Toll Brothers Announces New Master-Planned Community Coming Soon to Richmond, Texas
Rhea-AI Summary
Toll Brothers (NYSE:TOL) is launching Evergrove, a new master-planned community in Richmond, Texas, with site work underway and sales expected to open in fall 2026. Homes will range from 1,880 to over 6,100 sq ft on 45- to 80-foot lots, priced from the mid-$400,000s to mid-$900,000s. Onsite amenities include a fitness center, pool, fishing pond, parks, and access to top-rated Lamar Consolidated ISD schools. Toll Brothers offers a Design Studio for buyers to personalize homes. For more information, Toll Brothers provided a contact number and website for the interest list.
Positive
- Homes priced from mid-$400,000s to mid-$900,000s
- Floorplans range 1,880–6,100+ sq ft
- Sales expected to open Fall 2026
- Site work underway at FM 723 & Old Pecan Road
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
TOL shows a modest 0.71% gain while key peers are mixed: NVR at -0.66%, PHM at -0.79%, DHI at -0.19%, LEN at -0.8%, and TMHC at -0.32%, with momentum data showing NVR down 4.17% and TMHC up 6.79%.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | New TX community | Positive | +0.1% | Announcement of Furst Ranch luxury community near Dallas with large homesites. |
| Feb 11 | Model grand opening | Positive | +0.1% | Chapel Oaks model home grand opening with high-end pricing near Chapel Hill. |
| Feb 10 | New TN community | Positive | +5.9% | Announcement of Sagebrook community in Nolensville with 26 luxury homes. |
| Feb 10 | New GA designs | Positive | +5.9% | Two new home designs at Jason's Walk expanding plan options in Georgia. |
| Feb 09 | New CA community | Positive | -0.7% | Announcement of Crestmoor Estates master-planned community in San Bruno, California. |
Recent community and product launch news has usually seen small positive or modestly mixed price reactions, with one notably stronger positive reaction.
Over the past week, TOL has repeatedly announced new luxury communities and home designs across multiple states, including Texas, North Carolina, Tennessee, Georgia, and California. Most of these community-launch announcements produced small positive moves around 0.12%, with one pair of design/community updates linked to a stronger 5.92% reaction and one San Bruno launch tied to a -0.67% move. Today’s Evergrove launch in Richmond, Texas continues this pattern of geographic expansion and master-planned development.
Market Pulse Summary
This announcement adds another master-planned community, Evergrove in Richmond, Texas, to Toll Brothers’ expanding portfolio, featuring homes from 1,880–6,100+ sq ft and pricing from the mid-$400,000s to mid-$900,000s. It follows a series of recent community launches across multiple states, underscoring continued geographic growth. Investors may watch future updates on sales timing, absorption in fall 2026, and how these projects contribute to overall volumes and margins.
AI-generated analysis. Not financial advice.
Evergrove will offer modern home designs and luxury amenities in a prime Fort Bend County location
RICHMOND, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Toll Brothers Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced a new Houston-area master-planned community, Evergrove, is opening later this year in Richmond, Texas. This vibrant community will feature contemporary home designs on spacious home sites with an array of onsite amenities designed to elevate daily living. Site work is underway at Farm to Market Road 723 and Old Pecan Road in Richmond, and the community is expected to open for sale in fall 2026.
Evergrove features a lush, natural setting with beautiful Jones Creek winding through the community. Toll Brothers will offer five collections of modern home designs in Evergrove with versatile floor plans ranging from 1,880 to over 6,100 square feet of luxury living space on 45- to 80-foot-wide home sites. Homes in Evergrove will be priced from the mid-
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.
"We are thrilled to unveil a variety of new home collections coming soon to Evergrove, a new master-planned community designed to inspire and elevate the lifestyles of our home shoppers," said Brian Murray, Division President of Toll Brothers in Houston. "With its exceptional location, modern home designs, and outstanding amenities, Evergrove will offer the best in luxury living."
Residents of Evergrove will enjoy onsite amenities including a fitness center, pool, fishing pond, and parks, all set amidst the area's picturesque prairies. The community’s location provides convenient access to upscale shopping centers, golf courses, fine dining, and more. Students residing in Evergrove will have the opportunity to attend top-rated schools within the Lamar Consolidated Independent School District, offering an exceptional education experience.
For more information and to join the Toll Brothers interest list for Evergrove, call (833) 289-8655 or visit TollBrothers.com/TX.
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.
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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/6e0fa0ba-9c0b-4766-b372-0670adde7d49
https://www.globenewswire.com/NewsRoom/AttachmentNg/73026977-bf18-4d83-982d-327303851652
https://www.globenewswire.com/NewsRoom/AttachmentNg/2ad7789e-3bf0-4b58-ae71-d4a8bd9e3406
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
FAQ
When will Toll Brothers (TOL) begin sales at Evergrove in Richmond, Texas?
What price range and home sizes will Toll Brothers (TOL) offer at Evergrove?
What amenities will Toll Brothers (TOL) include in the Evergrove community?
How can prospective buyers join the interest list for Toll Brothers (TOL) Evergrove?
Which school district will serve Toll Brothers (TOL) Evergrove residents in Richmond, Texas?
