1. Toll Brothers opened Canterbury Meadows community in Montgomery County, PA. 2. Homes range from 3,029 to 3,677+ square feet, priced from $1.02 million. 3. Canterbury Meadows is near major commuter routes and top-rated schools. 4. The community features flexible floor plans with luxury design elements. 5. Toll Brothers maintains a leading position in the luxury home market.
FAQ
Why Bullish?
The introduction of a new luxury community can drive sales increases, similar to past launches boosting stock. Historical performance indicates new developments often lead to positive market response.
How important is it?
The article highlights new sales opportunities which can lead to revenue growth. The ongoing development showcases Toll's market strategy in responding to high-demand areas, reinforcing its competitive edge.
Why Long Term?
Success in new home sales can enhance future earnings projections and market position, building lasting investor confidence. Previous community launches have positively influenced TOL's annual performance.
Canterbury Meadows by Toll Brothers Opens in Royersford, Pennsylvania
Royersford, Pennsylvania — Toll Brothers, Inc. (NYSE:TOL), a leader in luxury home construction, has officially opened its new community, Canterbury Meadows, in Montgomery County. This latest development marks a significant addition to the Philadelphia-area real estate market, with the Sales Center and the professionally designed Laney model home available for tours at 183 Kline Road.
Luxury Home Features
Canterbury Meadows boasts a distinctive collection of modern two-story home designs, offering flexible floor plans that range from approximately 3,029 to 3,677+ square feet. Each home is designed to include:
- 4 to 5 bedrooms
- 3.5 to 5.5 bathrooms
- 2-car side-entry garages
The starting price for homes in this community is $1.02 million, and many properties offer scenic views, backing onto open space for a peaceful residential experience.
Community Highlights and Accessibility
John Dean, Division President of Toll Brothers in Pennsylvania, expressed enthusiasm about the community, stating, "Canterbury Meadows offers home shoppers a fantastic location within the Spring-Ford Area School District and the ideal mix of luxury living and convenient access to some of the area's finest dining, shopping, and recreation destinations."
The highlight of the new community is the Laney model home, featuring:
- A spacious main living area
- A kitchen central to the casual dining area and great room
- A primary suite with a luxury bath
- A fifth bedroom on the first floor with a private bath
- A first-floor office and a finished basement
Design Flexibility at the Toll Brothers Design Studio
Home shoppers at Canterbury Meadows can take advantage of the Toll Brothers Design Studio, which offers a wide range of customization options. With the help of professional Design Consultants, buyers can personalize their homes to fit their individual tastes and preferences.
Prime Location and Nearby Amenities
The community is strategically located near major commuter routes, including Routes 422 and 202, making it easy for residents to access popular destinations like Phoenixville and King of Prussia. In addition to convenient commutes, families will enjoy living close to:
- Spring-Ford Area School District, known for its top-rated educational institutions
- Recreational opportunities at Limerick Community Park
- Evansburg State Park
- Anderson Farm Park
- Turtle Creek Golf Course
About Toll Brothers, Inc.
Toll Brothers, listed on the New York Stock Exchange under the symbol TOL, is a Fortune 500 company recognized as the nation's leading builder of luxury homes. Since its inception in 1967 and going public in 1986, the company has served various market segments, including first-time and active-adult buyers. With operations across over 60 markets in 24 states, Toll Brothers continues to set the standard in home construction, offering a range of services from architectural design to landscape management.
For over ten years, Toll Brothers has been listed among Fortune magazine's World's Most Admired Companies™. The company’s Chairman and CEO, Douglas C. Yearley, Jr., was recently recognized as one of Barron's magazine's Top 25 CEOs.
Contact and Further Information
For more details on the Canterbury Meadows community or other Toll Brothers developments throughout Pennsylvania, interested individuals can call 855-872-8205 or visit TollBrothers.com/PA.