diff --git a/crates/uv/src/commands/project/environment.rs b/crates/uv/src/commands/project/environment.rs
index e8ecc6bc6..73c0cfd91 100644
--- a/crates/uv/src/commands/project/environment.rs
+++ b/crates/uv/src/commands/project/environment.rs
@@ -10,7 +10,7 @@ use crate::commands::project::{
 use crate::printer::Printer;
 use crate::settings::ResolverInstallerSettings;
 
-use uv_cache::{Cache, CacheBucket};
+use uv_cache::{Cache, CacheBucket, Freshness};
 use uv_cache_key::{cache_digest, hash_digest};
 use uv_client::BaseClientBuilder;
 use uv_configuration::{Concurrency, Constraints, TargetTriple};
@@ -174,10 +174,13 @@ impl CachedEnvironment {
         // Search in the content-addressed cache.
         let cache_entry = cache.entry(CacheBucket::Environments, interpreter_hash, resolution_hash);
 
-        if let Ok(root) = cache.resolve_link(cache_entry.path()) {
-            if let Ok(environment) = PythonEnvironment::from_root(root, cache) {
-                return Ok(Self(environment));
-            }
+        if cache
+            .freshness(&cache_entry, None, None)
+            .is_ok_and(Freshness::is_fresh)
+            && let Ok(root) = cache.resolve_link(cache_entry.path())
+            && let Ok(environment) = PythonEnvironment::from_root(root, cache)
+        {
+            return Ok(Self(environment));
         }
 
         // Create the environment in the cache, then relocate it to its content-addressed location.
diff --git a/crates/uv/tests/it/tool_run.rs b/crates/uv/tests/it/tool_run.rs
index 26bd5d636..8c9bd6b4b 100644
--- a/crates/uv/tests/it/tool_run.rs
+++ b/crates/uv/tests/it/tool_run.rs
@@ -1,4 +1,4 @@
-use crate::common::{TestContext, uv_snapshot};
+use crate::common::{TestContext, make_project, uv_snapshot};
 use anyhow::Result;
 use assert_cmd::prelude::*;
 use assert_fs::prelude::*;
@@ -734,7 +734,7 @@ fn tool_run_cache() {
     Resolved [N] packages in [TIME]
     "###);
 
-    // Verify that `--refresh` allows cache reuse.
+    // Verify that `--refresh` invalidates the cached environment.
     uv_snapshot!(context.filters(), context.tool_run()
         .arg("-p")
         .arg("3.12")
@@ -742,7 +742,7 @@ fn tool_run_cache() {
         .arg("black")
         .arg("--version")
         .env(EnvVars::UV_TOOL_DIR, tool_dir.as_os_str())
-        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r"
+        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r###"
     success: true
     exit_code: 0
     ----- stdout -----
@@ -751,9 +751,17 @@ fn tool_run_cache() {
 
     ----- stderr -----
     Resolved [N] packages in [TIME]
-    ");
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + black==24.3.0
+     + click==8.1.7
+     + mypy-extensions==1.0.0
+     + packaging==24.0
+     + pathspec==0.12.1
+     + platformdirs==4.2.0
+    "###);
 
-    // Verify that `--refresh-package` allows cache reuse.
+    // Verify that `--refresh-package` invalidates the cached environment.
     uv_snapshot!(context.filters(), context.tool_run()
         .arg("-p")
         .arg("3.12")
@@ -762,7 +770,7 @@ fn tool_run_cache() {
         .arg("black")
         .arg("--version")
         .env(EnvVars::UV_TOOL_DIR, tool_dir.as_os_str())
-        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r"
+        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r###"
     success: true
     exit_code: 0
     ----- stdout -----
@@ -771,7 +779,15 @@ fn tool_run_cache() {
 
     ----- stderr -----
     Resolved [N] packages in [TIME]
-    ");
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + black==24.3.0
+     + click==8.1.7
+     + mypy-extensions==1.0.0
+     + packaging==24.0
+     + pathspec==0.12.1
+     + platformdirs==4.2.0
+    "###);
 
     // Verify that varying the interpreter leads to a fresh environment.
     uv_snapshot!(context.filters(), context.tool_run()
@@ -847,6 +863,79 @@ fn tool_run_cache() {
     "###);
 }
 
+#[test]
+fn tool_run_refresh_local_project() -> Result<()> {
+    let context = TestContext::new("3.12").with_filtered_counts();
+    let tool_dir = context.temp_dir.child("tools");
+    let bin_dir = context.temp_dir.child("bin");
+    let project_dir = context.temp_dir.child("local-tool");
+
+    make_project(
+        project_dir.path(),
+        "local_tool",
+        indoc! {r#"
+            [project.scripts]
+            local-tool = "local_tool:main"
+        "#},
+    )?;
+    project_dir
+        .child("src")
+        .child("local_tool")
+        .child("__init__.py")
+        .write_str(indoc! {r#"
+            def main():
+                print("v1")
+        "#})?;
+
+    uv_snapshot!(context.filters(), context.tool_run()
+        .arg("--from")
+        .arg(project_dir.as_os_str())
+        .arg("local-tool")
+        .env(EnvVars::UV_TOOL_DIR, tool_dir.as_os_str())
+        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+    v1
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + local-tool==0.1.0 (from file://[TEMP_DIR]/local-tool)
+    "###);
+
+    project_dir
+        .child("src")
+        .child("local_tool")
+        .child("__init__.py")
+        .write_str(indoc! {r#"
+            def main():
+                print("v2")
+        "#})?;
+
+    uv_snapshot!(context.filters(), context.tool_run()
+        .arg("--refresh")
+        .arg("--from")
+        .arg(project_dir.as_os_str())
+        .arg("local-tool")
+        .env(EnvVars::UV_TOOL_DIR, tool_dir.as_os_str())
+        .env(EnvVars::XDG_BIN_HOME, bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+    v2
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + local-tool==0.1.0 (from file://[TEMP_DIR]/local-tool)
+    "###);
+
+    Ok(())
+}
+
 #[test]
 fn tool_run_url() {
     let context = TestContext::new("3.12").with_filtered_counts();