A luxury community near Tampa, Florida, is adding townhouses as the market shows signs of shaking off its sluggishness.
Pennsylvania-based developer Toll Brothers said it has launched the Townes Collection at Montrose at Innisbrook, its gated community in the Gulf Coast town of Palm Harbor, Florida.
The townhouses are available in five two-story floorplans that range from 2,097 to 2,281 square feet and contain two to four bedrooms and 2.5 to 3.5 bathrooms. The county club-style neighborhood offers access to three championship golf courses, with views of the renowned Copperhead course from some homes in the Townes Collection.
Brian O’Hara, Tampa division president for Toll Brothers, said in a statement that the new townhouses offer “a unique opportunity for a vacation home or seasonal low-maintenance townhome with beautiful golf course and preserve views.”
Prices for the townhouse in the Townes Collection start at $571,995, according to the company’s website. Prices for single-family homes in the community’s Highbridge Collection start at $883,995, and at $1.06 million in the Torrance Collection.
Toll Brothers' launches comes as the median homes sales price in metropolitan Tampa rose in August by 0.8% year-over-year to $378,000, the first annual price increase in four months, according to Homes.com data. The median price for detached homes was $400,000, up 0.3% over the previous year, while attached homes had a median price of $284,300, which was a 3.6% drop.
The inventory of homes for sale in the Tampa metropolitan area has remained over 20,000 for the past six months, according to Homes.com. Listings were up 15% compared to August 2024.
“After months of inventory at elevated levels, buyers have more choices and are facing far less competition,” said Michelle Rumore, Homes.com director of analytics for the region. “The level of inventory has tempered price growth over much of this year. While home prices have inched up slightly compared to last year, they’ve mostly been unchanged in recent months.”