Toll Brothers has commenced site work on Heardmont Farms, its newest luxury home community in Cumming, Georgia, with sales slated to begin in spring 2026. The project will feature 58 single-family residences ranging from 3,393 to 4,674 square feet, each with gourmet kitchens, three-car garages and optional basements or multigenerational suites. Homes will start at approximately one million dollars, targeting affluent move-up buyers in the Atlanta metro area. Resort-style amenities—including a pool, cabana, scenic pocket park, fire pit and clubhouse—are designed to enhance the community’s appeal against competitors in Forsyth County, an area that recorded 12% year-over-year home price appreciation in 2025 and maintains vacancy rates below 3%.

Heardmont Farms supports Toll Brothers’ strategy of capitalizing on high-end suburban markets where buyers demonstrate greater resilience to rising interest rates. The community’s price points and premium features align with the company’s shift toward larger-footprint homes, which represented 62% of U.S. deliveries in its last fiscal year. With land costs in Forsyth County averaging $150,000 per lot and construction costs near $300 per square foot, the project is expected to deliver healthy gross margins in line with the company’s historical 22% average for luxury single-family builds. Toll Brothers’ robust liquidity position—over $1.2 billion of cash and equivalents as of Q4 2025—and its longstanding access to capital markets underpin the funding for this development, which should begin contributing to revenue in the second half of 2026.