Florida

Toll Brothers (NYSE: TOL) announced plans for *Veranda Bay*, a luxury gated waterfront community in Flagler Beach, Florida. Opening Q4 2025, it features 172 residences priced from the mid-$500k, with five floor plans (3-5 bedrooms, 2-4 bathrooms, 2-3-car garages). Located along the Intracoastal Waterway, the development will include marina docks, resort-style pools, tennis/pickleball courts, and fitness facilities. Strategically positioned between Jacksonville and Orlando, it targets affluent commuters and retirees. The project aligns with Toll’s Florida-focused strategy, leveraging pre-recession land acquisitions and watersports amenities to differentiate itself as coastal demand surges, following similar success at Balmoral Isles in Daytona.