Sorry .. $750/each is what I meant .. but they actually are 779/each (+tax) right now. (not cheap, but about what I paid for 10-day no-expiration tickets before they stopped doing those in 2014).
So now that I've gotten personal opinions and anecdotes, so actually sitting down and doing the math:
Adult and 1 child annual pass total of : $2448.92 (including tax)
3 days of park hoppers is 361.95 (discounted price at
UT)
4 days of park hoppers is 431.95
So the way I see it, if you do two trips of 7 days total, the pass is worth it just for ticket price plus Memory Maker.
Trip one (3) Trip two (4-day hoppers)
$361.95 $431.95
$361.95 $431.95
$342.95 $410.95
---------- -----------
$1,066.85 $1,274.85
SUBTOTAL: $2341.70
+ $149 (Memory Maker)
TOTAL: $2,490.70
DIFFERENCE between this and Annual Pass: +$41.78
This doesn't count the discounts which could add an undetermined amount of value as well.
So, for my particular scenario, it seems like just from a straight up dollar amount, it is cheaper by at least $41 to go for 7 park-hoping days (in two separate trips) within one calendar year (save at least $140 more if you are going to stay offsite and utilize free parking), and just goes up in value from there the more days you go or as you utilize AP discounts.
If I wouldn't utilize the hopping during my stay (which I may not, with young kids, hopping is probably more trouble than its worth), then that number bumps up to probably 10 days as you could get 2 sets of 5-day non-hoppers for slightly cheaper. $378/each
Something to chew on.