Dripping Springs, TX 78620 5001 McGregor Ln

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Presented By: Moreland Properties; (512) 263-3282
  • MLS# 7386493
  • 04/01/2024
  • Request Tour
  • Request Info
  • Beds • 5
  • Full/Half Baths • 5 / 4
  • SQFT • 10,250

Home Details

Allegro Wedding and Events is a recently launched and operating venue with new business branding, located in Dripping Springs, the Texas Hill Country area known as “The Wedding Capital of Texas”. Allegro combines Hill Country beauty with Austin chic, just 37 minutes from downtown. The venue sits on 10 acres of unrestricted ridge-top land with 5-mile views to the west overlooking open ranches and the Texas Hill Country. The property consists of over 10,250 SF of indoor improvements, manicured grounds and exterior entertainment areas under live oaks. The current property owners have recently renovated with upscale Hill Country chic decor and elegant touches throughout. 5 newly decorated and furnished guest cottages have been added to the grounds offering overnight accommodations for up to 17 guests for all seasons. Estimated net operating income is approximately $400,000 for the year 2023 based on the current confirmed wedding and cottage bookings. There is potential to increase revenue by booking weddings on Sundays and weekdays, and offering mini-weddings and corporate and private parties and other events. The venue is positioned at the high-end of the market, and only one of a couple of venues offering a one-stop wedding experience, with a story-book chapel and a variety of airconditioned indoor, and scenic outdoor entertainment and celebration spaces. In addition to the real estate, the business, Allegro name and current bookings will transfer with the sale. The current manager played a key role in building the business and event bookings to support the pro-forma NOI.
Presented By: Moreland Properties; (512) 263-3282

Interior Features for 5001 McGregor Ln

Bedrooms

Main Level Bedrooms5
Total Bedrooms5

Bathrooms

Full Baths5
Half Baths4
Total Baths9

Other Interior Features

LivingAreaSourcePublic Records
Street SuffixLN

General for 5001 McGregor Ln

Additional Parcels Y/NNo
AppliancesMicrowave, Electric Oven, Free-Standing Electric Range
CityDripping Springs
Community FeaturesNone
Construction MaterialsHardiPlank Type, Masonry – Partial, Stone
CountyHays
Directions290 West to McGregor Go north on Mcgregor, past Fitzhugh, on left
DisclosuresSeller Disclosure, Seller Provided Survey Available
Elementary SchoolWalnut Springs
Facing DirectionEast
HOA / Comm AssnNo
High SchoolDripping Springs
LevelsOne
Lot Size Square Feet435600
MLS AreaHD
Middle/Junior High SchoolDripping Springs Middle
New ConstructionNo
Other StructuresBarn(s), Gazebo, Guest House, Second Residence, Workshop
Patio/Porch FeaturesCovered, Front Porch, Rear Porch
Property ConditionResale
Property SubTypeSee Remarks
Property TypeResidential
Standard StatusActive
StatusActive
Street NameMcGregor
Subdivision NameVista West Ranches Unfiled
Tax Annual Amount15269.02
Tax Assessed Value1011180
Tax Year2023
UtilitiesCable Connected, Electricity Connected, Propane, Water Available
ViewCreek/Stream, Hill Country, Trees/Woods
Virtual TourClick here
Waterfront FeaturesStream
Waterfront Y/NNo
Year Built2003
Year Built SourcePublic Records

Exterior for 5001 McGregor Ln

FencingBarbed Wire, Fenced, Gate
Horse Amenities None
Horse Y/NNo
Lot FeaturesSprinkler - Partial, Trees-Large (Over 40 Ft), Waterfall
Lot Size Acres10
Parking FeaturesAggregate, Gated, Gravel
Total Parking90

Additional Details

Price History

Schools

High School Dripping Springs High School
Elementary School Walnut Springs Elementary School
Middle School Dripping Springs Middle

Lynnette Gonzalez

REALTOR® | Helping You Find Your Dream Home
Price $5,500,000
MLS#7386493
List Date 04/01/2024
Property Type Single Family
Phone 512.537.8429
Request Tour
Request Info
Visit My Website

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