Toll Brothers and Brookfield Residential Announce New Master-Planned Community Coming Soon to Covington, Washington
LakePointe Boulevard is planned to open to Highway 18 later in 2026, connecting the community to surrounding destinations.
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Rhea-AI Summary
Toll Brothers (NYSE:TOL) and Brookfield Residential announced LakePointe, a joint venture master-planned community coming to Covington, Washington, with site work underway. Toll Brothers anticipates sales will begin in mid-2027. The development will include six collections of single-family homes and townhomes, with Brookfield Residential designing the community.
Planned homes range from 1,204 to 2,878 square feet. Walking paths will connect residents to parks, green spaces, a future lake, retail and dining.
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.The LakePointe joint venture with Brookfield Residential adds a planned Toll Brothers community in Covington, Washington.
- Minor point. Forward-looking: it has not happened yet and may not happen.Site work is underway ahead of the sales launch Toll Brothers anticipates in mid-2027.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LakePointe will offer a lakeside lifestyle with modern homes and premier amenities just 35 minutes from downtown Seattle
COVINGTON, Wash., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) and Brookfield Residential today announced their joint venture master-planned community, LakePointe, is coming soon to Covington, Washington. Situated just 35 minutes from downtown Seattle in the desirable commuter corridor of King County, this exclusive community will offer contemporary single-family homes and townhomes by Toll Brothers in a scenic lakeside setting. Site work is underway at 25430 200th Lane SE in Covington, and sales are anticipated to begin in mid-2027.
The highly anticipated LakePointe master-planned community will bring contemporary single-family and townhome living to a picturesque lakeside location. Surrounded by parks, trails, and future walkable retail, Brookfield Residential has designed LakePointe as a dynamic, social neighborhood uniquely nestled in nature. The landmark opening of LakePointe Boulevard to Highway 18 later this year will connect residents to Seattle, Bellevue, SeaTac International Airport, Tacoma, and beyond, adding ease to commutes and making this community an ideal place to call home.
"We are thrilled to introduce LakePointe, a thoughtfully planned community that combines the beauty of lakeside living with the convenience of urban accessibility," said Todd Callahan, Regional President of Toll Brothers for the Pacific region. "With a wide variety of home designs, exceptional amenities, and an unbeatable location, LakePointe is set to redefine luxury living in south King County."
LakePointe will offer six distinctive collections of Toll Brothers homes, including 2- to 4-bedroom townhomes and 3- to 6-bedroom single-family homes, ranging from 1,204 to 2,878 square feet, all with 2-car garages. Walking paths will connect residents to community parks, green spaces, the future lake, retail, and dining, fostering a vibrant and connected lifestyle.
Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
To learn more about LakePointe and to join the Toll Brothers interest list, call 844-845-5263 or visit TollBrothers.com/WA.
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.
About Brookfield Residential
Brookfield Residential Properties ULC is a leading land developer and homebuilder in North America. The company entitles and develops land to create master-planned communities, builds and sells lots to third-party builders, and conducts its own homebuilding operations. Participation in select strategic real estate opportunities includes infill projects, mixed-use developments, and joint ventures. As the flagship North American residential property company of Brookfield Corporation (NYSE: BN; TSX: BN), Brookfield Residential is committed to excellence in residential development. Further information is available at BrookfieldResidential.com and BrookfieldResidentialLand.com.
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/f02acb24-bc25-4162-bf49-37f3e563bf67
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
FAQ
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When will Toll Brothers begin selling homes at LakePointe in Covington?
Toll Brothers anticipates sales at LakePointe will begin in mid-2027. Site work is already underway for the joint venture community with Brookfield Residential.