1416 FARM MEADOW, Millcreek, UT 84117
5BD/—BA Residential in Millcreek, UT 84117. 4,708 sqft. Built 1991. Listed at $1,499,900. MLS #2158985.
5BD/—BA Residential in Millcreek, UT 84117. 4,708 sqft. Built 1991. Listed at $1,499,900. MLS #2158985.
Nestled within the coveted Quail Meadow community, this nearly 4,800 sq. ft. luxury residence has been completely reimagined through an extensive high-end renovation where every detail was intentionally designed and expertly curated. Offering 5 bedrooms, 3.5 bathrooms, a 3-car garage with rare oversized height, and exceptional entertaining spaces throughout, this home delivers the scale, sophistication, and craftsmanship expected at the highest level. A dramatic first impression unfolds the moment you enter. Soaring two-story ceilings span the grand entry, formal living room, formal dining room, and statement staircase, creating an immediate sense of openness and architectural presence rarely found in the area. Thoughtful designer finishes, elevated lighting, custom details, and intentional design elements carry throughout every inch of the home. At the heart of the residence is a truly stunning chef's kitchen designed for both everyday luxury and entertaining. Quartzite countertops, custom cabinetry, a statement 48-inch professional gas range, and a striking stone-wrapped hood create a space that is as functional as it is beautiful. Seamlessly hidden behind custom cabinetry lies one of the home's standout features, a concealed butler's pantry offering additional prep, storage, and entertaining space. The thoughtfully designed main floor offers formal and casual gathering spaces alike, including elegant formal living and dining rooms, a spacious breakfast area, a warm family room anchored by a fireplace, and an expansive laundry room. Upstairs, the primary suite offers a true retreat experience. The spa-inspired bathroom features a freestanding soaking tub, oversized custom-tiled shower, and elevated designer finishes throughout. The oversized custom walk-in closet, complete with a center island and dedicated stackable washer and dryer hookup was designed with both luxury and convenience in mind. Two additional generously sized bedrooms and a full bathroom with custom tile complete the upper level. The fully finished lower level expands the home's versatility with two additional bedrooms, a full bathroom, an expansive family room, and a full second kitchen, ideal for entertaining, extended guests, or multigenerational living. Located on Millcreek's desirable east side with convenient access to world-class skiing, hiking, downtown Salt Lake City, dining, and recreation, this is a rare opportunity to own a fully transformed luxury residence where timeless design meets modern living.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MEADOWS
County
Salt Lake
Zoning
Single-Family
Construction
Asphalt,Brick,Stucco
Lot Size
0.18 sq ft
Above Grade Area
3,095 sq ft
Condition
Blt./Standing
MLS #
2158985
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MEADOWS
County
Salt Lake
Zoning
Single-Family
Construction
Asphalt,Brick,Stucco
Lot Size
0.18 sq ft
Above Grade Area
3,095 sq ft
Condition
Blt./Standing
MLS #
2158985
List Price
$1,499,900
Original Price
$1,549,900
HOA Fees
$150 / Annually
Annual Taxes
$5,090
Home Warranty
No
List Price
$1,499,900
Original Price
$1,549,900
HOA Fees
$150 / Annually
Annual Taxes
$5,090
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Asphalt,Brick,Stucco
Appliances
Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Asphalt,Brick,Stucco
Appliances
Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
10/100
vs Similar Homes
46% above
vs Market Median
28% above
Area Growth (YoY)
0.6%
Deal Score Breakdown
10/100
Priced 46% above the median of similar listings
Priced 28% above the per-subtype city median
0.6% year-over-year ZHVI growth in this area
LT net cashflow -$2,896/mo (-28.9% return on ownership cost) · STR net cashflow -$6,441/mo (-64.3% 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.
Monthly Rent
$8,087/mo
Range: $5,014 – $11,160
Net Monthly Cash Flow
−$2,896 /mo (−$34,751/yr)
Monthly rental income
Monthly ownership cost
Coverage
81%
Net /mo
−$2,896
DSCR
0.94
Est. Annual Revenue
$61,228/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$6,441 /mo (−$77,287/yr)
Monthly STR income
Monthly ownership cost
Coverage
51%
Net /mo
−$6,441
DSCR
0.47
Elementary
Hill ViewMiddle School
BonnevilleHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$632,700
+137% vs median
44 days
123
$214,000 – $4,495,000
$5,090
$150/annually
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