Toll Brothers Acquires 8.48 Acres In Palm Springs For $10.3M

Toll Brothers has purchased 8.48 acres of land in Palm Springs for $10.3 million. The property, located at 4221 Lumina Way, will be developed into the Escena single-family housing community. This luxury development will consist of 40 homes ranging from 2,500 to 2,700 square feet. Residents will enjoy amenities such as a pool, spa, and convenient access to the Escena Golf Club and downtown Palm Springs.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $10,300,000
• Address: 4221 Lumina Way
• Market: Palm Springs
• Buyer: Toll Brothers - Doug Yearley
• Seller: EMP2 LLC

Toll Brothers, led by Doug Yearley, made the strategic decision to invest in this prime piece of land in Palm Springs. The development of the Escena community will offer high-end living options to residents, with luxury homes and desirable amenities. The proximity to the Escena Golf Club and downtown Palm Springs adds to the appeal of this project. This acquisition showcases Toll Brothers' commitment to providing top-quality homes in sought-after locations.