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Toll Brothers Announces New Luxury Home Community Coming Soon to Bellevue, Washington

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Toll Brothers (NYSE:TOL) has announced its newest luxury home community, Enclave at Kelsey Creek, coming to Bellevue, Washington in spring 2025. The boutique neighborhood will feature 11 greenbelt homes surrounded by 17 acres of green space, offering 4-bedroom, 3.5-bath residences ranging from 2,864 to 3,019+ square feet.

The homes, starting at $2.2 million, will include contemporary designs with versatile flex rooms, private first-floor bedrooms, covered patios, and covered decks. Buyers will have access to the Toll Brothers Design Studio for personalization options. The community is strategically located near top employers, prestigious schools within the Bellevue School District, and local shopping and dining destinations.

Toll Brothers (NYSE:TOL) ha annunciato la sua nuova comunità residenziale di lusso, Enclave at Kelsey Creek, che sorgerà a Bellevue, Washington, nella primavera del 2025. Il quartiere boutique comprenderà 11 case con accesso a una fascia verde, immerse in 17 acri di spazio verde, e offrirà residenze con 4 camere da letto e 3,5 bagni, con metrature che vanno da 2.864 a oltre 3.019 piedi quadrati.

Le abitazioni, a partire da $2,2 milioni, presenteranno design contemporanei con stanze flessibili versatili, camere da letto private al primo piano, patii coperti e terrazze coperte. Gli acquirenti avranno accesso allo Studio di Design di Toll Brothers per opzioni di personalizzazione. La comunità è strategicamente situata vicino a importanti datori di lavoro, scuole prestigiose all'interno del Distretto Scolastico di Bellevue e a destinazioni locali per shopping e ristorazione.

Toll Brothers (NYSE:TOL) ha anunciado su nueva comunidad de casas de lujo, Enclave at Kelsey Creek, que llegará a Bellevue, Washington, en la primavera de 2025. El vecindario boutique contará con 11 casas junto a un cinturón verde, rodeadas de 17 acres de espacio verde, ofreciendo residencias de 4 habitaciones y 3.5 baños que van desde 2,864 hasta más de 3,019 pies cuadrados.

Las casas, con un precio de inicio de $2.2 millones, incluirán diseños contemporáneos con habitaciones flexibles versátiles, dormitorios privados en la planta baja, patios cubiertos y terrazas cubiertas. Los compradores tendrán acceso al Estudio de Diseño Toll Brothers para opciones de personalización. La comunidad está estratégicamente ubicada cerca de principales empleadores, escuelas prestigiosas dentro del Distrito Escolar de Bellevue y destinos locales de compras y gastronomía.

Toll Brothers (NYSE:TOL)는 2025년 봄에 워싱턴주 벨뷰에 새 고급 주택 단지인 Enclave at Kelsey Creek를 발표했습니다. 이 부티크 이웃은 11채의 그린벨트 주택으로 구성되며, 17에이커의 녹지로 둘러싸여 있으며, 4개의 침실과 3.5개의 욕실이 있는 주택을 제공하며, 면적은 2,864에서 3,019+ 평방피트에 이릅니다.

주택은 $220만부터 시작하며, 다양한 flex룸, 1층에 위치한 프라이빗 침실, 덮인 파티오 및 데크가 포함된 현대적인 디자인을 갖추고 있습니다. 구매자는 개인 맞춤 옵션을 위해 Toll Brothers 디자인 스튜디오에 접근할 수 있습니다. 이 커뮤니티는 최고의 고용주, 벨뷰 교육구 내의 저명한 학교 및 지역 쇼핑 및 식사 장소와 근접한 전략적인 위치에 있습니다.

Toll Brothers (NYSE:TOL) a annoncé sa nouvelle communauté résidentielle de luxe, Enclave at Kelsey Creek, qui sera ouverte à Bellevue, Washington, au printemps 2025. Ce quartier boutique comprendra 11 maisons donnant sur un espace vert, entourées de 17 acres d'espaces verts, offrant des résidences de 4 chambres et 3,5 salles de bain, allant de 2 864 à plus de 3 019 pieds carrés.

Les maisons, à partir de 2,2 millions de dollars, comprendront des designs contemporains avec des pièces flexibles polyvalentes, des chambres privées au premier étage, des patios couverts et des terrasses couvertes. Les acheteurs auront accès au studio de design de Toll Brothers pour des options de personnalisation. La communauté est stratégiquement située à proximité des principaux employeurs, des écoles prestigieuses dans le district scolaire de Bellevue, ainsi que des destinations locales pour le shopping et la restauration.

Toll Brothers (NYSE:TOL) hat seine neueste luxuriöse Wohngegend, Enclave at Kelsey Creek, angekündigt, die im Frühling 2025 in Bellevue, Washington, eröffnet wird. Die Boutique-Nachbarschaft wird 11 grüngürtelliche Häuser bieten, die von 17 Acres Grünfläche umgeben sind, und Wohneinheiten mit 4 Schlafzimmern und 3,5 Bädern im Bereich von 2.864 bis über 3.019 Quadratfuß anbieten.

Die Häuser, die ab $2,2 Millionen erhältlich sind, werden moderne Designs mit vielseitigen Flexräumen, privaten Schlafzimmern im Erdgeschoss, überdachten Patios und überdachten Terrassen umfassen. Käufer haben Zugang zum Toll Brothers Design-Studio für Personalisierungsoptionen. Die Gemeinde befindet sich strategisch günstig in der Nähe führender Arbeitgeber, angesehener Schulen im Bellevue School District sowie lokaler Einkaufs- und Gastronomiemöglichkeiten.

Positive
  • Premium pricing point at $2.2 million per home indicates strong profit margins
  • Strategic location in high-demand Bellevue area near major employers
  • Exclusive boutique development with only 11 units reduces inventory risk
Negative
  • scale with only 11 homes may restrict revenue potential
  • High price point could limit buyer pool, especially in current market conditions

Insights

The launch of Enclave at Kelsey Creek represents a strategic move in the luxury housing segment. With only 11 units priced from $2.2 million, this boutique development in Bellevue targets the ultra-luxury market segment. The location near major tech employers and prestigious schools positions these properties as highly desirable assets in a supply-constrained market.

The 2,864 to 3,019+ square feet floor plans with dedicated home offices align with post-pandemic housing preferences, while the 17-acre green space adds significant value in an area where large land parcels are scarce. The pricing strategy reflects both the premium Bellevue location and Toll Brothers' luxury brand positioning.

This development, while prestigious, represents a relatively small project in Toll Brothers' broader portfolio and is unlikely to materially impact the company's financial performance. With just 11 units at $2.2 million base price, the total project value starts at approximately $24.2 million, a fraction of TOL's $12.4 billion market cap.

The strategic significance lies in maintaining Toll Brothers' premium market position in the high-growth Seattle metro area. The Bellevue location, proximity to tech companies and inventory could support pricing power, but the project's small scale makes it more important for brand positioning than financial impact.

The Bellevue location is particularly notable given the area's transformation into a tech hub, with major expansions from companies like Amazon and Microsoft. The walkability to schools and proximity to downtown Bellevue's amenities aligns with current urban development trends favoring connected, amenity-rich locations.

The project's modest size of 11 units reflects the challenges of developing in established, high-value suburbs where large land parcels are rare. The 17-acre green space buffer creates a significant competitive advantage in a market where environmental features command premium valuations.

BELLEVUE, Wash., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Seattle-area community, Enclave at Kelsey Creek, is coming soon to Bellevue, Washington. This boutique Toll Brothers neighborhood will include only 11 sophisticated, greenbelt homes in the esteemed Bellevue School District. Home construction is underway, and the community is anticipated to open for sale in spring 2025.

Enveloped by 17 acres of green space, Enclave at Kelsey Creek will provide home buyers with the ideal blend of serenity and convenience in a sought-after setting. This exclusive community will offer contemporary 4-bedroom, 3.5-bath homes with 2-car garages ranging from 2,864 to 3,019+ square feet. Home designs will feature versatile flex rooms perfect for home offices, and private first-floor bedrooms with full bathrooms. Residents will enjoy covered patios on the first floor and covered decks off the great room, expanding their living space. Homes will be priced from $2.2 million.

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.

Enclave at Kelsey Creek by Toll Brothers

“Our new Enclave at Kelsey Creek community will offer residents the rare opportunity to build a new construction home within the well-established and highly desirable Bellevue area,” said Kelley Moldstad, Group President for Toll Brothers in Seattle. “With bright, open floor plans and unrivaled personalization options available through the Toll Brothers Design Studio experience, this community will set a new standard for luxury living in Bellevue.”

Enclave at Kelsey Creek is ideally located close to top employers, prestigious schools, and local shops and restaurants. Children may attend Phantom Lake Elementary School, and the community is within walking distance of Odle Middle and Sammamish High Schools. Shopping, dining, and entertainment are also nearby in downtown Bellevue at The Bellevue Collection, Bravern, and Old Bellevue.

For more information and to join Toll Brothers interest list for Enclave at Kelsey Creek, call 844-845-5263 or visit EnclaveAtKelseyCreek.com.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 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, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3afbbb66-e608-45c9-b8a5-3529887ad29a.

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


FAQ

When will Toll Brothers' (TOL) Enclave at Kelsey Creek community open for sales?

The Enclave at Kelsey Creek community is anticipated to open for sale in spring 2025.

What is the starting price for homes in TOL's new Bellevue community?

Homes in the Enclave at Kelsey Creek community will be priced from $2.2 million.

How many homes will be built in TOL's Enclave at Kelsey Creek development?

The community will consist of 11 luxury homes.

What is the size range of homes in TOL's new Bellevue development?

The homes will range from 2,864 to 3,019+ square feet.

What amenities are included in TOL's Enclave at Kelsey Creek homes?

The homes feature 4 bedrooms, 3.5 baths, 2-car garages, flex rooms for home offices, private first-floor bedrooms, covered patios, and covered decks off the great room.

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