Toll Brothers Launches New Luxury Home Community, Enchanted Bluff, in Garden Ridge, Texas

Toll Brothers announces the opening of Toll Brothers at Enchanted Bluff, featuring luxury homes in Garden Ridge, Texas.

Quiver AI Summary

Toll Brothers, Inc. has announced the opening of its latest luxury home community, Toll Brothers at Enchanted Bluff, in the San Antonio area of Texas. This new development features spacious one-acre home sites and offers a variety of single- and two-story home designs, with sizes ranging from 3,198 to over 5,184 square feet and prices starting in the low $900,000s. The community's homes include high-end features such as first-floor primary suites and options for personal customization through Toll Brothers' Design Studio. Located in Garden Ridge, the community provides access to walking trails and proximity to outdoor recreation, dining, and shopping. It is served by the reputable Comal Independent School District, making it an attractive option for families. The Toll Brothers Sales Center and model home are now open for potential buyers to explore.

Potential Positives

Toll Brothers is expanding its footprint in the lucrative San Antonio market by opening the Toll Brothers at Enchanted Bluff community, catering to the demand for luxury homes.
The new community features expansive one-acre home sites and customizable luxury home designs, appealing to high-end buyers looking for personalization options.
Residents will benefit from access to top-rated schools within the prestigious Comal Independent School District, enhancing the community's attractiveness to families.
The location offers proximity to a range of outdoor recreational activities and high-end dining and shopping options, adding lifestyle value for potential homebuyers.

Potential Negatives

Strong focus on the luxury market may limit potential buyers due to high price points starting from the low $900,000s, which may not appeal to the broader market.
The announcement does not provide any information regarding sales targets or demand projections for the new community, raising questions about the viability of this investment.
Neglecting to mention any potential challenges in the current real estate market, such as rising interest rates, could suggest a lack of awareness or preparedness for adverse conditions affecting home sales.

FAQ

Where is Toll Brothers at Enchanted Bluff located?

Toll Brothers at Enchanted Bluff is located in Garden Ridge, Texas, near San Antonio.

What types of homes are available in this community?

The community features single- and two-story homes with 3 to 5 bedrooms and home sizes ranging from 3,198 to over 5,184 square feet.

What is the price range for homes at Enchanted Bluff?

Homes are priced from the low $900,000s to over $1.14 million.

What amenities can residents expect in this community?

Residents will enjoy walking trails, outdoor recreation options, and proximity to dining, shopping, and entertainment.

Which school district serves the Enchanted Bluff community?

Students in this community attend the prestigious Comal Independent School District.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$TOL Insider Trading Activity

$TOL insiders have traded $TOL stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:

DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 212,584 shares.
MARTIN P. CONNOR (Chief Financial Officer) has traded it 8 times. They made 0 purchases and 8 sales, selling 72,673 shares.
JOHN A MCLEAN sold 1,000 shares.
WENDELL E. PRITCHETT sold 3,000 shares.
ROBERT PARAHUS (President & COO) sold 6,900 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TOL Hedge Fund Activity

We have seen 365 institutional investors add shares of $TOL stock to their portfolio, and 367 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PACER ADVISORS, INC. removed 2,071,992 shares (-98.9%) from their portfolio in Q3 2024
FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024
JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024
POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024
WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024
HOLOCENE ADVISORS, LP removed 713,852 shares (-100.0%) from their portfolio in Q2 2024
DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

GARDEN RIDGE, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is pleased to announce that its newest community, Toll Brothers at Enchanted Bluff , is now open for sale in the San Antonio, Texas area. This exceptional new Texas Hill Country community offers expansive one-acre home sites and elegant single- and two-story home designs. The Toll Brothers Sales Center and professionally decorated model home is now open at 8279 Blue Oak Way in Garden Ridge.

Toll Brothers at Enchanted Bluff features homes ranging from 3,198 to 5,184+ square feet, each thoughtfully crafted with bright and airy living spaces, stunning covered patios, first-floor primary bedroom suites, 3- to 4-car garages, and versatile loft, flex room, and office options. Homes in the community offer 4 to 5 bedrooms and are priced from the low $900,000s to over $1.14 million. Home buyers will enjoy personalizing their homes with a selection of high-end fixtures and finishes, with expert guidance provided through the Toll Brothers Design Studio experience.

“We are thrilled to introduce Toll Brothers at Enchanted Bluff to the Garden Ridge community,” said Matt Foran, Division President of Toll Brothers in San Antonio. “This stunning neighborhood offers an unmatched lifestyle with spacious home sites, exceptional home designs, and access to top-rated schools and amenities.”

Residents will appreciate the community’s walking trails and proximity to a variety of outdoor recreation, high-end dining, shopping, and entertainment options in Garden Ridge, Schertz, San Antonio, and New Braunfels. Natural Bridge Caverns, Natural Bridge Wildlife Ranch, and Bracken Cave Preserve are all located nearby the community, showcasing a drive-through safari and some of the largest caverns available to tour in Texas. Students living in this community will have the opportunity to attend the prestigious Comal Independent School District, including Garden Ridge Elementary, Danville Middle School, and Davenport High School.

For more information, prospective home buyers are invited to call (877) 500-0508 or visit TollBrothers.com/Texas.

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 .

Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59f05638-9c95-4af0-aeb8-d4cdbe6fb840

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