MARKET WIRE NEWS

Del Webb Announces Grand Opening of New Greater Palm Springs Community, Desert Retreat

MWN-AI** Summary

Del Webb, a prominent builder of active-adult communities for individuals aged 55 and older, has announced the grand opening of its latest development, Del Webb Desert Retreat, slated for November 15. Located in Indio, California, this new community highlights Del Webb's rich legacy in the Palm Springs area and offers residents luxury resort-style living amid picturesque mountain views.

The grand opening event will run from 10 AM to 2 PM, presenting attendees with the opportunity to explore ten luxurious model homes designed with the lifestyle preferences of active adults in mind. Del Webb Desert Retreat will feature the esteemed GenYou™ series, providing 10 distinct home plans from three unique collections. Homes will range from approximately 1,444 to 2,722 square feet and include 2-3 bedrooms and 2-2.5 bathrooms, with prices starting at $439,990.

The community's design focuses on vibrant social and recreational opportunities, complete with an array of athletic facilities, including dedicated courts for pickleball, tennis, and bocce ball, as well as a specialized putting green. Residents will benefit from a full-time lifestyle director who will curate a diverse social calendar.

At the heart of Del Webb Desert Retreat is a remarkable clubhouse with versatile spaces for relaxation and entertainment. The outdoor area features a resort-style pool and Jacuzzi, while the interior hosts a fitness center, social rooms, and luxurious amenities such as an indoor golf simulator.

For prospective buyers, this grand opening signifies both a new lifestyle choice and a chance to be part of a welcoming community. Interested individuals can learn more or RSVP for the event by visiting DelWebb.com/DesertRetreat or calling (760) 756-4300.

MWN-AI** Analysis

Del Webb’s grand opening of the Desert Retreat community in Indio, CA, on November 15th presents an exciting opportunity for potential investors and buyers in the active adult real estate market. As the leader in this niche sector, Del Webb, a brand under PulteGroup Inc. (NYSE: PHM), boasts a robust reputation and a proven track record in constructing communities tailored for individuals aged 55 and older.

Analyzing the launch of Desert Retreat, several key indicators suggest strong market potential. The introduction of ten luxurious model homes, combined with early pre-sales indicating nine homes sold prior to the official opening, underscores high demand. The pricing starting at $439,990 for these ranch-style homes is competitive within the region, particularly when considering the extensive amenities offered, like pickleball and tennis courts, a state-of-the-art fitness center, and a resort-style clubhouse.

The location in Indio, a city known for its favorable climate and proximity to the lively Palm Springs area, enhances the community's appeal. This area has consistently attracted retirees seeking a vibrant lifestyle, which should bolster real estate values in the long term.

Investors should consider the strong trend of aging Baby Boomers seeking upscale, low-maintenance living options that encourage an active lifestyle. The amenities and community engagement orchestrated by a full-time lifestyle director can further enhance property desirability and resale value.

Moreover, the successful closeout of Del Webb Rancho Mirage signals robust consumer confidence and loyalty in Del Webb's developments. Over the next few months, attention should be paid to sales trends post-opening, as these will provide valuable insights into market behavior in the active adult demographic. Overall, Desert Retreat appears positioned for success, making it a worthwhile consideration for investors looking to capitalize on the growing demand in this sector.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Ten luxurious model homes set to open on November 15

Del Webb, the nation’s leading builder of active-adult communities for those 55 and older, today announced the grand opening of its newest community, Del Webb Desert Retreat. A Grand Opening event will take place on Saturday, November 15 th from 10 AM to 2 PM. Located in the highly sought-after city of Indio, CA, Desert Retreat continues Del Webb's long and successful history in the region, offering an exclusive, resort-style living experience defined by stunning mountain views and upscale amenities.

“This opening is especially meaningful as it marks Del Webb’s return to the Palm Springs desert region, where we have a long and successful history of creating resort-style communities,” said Norman Brown, president of PulteGroup’s Southern California division. “Our newest community, Del Webb Desert Retreat, is located across from the former Sun City Shadow Hills and follows the closeout of Del Webb Rancho Mirage in 2024. VIP pre-sales began November 1, and we’re excited to already have nine homes sold. An early sign of strong interest.”

Del Webb Desert Retreat features Pulte’s popular GenYou™ series, which includes 10 different plans from three distinct Home Collections. These thoughtfully designed single-family, ranch-style homes offer a high level of personalization, including options for golf cart garages, expanded great rooms, and gourmet kitchen configurations.

The homes within the gated community will range in size from approximately 1,444 to 2,722 sq. ft., offering flexible floor plans with 2-3 bedrooms and 2-2.5 bathrooms. Prices will start at $439,990.

The lively lifestyle at Del Webb Desert Retreat will revolve around a variety of athletic, social, and wellness amenities. The community is enhanced by beautiful neighborhood lakes and water features, along with scenic walking paths that offer daily opportunities for fitness and socializing.

For sports enthusiasts, Del Webb Desert Retreat will offer dedicated courts for a variety of activities, including multiple pickleball courts, tennis courts, and bocce ball courts, as well as a specialized putting green for golfers. The on-site, full-time lifestyle director will oversee the community’s social calendar.

The centerpiece of Del Webb Desert Retreat will be the stunning, multi-purpose clubhouse, which functions as the central gathering spot for residents. The outdoor area boasts a resort-style community pool and a relaxing Jacuzzi. Inside, residents can enjoy a state-of-the-art fitness center and aerobics studio, a spacious indoor great room with a fireplace for comfortable socializing, a large social room or ballroom for events, leisure rooms including an arts and cards room and a billiards room, along with unique amenities such as an indoor golf simulator and a convenient food and beverage bar.

An immersive video tour of the community and the many amenities can be viewed at youtube.com/watch?v=4_WIofrfILY .

Del Webb Desert Retreat is located at Avenue 40 and Jefferson Street in Indio. Interested buyers are invited to attend the grand opening event Saturday, November 15th from 10 AM to 2 PM and tour the stunning, fully-furnished model homes and sales pavilion. For more information, please visit DelWebb.com/DesertRetreat or call (760) 756-4300.

About Del Webb

Del Webb is a national brand of PulteGroup, Inc. (NYSE: PHM). Del Webb is the pioneer in active adult communities and America’s leading builder of new homes designed for pre-retirement and retirees. Del Webb builds consumer-inspired homes and communities for active adults ages 55+ who want to continue to explore, grow, and learn, socially, physically, and intellectually as they look forward to retirement. For more information on Del Webb, visit delwebb.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20251113416732/en/

Ally Boyle
office: 404.464.9060
Ally.Boyle@pultegroup.com

FAQ**

What are the key differentiators of Del Webb Desert Retreat compared to other active-adult communities developed by PulteGroup Inc. (PHM)?

Del Webb Desert Retreat stands out among PulteGroup's active-adult communities with its unique desert-themed lifestyle, tailored amenities, diverse social clubs, and proximity to outdoor recreational activities, all designed to foster vibrant, engaging living for residents.

How does the pricing strategy for homes at Del Webb Desert Retreat align with current market trends, particularly for PulteGroup Inc. (PHM)?

The pricing strategy for homes at Del Webb Desert Retreat aligns with current market trends by emphasizing competitive pricing and value-focused offerings that reflect PulteGroup Inc.'s (PHM) commitment to appealing to active adult buyers seeking affordability in a high-demand real estate market.

Given the early sales success, what strategies does PulteGroup Inc. (PHM) plan to implement to maintain momentum at Del Webb Desert Retreat post-opening?

PulteGroup Inc. plans to implement targeted marketing campaigns, enhance community engagement through events and activities, and utilize customer feedback to continuously improve offerings at Del Webb Desert Retreat to maintain momentum post-opening.

How does Del Webb Desert Retreat utilize wellness and social amenities to attract buyers, and what impact could this have on PulteGroup Inc. (PHM) in the active-adult market?

Del Webb Desert Retreat leverages wellness and social amenities to enhance community engagement and lifestyle appeal, potentially boosting PulteGroup Inc.'s market position and attractiveness in the active-adult sector through increased buyer interest and property demand.

**MWN-AI FAQ is based on asking OpenAI questions about PulteGroup Inc. (NYSE: PHM).

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