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$ 5,249,000

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5001 McGregor LN Dripping Springs, TX 78620

9 Beds

9 Baths

10,250 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 10,250 sqft

Price per Sqft $512

Subdivision Vista West Ranches Unfiled

MLS Listing ID 6354101

Bedrooms 9

Full Baths 5

Half Baths 4

HOA Y/N No

Originating Board actris

Year Built 2003

Annual Tax Amount $14,562

Tax Year 2023

Lot Size 10.000 Acres

Acres 10.0

Property Sub-Type See Remarks

Property Description

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. 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. The local wedding industry is built by reputation, solid contacts with vendors and planners where the manager is well connected and established in the community and has built a solid reputation and book of business for Allegro.

Location

State TX

County Hays

Rooms

Main Level Bedrooms 9

Interior

Fireplace No

Appliance Microwave, Electric Oven, Free-Standing Electric Range

Exterior

Fence Barbed Wire, Fenced, Gate

Community Features None

Utilities Available Cable Connected, Electricity Connected, Propane, Water Available

Waterfront Description Stream

View Creek/Stream, Hill Country, Trees/Woods

Porch Covered, Front Porch, Rear Porch

Total Parking Spaces 90

Private Pool Yes

Building

Lot Description Sprinkler - Partial, Trees-Large (Over 40 Ft), Waterfall

Faces East

Level or Stories One

Structure Type HardiPlank Type,Masonry – Partial,Stone

New Construction No

Schools

Elementary Schools Dripping Springs

Middle Schools Dripping Springs Middle

High Schools Dripping Springs

School District Dripping Springs Isd

Others

Special Listing Condition Standard

Listed by Moreland Properties

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Broker | License ID: 9009739

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O1R Support

5001 McGregor LN Dripping Springs, TX 78620

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5001 McGregor LN