Toll Brothers, Inc. has announced the final opportunity for home shoppers to purchase a new home at Canopy Cottages in Redmond, Washington. Only four move-in ready homes remain available in this award-winning luxury community, priced from $1 million. The development offers a balance of luxury living and natural beauty within the highly desirable Rose Hill neighborhood.

Canopy Cottages features 26 two-story cottage-style homes situated around communal green spaces and a dense tree canopy. The final homes offer 1,259 square feet of living space with 2 to 3 bedrooms and 2 bathrooms. Architectural styles include craftsman, shingle, or farmhouse designs with inviting covered front porches. Interior finishes and Designer Appointed Features were selected at the Toll Brothers Design Studio.

Residents enjoy access to a private clubhouse with an outdoor event lawn and patio area. The community provides convenient access to casual and fine dining, world-class shopping, and recreational opportunities. Proximity to I-405 allows for an easy commute to major employers including Google and Microsoft, as well as employment centers in Kirkland, Redmond, and downtown Bellevue.

Home Specifications

Children living in the community attend schools in the Lake Washington School District, including Twain Elementary, Kirkland Middle, and Lake Washington High School. Canopy Cottages is located at 13468 NE 112th Place in Redmond and is open by appointment.

Barclays analyst Matthew Bouley has maintained an Underweight rating on Toll Brothers, while raising the price target from $115 to $122. The revision reflects an upward adjustment in the target valuation, even as the cautionary rating remains unchanged.

Analyst Rating Details

The key details of the rating action are summarized below:

Despite the upward revision in the price target, Barclays continues to maintain its Underweight stance on Toll Brothers, indicating that the firm's cautious outlook on the stock remains intact.