2629 THREE FALLS, Alpine, UT 84004
5BD/—BA Residential in Alpine, UT 84004. 10,095 sqft. Built 2021. Listed at $9,500,000. MLS #2163684.
5BD/—BA Residential in Alpine, UT 84004. 10,095 sqft. Built 2021. Listed at $9,500,000. MLS #2163684.
Situated within the exclusive Three Falls community, this exceptional estate was designed to embrace its surroundings while creating an extraordinary environment for family living and entertaining. Expansive walls of glass frame mountain views and fill the home with natural light, while natural stone and warm wood accents create a timeless architectural aesthetic. The main level is anchored by a dramatic great room with soaring ceilings and large sliding glass doors that open directly to the pool deck and outdoor living spaces. A beautifully appointed kitchen with butler's pantry, formal dining room, executive office, theater room, and luxurious primary suite complete the main level. Upstairs, four additional bedroom suites and a spacious family room provide comfortable accommodations and gathering spaces for family and guests. At the center of the property, a private courtyard features a resort-style pool and spa, covered outdoor living and dining areas, an outdoor kitchen, firepit, and retractable theater screen. A detached garage offers exceptional flexibility for vehicles, fitness, hobbies, and storage. Combining privacy, craftsmanship, and outstanding amenities, this is one of the most exclusive properties on the Wasatch Front.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
THREE FALLS
County
Utah
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1.34 sq ft
Above Grade Area
8,177 sq ft
Condition
Blt./Standing
MLS #
2163684
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
THREE FALLS
County
Utah
Zoning
Single-Family
Construction
Stone,Other
Lot Size
1.34 sq ft
Above Grade Area
8,177 sq ft
Condition
Blt./Standing
MLS #
2163684
List Price
$9,500,000
HOA Fees
$5,500 / Annually
Annual Taxes
$17,585
Home Warranty
No
List Price
$9,500,000
HOA Fees
$5,500 / Annually
Annual Taxes
$17,585
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Marble,Stone,Tile
Basement
Daylight
Materials
Stone,Other
Appliances
Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Hardwood,Marble,Stone,Tile
Basement
Daylight
Materials
Stone,Other
Appliances
Dryer,Freezer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Garage Spaces
10
Covered Spaces
10
Total Parking
10
Garage Spaces
10
Covered Spaces
10
Total Parking
10
Classification
Standard
Deal Score
45/100
vs Similar Homes
46% above
vs Market Median
109% above
Area Growth (YoY)
3.7%
Deal Score Breakdown
45/100
3.7% year-over-year ZHVI growth in this area
Priced 46% above the median of similar listings
Priced 109% above the per-subtype city median
LT net cashflow -$48,845/mo (-77.9% return on ownership cost) · STR net cashflow -$58,210/mo (-92.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$15,776/mo
Range: $8,184 – $23,367
Net Monthly Cash Flow
−$48,845 /mo (−$586,135/yr)
Monthly rental income
Monthly ownership cost
Coverage
25%
Net /mo
−$48,845
DSCR
0.29
Est. Annual Revenue
$77,448/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$58,210 /mo (−$698,515/yr)
Monthly STR income
Monthly ownership cost
Coverage
10%
Net /mo
−$58,210
DSCR
0.09
$1,485,000
+540% vs median
112 days
48
$650,000 – $24,995,000
$17,585
$5,500/annually
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