STOCK TITAN

Toll Brothers Announces Highly Anticipated Elevate Community is Now Open in Irvine, California

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Toll Brothers has launched its new Elevate community in Irvine, California, offering luxury single-family homes within the Great Park Neighborhoods. The development features three distinct floor plans ranging from 3,411 to 3,671 square feet, with 5-6 bedrooms and 5 bathrooms across three stories. Homes include two-car garages, great rooms, large kitchens, and covered decks for entertaining. The community provides access to six pools, seven parks, and miles of trails. Prices start at $2.986 million, with buyers able to personalize their homes at the Toll Brothers Design Studio.

Toll Brothers ha lanciato la sua nuova comunità Elevate a Irvine, in California, offrendo lussuose case unifamiliari all'interno dei Great Park Neighborhoods. Lo sviluppo presenta tre distincti piani abitativi che spaziano da 3.411 a 3.671 piedi quadrati, con 5-6 camere da letto e 5 bagni distribuiti su tre piani. Le abitazioni includono garage per due auto, soggiorni spaziosi, grandi cucine e verande coperte per intrattenere. La comunità offre accesso a sei piscine, sette parchi e miglia di sentieri. I prezzi partono da $2.986 milioni, con la possibilità per gli acquirenti di personalizzare le loro abitazioni presso lo Studio Design di Toll Brothers.

Toll Brothers ha lanzado su nueva comunidad Elevate en Irvine, California, ofreciendo lujosas casas unifamiliares dentro de los Great Park Neighborhoods. El desarrollo cuenta con tres planos de planta distintos que van de 3,411 a 3,671 pies cuadrados, con 5-6 dormitorios y 5 baños distribuidos en tres niveles. Las casas incluyen garajes para dos coches, salas grandes, amplias cocinas y terrazas cubiertas para entretenimiento. La comunidad ofrece acceso a seis piscinas, siete parques y millas de senderos. Los precios comienzan en $2.986 millones, y los compradores pueden personalizar sus hogares en el Estudio de Diseño de Toll Brothers.

Toll Brothers는 캘리포니아 어바인에 새로운 엘리베이트 커뮤니티를 출시하였으며, 그레이트 파크 이웃 내에서 고급 단독 주택을 제공합니다. 이 개발은 3,411에서 3,671 제곱 피트까지 세 가지 독특한 평면도를 제공하며, 5-6 개의 침실과 5 개의 욕실이 3층에 걸쳐 배치되어 있습니다. 집에는 2대용 차고, 넓은 거실, 대형 주방 및 연회를 위한 덮인 데크가 포함되어 있습니다. 커뮤니티는 6개의 수영장, 7개의 공원 및 수 마일의 트레일에 대한 접근성을 제공합니다. 가격은 $2.986 백만부터 시작하며, 구매자는 Toll Brothers 디자인 스튜디오에서 자신의 집을 개인화할 수 있습니다.

Toll Brothers a lancé sa nouvelle communauté Elevate à Irvine, Californie, offrant des maisons unifamiliales de luxe au sein des Great Park Neighborhoods. Le développement propose trois plans de type distincts variant de 3 411 à 3 671 pieds carrés, avec 5-6 chambres et 5 salles de bain réparties sur trois étages. Les maisons incluent des garages pour deux voitures, de grands salons, des cuisines spacieuses et des terrasses couvertes pour recevoir. La communauté donne accès à six piscines, sept parcs et des kilomètres de sentiers. Les prix commencent à 2,986 millions de dollars, les acheteurs pouvant personnaliser leur maison au Studio de Design de Toll Brothers.

Toll Brothers hat seine neue Elevate-Gemeinschaft in Irvine, Kalifornien, gestartet und bietet luxuriöse Einfamilienhäuser in den Great Park Neighborhoods an. Die Entwicklung umfasst drei unterschiedliche Grundrisse, die von 3.411 bis 3.671 Quadratfuß reichen, mit 5-6 Schlafzimmern und 5 Badezimmern auf drei Etagen. Die Häuser verfügen über Garagen für zwei Autos, große Wohnzimmer, geräumige Küchen und überdachte Terrassen für Unterhaltung. Die Gemeinschaft bietet Zugang zu sechs Schwimmbädern, sieben Parks und Meilen von Wanderwegen. Die Preise beginnen bei $2,986 Millionen, und die Käufer können ihre Häuser im Designstudio von Toll Brothers personalisieren.

Positive
  • Premium pricing starting at $2.986 million indicates strong market positioning
  • Large home sizes (3,411-3,671 sq ft) targeting luxury segment
  • Strategic location in Irvine Unified School District with access to extensive amenities
Negative
  • High entry price point may limit potential buyer pool in current market conditions

Insights

The launch of Elevate in Irvine represents a strategic move in the luxury housing market. With base pricing at $2.986 million, these homes target the premium segment in one of California's most desirable markets. The 3,411-3,671 square foot layouts position these as the largest offerings in the Great Park Neighborhoods development, indicating strong potential for market differentiation.

The timing is particularly noteworthy - despite higher interest rates, Irvine's luxury market has shown resilience due to inventory and strong local demographics. The pre-model pricing strategy suggests confidence in demand, while the location within the highly-rated Irvine Unified School District adds significant value proposition for family buyers.

The project's integration with extensive community amenities and proximity to Orange County's employment hubs should support strong absorption rates, though the high price point may extend the sales timeline in the current market environment.

IRVINE, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced its highly anticipated Elevate by Toll Brothers at Great Park Neighborhoods community in Irvine, California, is now open for sale. New home sites have just been released and prospective home buyers can take advantage of pre-model pricing at the Toll Brothers Sales Center located at 105 Apron in Irvine.

Elevate by Toll Brothers at Great Park Neighborhoods offers elegant new single-family homes within a spectacular master-planned community in Irvine. These stunning luxury homes are the largest available in the community, offering three distinct floor plans featuring 5 to 6 bedrooms, 5 bathrooms, and three stories perfect for showcasing the incredible views. The home designs range from 3,411 to 3,671 square feet and include two-car attached garages, soaring great rooms, large kitchens with convenient center islands and ample counter and cabinet space, and casual dining areas. The second floor of the home designs includes spacious and well-appointed primary suites, secondary bedrooms, and laundry rooms, while the third floor boasts flex rooms, private bedroom suites, and covered decks perfect for entertaining. Home buyers can personalize all the details of their homes at the Toll Brothers Design Studio to create their ideal spaces for living and entertaining.

“We are excited to bring the Elevate community to life in Irvine, offering luxurious home designs and an array of personalization options,” said Brad Hare, Division President of Toll Brothers in Southern California. “Homeowners will enjoy the amazing amenities of the Great Park Neighborhoods and experience the distinctive architecture and exceptional quality for which Toll Brothers is known.”

Elevate by Toll Brothers at Great Park Neighborhoods

Elevate homeowners can take advantage of the incredible Great Park Neighborhoods amenities, including six pools, seven community parks, miles of trails, and a calendar full of engaging special events, activities, and clubs. The community is conveniently located in the outstanding Irvine Unified School District, less than 30 minutes from Orange County’s scenic beaches, and near high-end dining, shopping, recreational, and entertainment opportunities.

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

Homes within Toll Brothers at Elevate at Great Park Neighborhoods are priced from $2.986 million. For more information, prospective home buyers can call (866) 232-1631 or visit ElevateByTollBrothers.com.

About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e65102a-ff8d-44dc-8b8c-d7282bcde5a3


FAQ

What is the starting price for homes in Toll Brothers (TOL) Elevate community in Irvine?

Homes in the Toll Brothers Elevate community at Great Park Neighborhoods in Irvine start at $2.986 million.

What is the size range of homes in Toll Brothers (TOL) new Elevate community?

The homes in Elevate range from 3,411 to 3,671 square feet, featuring 5-6 bedrooms and 5 bathrooms across three stories.

What amenities are available at Toll Brothers (TOL) Elevate community in Irvine?

The Great Park Neighborhoods amenities include six pools, seven community parks, miles of trails, and regular community events and activities.

Toll Brothers, Inc.

NYSE:TOL

TOL Rankings

TOL Latest News

TOL Stock Data

16.02B
100.42M
0.57%
90.42%
3.06%
Residential Construction
Operative Builders
Link
United States of America
FORT WASHINGTON