Toll Brothers Announces Opening of Stella at University Park in Palm Desert, California
Toll Brothers (NYSE:TOL) has announced the opening of Stella at University Park in Palm Desert, California. The luxury home community features residences ranging from 2,496 to 3,551 square feet, with 3 to 5 bedrooms and prices starting at $1,210,000. Each home includes a pool and offers designer-curated interior selections. The development will include The Grove, a future amenity center featuring multiple pools, pickleball courts, and community spaces. The community offers low Mello Roos, tax rate, and HOA dues, with proximity to golf courses, shopping, and the Palm Springs International Airport.
Toll Brothers (NYSE:TOL) ha annunciato l'apertura di Stella at University Park a Palm Desert, California. La comunità residenziale di lusso presenta abitazioni che vanno da 2.496 a 3.551 piedi quadrati, con 3-5 camere da letto e prezzi a partire da $1.210.000. Ogni casa include una piscina e offre selezioni interne curate da designer. Il progetto includerà The Grove, un futuro centro servizi che presenterà più piscine, campi da pickleball e spazi comuni. La comunità offre basse tasse Mello Roos, un'aliquota fiscale vantaggiosa e spese HOA, ed è situata vicino a campi da golf, negozi e all'aeroporto internazionale di Palm Springs.
Toll Brothers (NYSE:TOL) ha anunciado la apertura de Stella at University Park en Palm Desert, California. La comunidad residencial de lujo cuenta con hogares que van de 2,496 a 3,551 pies cuadrados, con 3 a 5 dormitorios y precios a partir de $1,210,000. Cada casa incluye una piscina y ofrece selecciones de interiores curadas por diseñadores. El desarrollo incluirá The Grove, un futuro centro de amenidades con varias piscinas, canchas de pickleball y espacios comunitarios. La comunidad ofrece bajas tarifas de Mello Roos, una tasa de impuestos baja y cuotas de HOA, con cercanía a campos de golf, tiendas y el Aeropuerto Internacional de Palm Springs.
Toll Brothers (NYSE:TOL)가 캘리포니아 팔름 데저트에 Stella at University Park의 개장을 발표했습니다. 이 럭셔리 주택 단지는 2,496에서 3,551 평방피트까지의 주택을 제공하며, 3~5개의 침실과 $1,210,000부터 시작하는 가격이 특징입니다. 각 주택에는 수영장이 포함되어 있으며 디자이너가 큐레이팅한 내부 선택이 제공됩니다. 개발에는 여러 개의 수영장, 피클볼 코트 및 커뮤니티 공간이 포함된 미래의 편의 시설 센터인 The Grove가 포함될 예정입니다. 이 커뮤니티는 낮은 멜로 루스, 조세율 및 HOA 비용을 제공하며, 골프장, 쇼핑 및 팜 스프링스 국제공항과 가까운 위치에 있습니다.
Toll Brothers (NYSE:TOL) a annoncé l'ouverture de Stella at University Park à Palm Desert, Californie. La communauté résidentielle de luxe propose des habitations allant de 2 496 à 3 551 pieds carrés, avec 3 à 5 chambres et des prix à partir de 1 210 000 $. Chaque maison comprend une piscine et offre des sélections intérieures soigneusement choisies par des designers. Le développement inclura The Grove, un futur centre d'équipements comprenant plusieurs piscines, des courts de pickleball et des espaces communautaires. La communauté propose des taxes Mello Roos faibles, un taux fiscal bas et des frais de HOA, à proximité des terrains de golf, des magasins et de l'aéroport international de Palm Springs.
Toll Brothers (NYSE:TOL) hat die Eröffnung von Stella at University Park in Palm Desert, Kalifornien, angekündigt. Die Luxuswohnanlage bietet Wohnräume von 2.496 bis 3.551 Quadratfuß, mit 3 bis 5 Schlafzimmern und Preisen ab 1.210.000 $. Jedes Haus enthält einen Pool und bietet von Designern ausgewählte Innenausstattungen. Die Entwicklung wird The Grove umfassen, ein zukünftiges Freizeitcenter mit mehreren Pools, Pickleballplätzen und Gemeinschaftsbereichen. Die Gemeinschaft bietet niedrige Mello Roos, eine günstige Steuerlast und HOA-Gebühren, in der Nähe von Golfplätzen, Einkaufsmöglichkeiten und dem internationalen Flughafen Palm Springs.
- Premium pricing starting at $1.21M per unit indicates strong profit margins
- Low operational costs for homeowners (low Mello Roos, tax rate, and HOA dues)
- Strategic location near high-end amenities and transportation hubs
- None.
Insights
This new luxury home community launch in Palm Desert represents a strategic expansion in a high-demand market. The
The project's location near premium amenities like PGA golf courses and high-end retail areas supports strong property value potential. The size range of 2,496 to 3,551 square feet aligns with current market preferences for spacious luxury homes, while included pools and extensive customization options enhance market appeal.
However, this is a routine community opening announcement without significant immediate impact on TOL's financial performance or stock value, though it demonstrates continued execution of their luxury market strategy.
PALM DESERT, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the grand opening of Stella at University Park in Palm Desert, California. This new community features exquisite luxury homes, exceptional architecture, and spacious floor plans. The Sales Center is now open at 36233 Karsten Street in Palm Desert.
Stella at University Park by Toll Brothers offers homes ranging from 2,496 to 3,551 square feet with 3 to 5 bedrooms and 3 to 4.5 bathrooms. Each home includes a pool and offers designer-curated interior selections and unmatched personalization options at the Toll Brothers Design Studio. The Transitional, Contemporary, and Spanish Contemporary exteriors complement the open-concept home designs and Palm Desert setting. The Grove, an exclusive future community amenity center, will feature a clubhouse, a kiddie pool, a lap pool, a resort-style pool, spas, fire pits, an event lawn and stage, pickleball courts, and a shaded play area. Home prices start at
“We are excited to introduce Stella at University Park, where home buyers can enjoy luxurious living in a prime Palm Desert location,” said Brad Hare, Division President of Toll Brothers in Southern California. “This community offers a unique blend of modern home designs, resort-style amenities, and a vibrant lifestyle.”
Stella at University Park is ideally located for year-round recreational opportunities, including nearby parks, hiking, biking, and golfing. Residents will enjoy proximity to the San Jacinto Mountains, local PGA golf courses including Shadow Ridge Golf Resort and Desert Willow Golf Resort, high-end shopping and dining on El Paseo, downtown Palm Springs, and the Palm Springs International Airport. Stella at University Park also offers homeowners low Mello Roos, a low tax rate, and low HOA dues.
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.
For more information on Stella at University Park, prospective home buyers are invited to call (866) 232-1631 or visit Stella at University Park.
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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98a92402-9545-4ca3-ac2d-5c6bcb163632
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
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