5001 McGregor Lane

Dripping Springs, TX 78620

$5,500,000
Price
5
Beds
5
Baths
4
1/2 Baths
10,250 Sq. Ft.
$537 / Sq. Ft.
10,250
Sq. Ft.
$537
per Sq. Ft.

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...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.
  1. Listed by Ben Morton • TREC #0723108 • Moreland Properties • (512) 263-3282

Property Details for 5001 McGregor Lane

Subdivision Name
Vista West Ranches Unfiled
Waterfront
No
Waterfront Description
Stream
Water Access Description
Stream
View
Hills, Creek/Stream, Trees/Woods
View YN
Yes
Parcel Number
1192600000015024
Elementary School
Walnut Springs

Location

Listing Courtesy of Moreland Properties, Ben Morton, TREC #0723108
Add your commute
LISTING UPDATED: 04/01/2024 09:06 AM

Property Details for 5001 McGregor Lane

StatusActive
MLS #7386493
Days on Market29
Taxes$15,269 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Other
Year Built2003
Lot Size10.00 AC / 435,600 SF
CountyHays County

Location

Listing Courtesy of Moreland Properties, Ben Morton, TREC #0723108
Add your commute

Building Information for 5001 McGregor Lane

Stories1Year Built2003Building Size-Lot Size10.00 AC / 435,600 SF

Payment Calculator

$31,288 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$1,272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5001 McGregor Lane

General Information
Parking
  • Parking Total: 90
  • Parking Features: Aggregate, Gravel, Gated
Interior
  • Restrictions: No Restrictions
Exterior
  • New Construction: No
  • Construction Materials: HardiPlank Type, Masonry, Stone
  • Patio And Porch Features: Rear Porch, Covered, Front Porch
  • Fencing: Barbed Wire, Fenced, Gate
  • Direction Faces: East
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Sprinklers In Ground, Sprinklers Partial, Trees Large Size, Waterfall
  • Horse: No
  • Horse Amenities: None
Utilities
  • Utilities: Cable Connected, Electricity Connected, Propane, Water Available
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Galley Kitchen
Room 2
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: Walk-In Shower
Room 3
  • Room Type: Bedroom
  • Room Level: Main
  • Room Features: Recessed Lighting
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $1,011,180
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.51%
Showing Information
Showing Information
  • Directions: 290 West to McGregor Go north on Mcgregor, past Fitzhugh, on left

Property History for 5001 McGregor Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5001 McGregor Lane

Taxable ValueLand$521,560Additions$489,620Total$1,011,180
Tax Record2022$15,131 ($1,261 / month)
Home Facts
Beds0Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtStories1Lot Size435,600 SqFtStyleSingle Family ResidenceCountyHAYSAPNR176040

Schools near 5001 McGregor Lane

This home is within Dripping Springs Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Walnut Springs Elementary School
PublicPK to 5

Dripping Springs Middle School
Public6 to 8

Dripping Springs High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5001 McGregor Lane is a single family home for sale in Dripping Springs, TX 78620. This property was listed for sale on April 1, 2024 by Moreland Properties, it's currently listed at $5,500,000. It has been on the market for a total of 29 days and was last sold on March 18, 2021. This listing's school district is Dripping Springs Independent School District. Nearby schools include Walnut Springs Elementary School, Dripping Springs Middle School and Dripping Springs High School. 5001 McGregor Lane is a 5-bed, 7-bath, 10,250 sqft single family home built in 2003.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Moreland Properties, Ben Morton, TREC #0723108

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.