8778 FALCON HEIGHTS, Sandy, UT 84093
4BD/—BA Residential in Sandy, UT 84093. 5,821 sqft. Built 2006. Listed at $2,150,000. MLS #2122851.
4BD/—BA Residential in Sandy, UT 84093. 5,821 sqft. Built 2006. Listed at $2,150,000. MLS #2122851.
Welcome to Falcon Cove-an exclusive gated community perched high on the Cottonwood Heights east bench-where this exceptional estate is set against the backdrop of Little Cottonwood Creek gently flowing adjacent to the backyard, creating a rare and serene waterfront setting, with full main floor living for those seeking comfort and convenience without compromise. Enjoy the peaceful sights and sounds of nature from your private walkway leading down to the stream-a truly charming retreat that sets this home apart. This refined estate offers 5,821 sq ft, 4 bedrooms, and 5 bathrooms, with soaring ceilings, rich hardwood floors, and a beautiful fireplace that sets the tone the moment you enter. Thoughtfully enhanced with a newer HVAC system (within 5 years), dual hot water heaters, and a whole-house scent system, the home blends comfort with elevated luxury. Designed for effortless living and entertaining, the home features a second kitchen, a movie theater, a spacious walkout lower level, and exceptional storage throughout. The upgraded Control4 home automation system-complete with new switches, amp, and in-ceiling speakers-offers seamless control of lighting, audio, and more. Multiple outdoor living spaces, including a deck with electric patio blinds, allow you to fully take in the tranquil creekside setting year-round. Professional landscape lighting beautifully illuminates the grounds at night, and custom-fitted Christmas lights (stored in the basement) make holiday decorating effortless. Recent roof upgrades and inspections add peace of mind. The gourmet kitchen showcases custom cabinetry, a massive island, and an open layout ideal for gatherings. The luxurious primary suite includes a spa-like bath with a jetted tub and separate shower. Set on a manicured .32-acre cul-de-sac lot with a 3-car garage, this home is minutes from four world-class ski resorts-including Snowbird and Alta-and close to fantastic restaurants, offering the ultimate blend of mountain adventure and everyday convenience. Quick access to Salt Lake International Airport completes the perfect location. Offered fully furnished-including artwork, dcor, kitchenware, and linens-this is a true turnkey opportunity... just bring your toothbrush. A rare opportunity to own a true creekside retreat along Little Cottonwood Creek in one of Cottonwood Heights' most coveted gated communities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
FALCON COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.32 sq ft
Above Grade Area
3,333 sq ft
Condition
Blt./Standing
MLS #
2122851
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
FALCON COVE
County
Salt Lake
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.32 sq ft
Above Grade Area
3,333 sq ft
Condition
Blt./Standing
MLS #
2122851
List Price
$2,150,000
HOA Fees
$625 / Monthly
Annual Taxes
$9,208
Home Warranty
No
List Price
$2,150,000
HOA Fees
$625 / Monthly
Annual Taxes
$9,208
Home Warranty
No
Heating
Forced Air,Gas: Central,Heat Pump
Cooling
Central Air,Heat Pump
Roof
Tile
Flooring
Carpet,Hardwood,Tile
Basement
Entrance,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central,Heat Pump
Cooling
Central Air,Heat Pump
Roof
Tile
Flooring
Carpet,Hardwood,Tile
Basement
Entrance,Full,Walk-Out Access
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
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
25/100
vs Similar Homes
51% above
vs Market Median
15% above
Area Growth (YoY)
2.9%
Deal Score Breakdown
25/100
2.9% year-over-year ZHVI growth in this area
Priced 51% above the median of similar listings
Priced 15% above the per-subtype city median
LT net cashflow -$8,200/mo (-54.2% return on ownership cost) · STR net cashflow -$11,784/mo (-77.8% 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.
Monthly Rent
$7,888/mo
Range: $5,759 – $10,017
Net Monthly Cash Flow
−$8,201 /mo (−$98,411/yr)
Monthly rental income
Monthly ownership cost
Coverage
52%
Net /mo
−$8,200
DSCR
0.64
Est. Annual Revenue
$57,572/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$11,784 /mo (−$141,411/yr)
Monthly STR income
Monthly ownership cost
Coverage
32%
Net /mo
−$11,784
DSCR
0.31
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$625,000
+244% vs median
49 days
207
$18,000 – $9,000,000
$9,208
$625/monthly
Moderate
9.7
per 1,000
32.1
per 1,000
8.1
per 1,000
49.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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