Toll Brothers is building the first 55-and-over neighborhood in the nearly 30-year history of a Houston-area development.
Regency at Sienna is estimated to open in 2026 at Sienna, a 10,800-acre, master-planned community in Missouri City, Texas, about 20 miles southwest of Houston. Pricing for the more than 300 single-family homes Toll plans to build is expected to start in the upper $400,000s, the company said.
About 12,000 homes already have been occupied at Sienna since it launched in 1997, according to master developer Johnson Development. Roughly 3,000 more are set to be built by 2030, the company said.
Sienna sold 585 homes last year, ranking the development No. 22 on a list of the top-selling master-planned communities in the country, according to consulting firm RCLCO. Its sales pace so far this year has slowed, with the 227 sales. That's down 27% from the same period in 2024, RCLCO said in a midyear update.
Houston is becoming a buyer's market with the number of active listings setting records. Still, some prospective buyers are hesitant, given slower job growth and economic uncertainty, according to Itziar Aguirre, a senior director of market analytics for Homes.com and CoStar.
"We saw a surge in housing construction in Houston coming out of the pandemic due to strong demand and population growth, and developers may have overbuilt, particularly in the condo market and townhomes, where prices are falling the fastest," Aguirre said.
Toll's Regency at Sienna homes will have one-story floor plans and various aging-in-place features, according to the builder. Toll said the neighborhood also will include a private amenity center for residents.
“Sienna is meant to be a place where people can buy their first home and move up or down as life’s changes demand," Sienna General Manager Alvin San Miguel said in a statement. "The addition of an active-adult neighborhood helps us fulfill that vision.”
Fort Washington, Pennsylvania-based Toll sold 10,813 homes last year, ranking 10th among homebuilders nationwide, according to Builder magazine.
