Toll Brothers certainly has a reputation for building solid luxury homes. Looking at its other home offerings throughout SoCal, it looks like Toll is targeting the 900k price range. They’ll probably have the starting price at $899,995 or something so they can say they are starting in the “high 800ks.”
Given that Serenity from Brookfield has been able to sell at 900k to 1 million, Toll Bros should be able to do the same as well.
checking the property tax site, each lot is taxed at the assessed value of $358k. Assuming that’s the Toll Bros purchase price, this should pencil out for them.
question is can they sell all 71 homes before the interest rate start rising.
