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Toll Brothers Announces New Home Community Coming Soon to Venice, Florida

1. Toll Brothers launches Oakbend Wellen Park community in Venice, Florida. Site work is underway. 2. Luxury homes range from 2,156 to over 2,900 sq ft with 3-5 bedrooms. Prices start in the upper $600K. 3. Community sales targeted for summer 2025. Design features and resort-style amenities are highlighted. 4. Prime location boosts appeal with nearby trails, beaches, schools, and retail options. Growth in Wellen Park is notable.

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Why Bullish?

The new launch in a high-demand Florida area signals expansion and revenue potential. Similar past community launches by homebuilders led to positive pricing trends.

How important is it?

The project reinforces Toll Brothers’ market position in luxury homes with favorable demographics. Its long-term nature and location add strategic value despite execution risks.

Why Long Term?

The development’s impact will unfold over several years as inventory sells and brand value solidifies. Historical launches in attractive markets have generated sustained growth.

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VENICE, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Sarasota-area community, Oakbend Wellen Park, is coming soon to the Wellen Park master plan in Venice, Florida. This gated neighborhood will include a collection of spacious one- and two-story Toll Brothers home designs and an array of luxury amenities. Site work is underway, and the community is anticipated to open for sale in summer 2025. Home buyers will find a beautiful retreat close to everything at Oakbend Wellen Park. A selection of one- and two-story Toll Brothers home designs offer a range of 2,156 to over 2,900 square feet with 3 to 5 bedrooms, 2.5 to 4 baths, gorgeous outdoor living spaces, and versatile features including lofts and flex rooms. Homes are expected to be priced from the upper $600,000s. “Our new Oakbend Wellen Park community will offer residents an exciting opportunity to build a new construction home within the well-established and highly desirable Wellen Park master plan,” said Brian O'Hara, Division President of Toll Brothers in Tampa and Sarasota. “With flexible open floor plans and unrivaled personalization options through the Toll Brothers Design Studio experience, this resort-style community will continue the standard of luxury living in Wellen Park.” The Oakbend Wellen Park community features direct access to a wide walking/biking/golf cart trail that leads to the Downtown Wellen Park and CoolToday Park, the spring training facility for the Atlanta Braves. In addition to the Wellen Park master plan amenities, residents will also enjoy exclusive amenities within the gated Oakbend community including a resort-style pool, fitness center, pickleball courts, a clubhouse with social lounge, bocce courts, and a playground. Centrally located near waterfront shopping, dining, and entertainment, Oakbend Wellen Park will offer incredible convenience and exceptional living. Thoughtfully designed environments and curated amenity offerings, parks, and trails are located throughout Wellen Park, nestled along wetlands, nature preserves and lakes. The community is less than a 15-minute drive to Florida's most beautiful beaches. In addition, Wellen Park’s growth and increasing popularity among homebuyers is attracting more businesses, healthcare facilities, professional offices, and top schools. The community is located within the highly rated Sarasota County School District, which is currently building a new high school and K-8 school in Wellen Park. Children are also able to attend A-rated Taylor Ranch Elementary, Venice Middle, and Venice High schools in the area. Additionally, the State College of Florida Collegiate School-Venice in Wellen Park is a free public charter school offering a high school dual enrollment program in which students earn a high school diploma while also earning an Associate of Arts degree from the State College of Florida. Numerous daycare and early learning options have also recently opened in the community. 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. Additional Toll Brothers new home communities in the area include Solstice at Wellen Park, The Isles at Lakewood Ranch, Monterey at Lakewood Ranch, Regency at Waterset, Toll Brothers at Seminole Isle and Montrose at Innisbrook. For more information and to join the Toll Brothers interest list for Oakbend Wellen Park, call (855) 600-8655 or visit TollBrothers.com/Florida. 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. Toll Brothers has been one of Fortune magazine's World’s Most Admired Companies™ for 10+ years in a row, and in 2024 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 Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/909aae1b-a34a-45af-931f-7f9788944f27 https://www.globenewswire.com/NewsRoom/AttachmentNg/41b417a5-3dec-446f-95f7-72fe8ec628f0 Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

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