing the ultimate Park City lifestyle. Spanning over 2,500 sq. ft., this

  Jared West Modern and Main, LLC

  1258 Rothwell Rd, Park City, UT 84060
• 

  

  /20

  $5,100,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,553 Sq Ft

  1707 Glencoe Mountain Way Unit 10b, Park City, UT 84060

  Spectacular sunrise views in the private residences of Four Seasons Deer Valley. Experience an exclusive, service-rich lifestyle complemented by hotel-inspired amenities, including a dedicated private ski concierge, a world-class spa, and immersive pool facilities. No other destination matches the culture, prestige, and global reputation of Four Seasons Private Residences. Rising along the base

  Sheila Hall Summit Sotheby's International Realty (625 Main)

  1707 Glencoe Mountain Way Unit 10b, Park City, UT 84060
• 

  

  /40

  $5,044,000

  • 4 Beds
  • 6 Baths
  • 4,632 Sq Ft

  3063 Hills Ridge Rd Unit 36, Park City, UT 84098

  Welcome to Sage Hills Estates! Nestled in the foothills of The Hills, Promontory's new par 3 18-hole golf course surrounded by majestic mountain views, this neighborhood offers 42 homesites with never-before-seen floorplans designed by Solim Gasparik of 4C Design Group. These beautiful new plans built by Promontory Homes range from four to six bedrooms (3,626 to 6,673 square feet) and include a

  Nicole Fuca Berkshire Hathaway HomeServices Utah Properties (Promontory)

  3063 Hills Ridge Rd Unit 36, Park City, UT 84098
• 

  

  /40

  $5,044,000 New Construction

  • 4 Beds
  • 6 Baths
  • 4,632 Sq Ft

  3063 Hills Ridge Rd, Park City, UT 84098

  Welcome to Sage Hills Estates! Nestled in the foothills of The Hills, Promontory's new par 3 18-hole golf course surrounded by majestic mountain views, this neighborhood offers 42 homesites with never-before-seen floorplans designed by Solim Gasparik of 4C Design Group. These beautiful new plans built by Promontory Homes range from four to six bedrooms (3,626 to 6,673 square feet) and include a

  Nicole Fuca BHHS Utah Promontory

  3063 Hills Ridge Rd, Park City, UT 84098
• 

  

  /40

  $5,034,000

  • Land
  • 16.78 Acres
  • $300,000 per Acre

  Pod 7 Cedar Trails Rdo Unit Old Hwy 91, Cedar City, UT 84720

  16 acres zoned R3 off Old Hwy 91. Cedar Trails is a Master Planned community, bordered on east side by BLM land. Large city park areas throughout planned community. Located 1 mile south of Cedar City's south I-15 interchange. High visibility from freeway. Acreage may be purchased all or part.

  Daniel Roberts Coldwell Banker Commercial Advantage

  Pod 7 Cedar Trails Rdo Unit Old Hwy 91, Cedar City, UT 84720
• 

  

  /72

  $5,000,000

  • 4 Beds
  • 4.5 Baths
  • 4,587 Sq Ft

  8020 Glenwild Dr, Park City, UT 84098

  Tucked away in an exclusive enclave and backing directly to The Preserve, this extraordinarymountain retreat offers rare privacy, breathtaking views, and seamless indoor/outdoor living.Designed with both elegance and functionality in mind, this south-facing gem captures stunningnatural light and panoramic vistas of local wildlifeâ€'your daily backdrop for serene

  Cheryl Sulpizio Wasatch Real Estate Brokers

  8020 Glenwild Dr, Park City, UT 84098
• 

  

  /33

  $5,000,000

  • 4 Beds
  • 4 Baths
  • 2,872 Sq Ft

  333 Main St Unit 10, Park City, UT 84060

  Located in the heart of Park City's Historic Main Street, The Parkite offers a unique collection of 15 exclusive residences, offering a rare combination of style, location, function, and amenities. Residence #10 offers an open floor plan, including a gourmet kitchen, three luxurious suites, living room, and a large media room that functions well as a flexible living or sleeping space. As one of

  Paul Benson Engel & Volkers Park City

  333 Main St Unit 10, Park City, UT 84060
• 

  

  /65

  $5,000,000

  • 6 Beds
  • 6 Baths
  • 8,123 Sq Ft

  1468 E Trail Crest Ct, Draper, UT 84020

  Perched at the top of Suncrest, this modern luxury retreat offers unmatched, unobstructed valley and mountain views from every room. Designed by Ezra Lee, the home blends elevated style with everyday convenience across more than 8,000 sq ft of thoughtfully curated living space. Vaulted ceilings and floor-to-ceiling windows flood the interior with natural light, while the gourmet kitchen features

  John Woodley Woodley Real Estate

  1468 E Trail Crest Ct, Draper, UT 84020
• 

  

  /61

  $5,000,000

  • 30 Beds
  • 20 Baths
  • 14,000 Sq Ft

  1378 S Sawmill Blvd Unit 7-703, Heber City, UT 84032

  Luxury awaits in this stunning ten 3 bed, 2 bath 1,406 sq ft condos. With prewired electric car garage, upgraded cabinetry, countertops, and flooring, this home is perfect for the eco-conscious buyer. Enjoy a spacious open-concept design and modern kitchen for entertaining. Relax in the tranquil bedrooms and spa-like baths. Located near outdoor recreation, such as golfing, fishing, skiing, and

  Gregory Bird Sky Realty

  1378 S Sawmill Blvd Unit 7-703, Heber City, UT 84032
• 

  

  /3

  $5,000,000

  • Land
  • 430 Acres
  • $11,628 per Acre

  100 Mineral Spring Rd, Orderville, UT 84758

  Discover a stunning 430-acre property situated in a scenic and serene location on Mineral Springs Road, just minutes from Zion National Park. This expansive, buildable terrain offers rolling hills and breathtaking views, making it ideal for ranching or for real estate development. The property benefits from year-round access via County Road and is conveniently close to Highway 9. Currently

  Dirk Clayson ERA Utah Properties

  100 Mineral Spring Rd, Orderville, UT 84758
• 

  

  /26

  $5,000,000

  • Land
  • 160 Acres
  • $31,250 per Acre

  0 Ashdown Gorge Unit 2808428, Cedar City, UT 84720

  This pristine and beautiful, one-of-a-kind property is nestled within the Ashdown Gorge Wilderness Area, it offers a rare combination of seclusion, and natural beauty. The year-round flowing creek, surrounded by vast pasture areas and picturesque tree-covered slopes, creates an idyllic setting for someone looking for a peaceful, private retreat or a place to build a dream cabin. Being located at

  Heather Roundy ERA Realty Center - Mountain Man

  0 Ashdown Gorge Unit 2808428, Cedar City, UT 84720
• 

  

  /27

  $5,000,000

  • Land
  • 160 Acres
  • $31,250 per Acre

  0 Cedar Mountain Ashdown Gorge-B Unit 25-259810, Cedar City, UT 84720

  This pristine and beautiful, one-of-a-kind property is nestled within the Ashdown Gorge Wilderness Area, it offers a rare combination of seclusion, and natural beauty. The year-round flowing creek, surrounded by vast pasture areas and picturesque tree-covered slopes, creates an idyllic setting for someone looking for a peaceful, private retreat or a place to build a dream cabin. Being located at

  Heather Roundy ERA Realty Center

  0 Cedar Mountain Ashdown Gorge-B Unit 25-259810, Cedar City, UT 84720
• 

  

  /26

  $5,000,000

  • Land
  • 160 Acres
  • $31,250 per Acre

  0 Cedar Mountain Ashdown Gorge-B Unit 110631, Cedar City, UT 84720

  This pristine and beautiful, one-of-a-kind property is nestled within the Ashdown Gorge Wilderness Area, it offers a rare combination of seclusion, and natural beauty. The year-round flowing creek, surrounded by vast pasture areas and picturesque tree-covered slopes, creates an idyllic setting for someone looking for a peaceful, private retreat or a place to build a dream cabin. Being located at

  Heather Roundy ERA Realty Center

  0 Cedar Mountain Ashdown Gorge-B Unit 110631, Cedar City, UT 84720
• 

  

  /26

  $5,000,000

  • Land
  • 160 Acres
  • $31,250 per Acre

  0 Cedar Mountain Ashdown Gorge Unit 109712, Cedar City, UT 84720

  This pristine and beautiful, one-of-a-kind property is nestled within the Ashdown Gorge Wilderness Area, it offers a rare combination of seclusion, and natural beauty. The year-round flowing creek, surrounded by vast pasture areas and picturesque tree-covered slopes, creates an idyllic setting for someone looking for a peaceful, private retreat or a place to build a dream cabin. Being located at

  Heather Roundy ERA Realty Center

  0 Cedar Mountain Ashdown Gorge Unit 109712, Cedar City, UT 84720
• 

  

  /34

  $5,000,000

  • Land
  • 34.59 Acres
  • $144,550 per Acre

  4323 Galts Gulch Unit 7, Park City, UT 84098

  This is your unique and rare opportunity to own a ranch inside of a private, gated, amenity-rich, four-season mountain club. Capture the vision of breathing in the crisp mountain air, away from the city lights, tucked into the eastern hills of the exclusive Promontory community. Whether you have visions of designing your own equestrian enclave or prefer the inimitable privacy for a legacy home,

  Nicole Fuca BHHS Utah Promontory

  4323 Galts Gulch Unit 7, Park City, UT 84098
• 

  

  /22

  $5,000,000

  • Land
  • 4.22 Acres
  • $1,184,834 per Acre

  1691 N Riverview Dr, Moab, UT 84532

  PREMIUM RESORT COMMERCIAL (RC) PROPERTY at MOAB'S North entrance. This commercial property is located close to the Colorado River and the River Bottoms, and it has stunning views of the Colorado River Portal. This 4.22 acre property is one of the first properties in the "Gateway" to Moab and has extremely high visibility and many possible uses. From micro-breweries, classy restaurants, coffee

  Sue Dalton Realtypath LLC (Moab)

  1691 N Riverview Dr, Moab, UT 84532
• 

  

  /77

  $5,000,000 New Construction

  • 5 Beds
  • 7 Baths
  • 5,000 Sq Ft

  896 W Deer Hill Rd, Park City, UT 84098

  Located in The Preserve, one of Park City's premier gated communities, this pristine elk habitat estate spans nearly 12 acres of open, flat horse property in a peaceful mountain setting. A picturesque pond on the property serves as a seasonal nesting site for sandhill cranes, adding to the abundant wildlife and natural beauty. The 5,000 sq ft home offers 5 bedrooms and 7 baths, featuring a chef's

  Michele Croise BHHS Utah Properties - SV

  896 W Deer Hill Rd, Park City, UT 84098
• 

  

  /68

  $4,999,999

  3168 N 1600 E, Panguitch, UT 84759

  Located in Garfield County, Utah, this 467-acre high-elevation agricultural property offers a combination of irrigated production ground, infrastructure, water resources, and residential improvements. The property includes 205 acres of irrigated hay ground under modern pivot systems, room to expand to over 300 acres of production, with the remaining acreage consisting of additional agricultural

  Zeb White Whitetail Properties Real Estate LLC

  3168 N 1600 E, Panguitch, UT 84759
• 

  

  /64

  $4,999,999

  • 5 Beds
  • 5.5 Baths
  • 7,160 Sq Ft

  3058 E Wapiti Canyon Rd, Park City, UT 84098

  Erik Asarian KW Park City Keller Williams Real Estate

  3058 E Wapiti Canyon Rd, Park City, UT 84098
• 

  

  /21

  $4,999,000

  • 5 Beds
  • 5.5 Baths
  • 3,796 Sq Ft

  3576 Ridgeline Dr, Park City, UT 84060

  5 Bedroom Canyons Ski and Golf Townhome. New paint throughout. Offered fully turnkey & ready for immediate use for the ski season. Located just steps from the new Sunrise 10-Person Gondola at Canyons Village, ski into this five-bedroom residence offering generous accommodations. Enjoy Apres Ski, dining and shopping at the Pendry close by. The multiple living spaces, dual primary suites and

  Thomas (t.j) Walsh Coldwell Banker Realty (Park City-NewPark)

  3576 Ridgeline Dr, Park City, UT 84060
• 

  

  /61

  $4,999,000

  • 7 Beds
  • 9 Baths
  • 8,942 Sq Ft

  1449 N Annie Cir, Alpine, UT 84004

  Introducing Palmetto Grove, an exquisitely designed home set in one of the most exclusive neighborhoods in Alpine. This home has been awarded the coveted Judges' Choice Award in the prestigious UV Parade of Homes. The Ridge consists of estate lots that are nestled up against the Wasatch Range with breathtaking views of Lone Peak and Box Elder. Palmetto Grove is a rare classical home, thoughtfully

  Angela Hill Presidio Real Estate

  1449 N Annie Cir, Alpine, UT 84004
• 

  

  /69

  $4,999,000

  • 5 Beds
  • 5.5 Baths
  • 7,160 Sq Ft

  3058 E Wapiti Canyon Rd, Park City, UT 84098

  Bypass the years-long Promontory golf membership wait list! If you're looking for a timeless transitional mountain home in Promontory's distinguished Wapiti Canyon area, look no further than this best-buy home under $5m! Approximately 7160 sq ft, this home is perfectly situated for gracious living indoors and out. The upper and lower-level decks/patios enjoy afternoon shade all summer long, so

  Erik Asarian KW Park City Keller Williams Real Estate

  3058 E Wapiti Canyon Rd, Park City, UT 84098
• 

  

  /12

  $4,995,000

  • Land
  • 160 Acres
  • $31,219 per Acre

  0 No Situs Address Unit 12600244, Heber City, UT 84032

  Welcome to Powder Ridge, a rare and extraordinary opportunity to own 666.48 acres of pristine, untouched wilderness. Nestled in the breathtaking mountains and forests, this expansive property is the ultimate private retreat for outdoor enthusiasts, offering unparalleled access to backcountry adventures, year-round recreation, and pristine natural beauty. In the winter months, Powder Ridge

  Eric Campbell Fathom Realty (Midway)

  0 No Situs Address Unit 12600244, Heber City, UT 84032
• 

  

  /7

  $4,995,000

  • Land
  • 7.25 Acres
  • $688,966 per Acre

  2631 N Mountain Park Rd Unit 56, Alpine, UT 84004

  One of the last large estate lots left in the prestigious Three Falls subdivision. Lot 56 is an amazing secluded lot at the end of a cul de sac, full of trees and mountain views. please call with any questions or for the plat map

  Brian Hansen Hansen Equity Group, LLC

  2631 N Mountain Park Rd Unit 56, Alpine, UT 84004

Showing Results 441 - 480, Page 12 of 18