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Toll Brothers Manzanita Park Luxury Home Community is Now Open in Morgan Hill, California

1. Toll Brothers opened Manzanita Park, offering luxury condominiums in Morgan Hill. 2. 67 residences priced from low $900,000s promote high-end living. 3. Community features energy-efficient appliances and several modern amenities. 4. Close proximity to Silicon Valley enhances property desirability and market value. 5. Recognition as a leading builder boosts Toll Brothers' brand reputation and sales potential.

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Why Bullish?

The opening of a new luxury community may attract buyers, boosting TOL's revenue potential, similar to past successful launches.

How important is it?

The article highlights a significant development that could drive future sales, influencing TOL's stock price directly.

Why Long Term?

The positive reception of the Manzanita Park will likely benefit TOL over several quarters, akin to previous community launches.

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MORGAN HILL, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, announced the grand opening of Manzanita Park, an exclusive enclave of new townhome-style condominiums in Morgan Hill, California. The Toll Brothers Sales Center is now open at 19685 Juniper Loop in Morgan Hill. Manzanita Park provides a unique opportunity for luxury living in sought-after Morgan Hill. The community features 67 luxury residences ranging from 1,350 to 2,400+ square feet, offering 2 to 4 bedrooms, 2 to 3.5 bathrooms, and attached 2-car garages. The community boasts the latest in energy-efficient appliances with solar-powered assistance, ensuring a sustainable and comfortable living environment. Homes in Manzanita Park are priced from the low $900,000s. Each home showcases the quality craftsmanship for which Toll Brothers is known, along with high-end finishes included and personalization options available 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. “We are excited to bring Manzanita Park to the vibrant community of Morgan Hill,” said Alli Sweeney, Division President of Toll Brothers in Northern California. “This exclusive community offers luxury living with exceptional amenities and a prime location, making it a truly wonderful place to call home.” Residents of Manzanita Park will enjoy amenities including pickleball courts, a community tot lot, a private dog park, a centralized resident congregation area, and serene gardens. The community is also conveniently located close to the employment and education hubs of Silicon Valley, providing easy access to work and study opportunities. Nestled in the southern part of the Santa Clara Valley, Morgan Hill offers beautiful scenery, a vibrant downtown, and a strong sense of both history and community. Surrounded by soft rolling hills and vineyards, it provides breathtaking views and abundant open space, complemented by a temperate climate that invites residents to explore the area’s many parks, trails, and recreational opportunities. Downtown Morgan Hill features unique shops, restaurants, and beloved community events that add to its small-town charm. For more information on Toll Brothers communities in the area, prospective home buyers can call (844) 790-5263 or visit TollBrothers.com/CA. 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/dda8f92c-ee97-45ee-b78e-f69cd9546f11 Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

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