Toll Brothers has opened its newest luxury community, Mariposa at EverRange, in Jacksonville, Florida. The development features four single‑family floorplans ranging from 2,105 to 2,899 square feet, with three to five bedrooms and two to four bathrooms, and homes are priced from $564,995 to the mid‑$600,000s. Each lot is 50 feet wide and offers preserve and water views, while residents gain access to resort‑style amenities including a pool, splash pad, playground, pickleball courts, dog parks, fitness center, and multi‑purpose trails.
The launch is part of Toll Brothers’ strategy to expand its footprint in the southeastern United States and to strengthen its high‑margin luxury segment. By adding Mariposa at EverRange, the builder is adding a new revenue stream that complements its existing build‑to‑order and spec inventory mix, allowing it to maintain insulation among affluent buyers while still meeting market demand for move‑up homes.
Toll Brothers’ recent financial results provide context for the launch. In the first quarter of fiscal 2025, the company reported net income of $177.7 million, or $1.75 per diluted share, falling short of the $2.04 consensus. Revenue of $1.84 billion also missed the $1.91 billion estimate. Management attributed the miss to impairments and a delayed sale of a joint‑venture apartment property, while noting that core homebuilding operations met expectations. The company’s guidance for fiscal 2026 remains unchanged: 10,300 to 10,700 home deliveries at an average price of $970,000 to $990,000, with an adjusted gross margin target of 26%.
The Mariposa community is situated within the EverRange master plan, a mixed‑neighborhood project that will host homes from six builders. The 50‑foot lots and preserve and water views are designed to appeal to buyers seeking a lifestyle that blends luxury with natural surroundings. Toll Brothers’ design studio allows buyers to customize their homes, reinforcing the company’s focus on high‑margin, affluent customers.
In a statement, Chairman and CEO Douglas C. Yearley Jr. said the company’s core homebuilding operations met expectations in the quarter, but noted mixed results in the spring selling season due to affordability constraints and rising inventories. He also announced that he will step down as CEO in March 2026, with Karl K. Mistry taking the helm. The leadership transition signals continuity in the company’s strategic focus on luxury and move‑up markets while preparing for future growth.
The launch of Mariposa at EverRange underscores Toll Brothers’ commitment to expanding its luxury portfolio in high‑growth markets. By offering large, well‑situated lots with resort‑style amenities, the company is positioning itself to capture a segment of buyers who value both upscale features and a connection to nature. The new community aligns with the firm’s broader strategy of balancing build‑to‑order and spec inventory, maintaining a high‑margin segment, and sustaining affluent customer insulation in a competitive market.
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