Sales are Underway at New Waterfront Townhome Community by Toll Brothers, 400 Lake at Asbury Park, in New Jersey

Toll Brothers (NYSE:TOL) announced that sales are underway at 400 Lake at Asbury Park, a new waterfront townhome community in Asbury Park, New Jersey, with a sales center open at 400 Cookman Avenue.

Rhea-AI Summary

Toll Brothers (NYSE:TOL) announced that sales are underway at 400 Lake at Asbury Park, a new waterfront townhome community in Asbury Park, New Jersey, with a sales center open at 400 Cookman Avenue.

Homes include 3- and 4-story townhomes, 2–4 bedrooms, 2.5–3.5 bathrooms, 1–2 car garages, 1,625–2,108+ sq ft, and pricing starting at $1.19 million. Move-in ready homes available for Spring occupancy. Contact (844) 834-5263 or visit TollBrothers.com/NJ for details.

Argus Feb 5 session

+0.08% close to close Open Argus

Details

News Market Reaction – TOL

On Feb 5, the day this news came out, TOL closed 0.08% above the previous close.

Data tracked by StockTitan Argus for the Feb 5 session.

Market Context

This announcement adds another high-end community, 400 Lake at Asbury Park, to Toll Brothers’ growin...

Analysis

This announcement adds another high-end community, 400 Lake at Asbury Park, to Toll Brothers’ growing portfolio, with prices starting at $1.19 million and coastal New Jersey positioning. Recent history shows multiple new community launches across states, alongside strong fiscal 2025 results, including $10.8 billion in home sales revenue and 25.6% gross margin. Investors may watch for absorption rates, pricing power, and consistency of demand across these new luxury projects.

Key Figures

Starting price (Asbury Park): $1.19 million Home size range: 1,625–2,108+ sq ft Homes delivered: 11,292 homes +5 more

Starting price (Asbury Park)

$1.19 million

Pricing for 400 Lake at Asbury Park townhomes

Home size range

1,625–2,108+ sq ft

400 Lake at Asbury Park home designs

Homes delivered

11,292 homes

Fiscal 2025 deliveries from DEF 14A

Average selling price

$960,000

Average home price in fiscal 2025

Home sales revenue

$10.8 billion

Record home sales revenue in fiscal 2025

Gross margin

25.6%

Fiscal 2025 gross margin on home sales

Diluted EPS 2025

$13.49

Compared with $15.01 in 2024

Operating cash flow

$1.1 billion

Fiscal 2025 operating cash flow

Historical Context

5 past events · Latest: Feb 02

5 events

1. Feb 02

   New condo community

   24h Move

   +0.7%

   Launch of Outlook at The Station luxury condos in Sunnyvale, California.

2. Feb 02

   New townhome project

   24h Move

   +0.7%

   Announcement of Summercrest gated townhome community in Estero, Florida.

3. Feb 02

   Future townhome launch

   24h Move

   +0.7%

   Planned Altair Ridge townhome community in Orion Township, Michigan for summer 2026.

4. Jan 30

   High-end community opening

   24h Move

   -1.8%

   Opening of Toll Brothers at HighPoint gated community in Scottsdale, Arizona.

5. Jan 30

   Model home opening

   24h Move

   -1.8%

   Grand opening of model home in Emberly community in Alpharetta, Georgia.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted stock units, exercise price, form 3, form 4, +4 more

8 terms

restricted stock units financial

"A total of 4,897 restricted stock units were exercised at $0 and converted"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

exercise price financial

"1,521 restricted stock units were converted into 1,521 shares of common stock at an exercise price of $0"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

form 3 regulatory

"[Form 3] Toll Brothers, Inc. Initial Statement of Beneficial Ownership"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

form 4 regulatory

"[Form 4] Toll Brothers, Inc. Insider Trading Activity"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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definitive proxy statement regulatory

"[DEF 14A] Toll Brothers, Inc. Definitive Proxy Statement"

A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.

401(k) plan financial

"including 140.7853 shares in a 401(k) plan, 219.9130 shares in an IRA"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

ira financial

"140.7853 shares in a 401(k) plan, 219.9130 shares in an IRA, 109.9560 shares in a Roth IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

roth ira financial

"219.9130 shares in an IRA, 109.9560 shares in a Roth IRA, and 40.6850 shares"

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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ASBURY PARK, N.J., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced that sales are underway at 400 Lake at Asbury Park, a brand-new community of waterfront townhomes in Asbury Park, New Jersey. The Toll Brothers Sales Center, located at 400 Cookman Avenue in Asbury Park, is now open.

400 Lake at Asbury Park features 3- and 4-story modern townhomes with open floor plans and rooftop terraces with ocean and lake views. Located just a few blocks from the shoreline, the community offers residents easy access to beachfront activities including historic boardwalk shops and a vibrant restaurant and nightlife scene.

Home shoppers can choose from four brand-new home designs ranging from 1,625 to 2,108+ square feet. These luxury townhomes offer 2 to 4 bedrooms, 2.5 to 3.5 bathrooms, and 1- to 2-car garages. Pricing starts at $1.19 million.

“400 Lake at Asbury Park offers a unique opportunity to live in a vibrant coastal community while enjoying the high-quality craftsmanship and luxury design that Toll Brothers is known for,” said Jill Sarcia, Division President of Toll Brothers in New Jersey. “Home shoppers won’t want to miss the opportunity to own a beautiful home in this iconic location just steps from the shore.”

Residents of 400 Lake at Asbury Park will enjoy a convenient location just steps to Wesley Lake, Asbury Park Beach, and the historic Asbury Park Boardwalk featuring shopping, dining, and entertainment, including renowned music venues, The Stone Pony and The Wonder Bar. The community is also within walking distance to the restaurants and shops along Cookman Avenue.

Home shoppers will experience one-stop shopping at the Toll Brothers Design Studio. The Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. Move-in ready and quick move-in homes with designer-appointed features are also available in the community, allowing home buyers the opportunity to move into their new dream home this Spring. For more information on 400 Lake at Asbury Park, home shoppers are invited to call (844) 834-5263 or visit TollBrothers.com/NJ.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. 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, ©2026 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/f78e0e1e-8c59-4304-b0b5-8e5480ca5b03

https://www.globenewswire.com/NewsRoom/AttachmentNg/140a0ed0-e71d-461b-a4c1-5e85ba4e50be

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What homes are available at 400 Lake at Asbury Park from Toll Brothers (TOL)?

Direct answer: 400 Lake offers 3- and 4-story townhomes with 2–4 bedrooms and 2.5–3.5 bathrooms. According to the company, floor plans range from 1,625 to 2,108+ square feet with 1–2 car garages and rooftop terraces overlooking ocean and lake views.

How much do townhomes start at 400 Lake at Asbury Park (TOL) and what does that include?

Direct answer: Pricing starts at $1.19 million for homes at 400 Lake at Asbury Park. According to the company, that base pricing applies to new luxury townhomes offering designer-appointed features, access to the Toll Brothers Design Studio, and proximity to the beach and boardwalk.

When can buyers move into homes at 400 Lake at Asbury Park by Toll Brothers (TOL)?

Direct answer: Move-in ready and quick move-in homes are available, with opportunities to occupy in Spring. According to the company, select homes include designer-appointed finishes and the option to personalize choices through the Toll Brothers Design Studio before moving in.

Where is the Toll Brothers sales center for 400 Lake at Asbury Park (TOL) located?

Direct answer: The Toll Brothers Sales Center is located at 400 Cookman Avenue in Asbury Park, New Jersey. According to the company, visitors can tour model homes, review floor plans, and consult Design Consultants in person to customize selections.

How can prospective buyers contact Toll Brothers about 400 Lake at Asbury Park (TOL)?

Direct answer: Prospective buyers can call (844) 834-5263 or visit TollBrothers.com/NJ for information. According to the company, the website and sales center provide community details, floor plans, pricing, availability, and options for move-in ready homes.