Toll Brothers opened its new gated community, Toll Brothers at Ladera Trails, in San Tan Valley, Arizona, featuring four single‑story home designs ranging from 3,124 to 3,692 square feet with 3 to 4 bedrooms, 3.5 to 5.5 bathrooms, and 3‑ or 4‑car garages.
Buyers can customize their homes with options such as expansive multi‑slide doors, guest casitas, expanded covered patios, and cabanas. Prices start in the mid‑$800,000s, with the Manchester Plan beginning at $839,995.
The quarter‑acre-plus sites offer mountain‑range views and the community includes resort‑style amenities: a pool, outdoor gathering areas, fire pits, a playground, and pickleball courts.
Toll Brothers’ sales center for the development is located at 31,380 N Crown King Lane in Queen Creek, Arizona. The opening expands the builder’s footprint in Arizona, a market the company identifies as high‑potential.
In Q3 2024, Toll Brothers reported net income of $374.6 million and earnings per share of $3.60, and it raised its full‑year guidance for deliveries and earnings. The company’s strategy to grow in high‑growth markets like Arizona aligns with its broader focus on luxury home construction amid resilient demand from affluent buyers.
The new community launch follows the company’s recent financial performance, which includes record Q2 2024 earnings of $4.55 per diluted share and a 6% year‑over‑year increase in home‑sales revenue. Toll Brothers anticipates delivering 11,200 to 11,600 homes in fiscal 2025 with adjusted gross margins of 27.25%.
The luxury home segment remains resilient despite broader market challenges, as affluent buyers are less affected by rising interest rates and affordability constraints. Toll Brothers’ focus on high‑growth markets and premium product offerings positions it to capture demand in Arizona.
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