5001 McGregor LN, Dripping Springs, TX 78620 (MLS # 6354101)

Price $5,249,000
Status Active
Beds 5
Baths 7 Baths
Home size 10,250 sqft
Lot Size 10.00 ac
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.
Property Type(s): Single Family
Last Updated 4/9/2025 Tract Vista West Ranches Unfiled
Year Built 2003 Community Vista West Ranches Unfiled
County Hays

SCHOOLS

Elementary School Dripping Springs
Jr. High School Dripping Springs Middle
High School Dripping Springs

Additional Details

APPLIANCES Electric Oven, Free-Standing Electric Range, Microwave
AREA HD
BARN/EQUESTRIAN Yes
CONSTRUCTION HardiPlank Type, Stone
LOT 10 acre(s)
LOT DESCRIPTION Waterfall
PARKING Aggregate, Gated, Gravel
POOL Yes
POOL DESCRIPTION Private
STORIES 1
SUBDIVISION Vista West Ranches Unfiled
TAXES 14562.29
UTILITIES Cable Available, Cable Connected, Electricity Connected, Propane, Water Available
VIEW Yes
VIEW DESCRIPTION Creek/Stream, Trees/Woods
WATERFRONT DESCRIPTION Stream

Location

 

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Property listed by Ben Morton, Moreland Properties
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 4/18/25 9:04 PM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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