5001 McGregor Lane
5001 McGregor Lane
$5,500,000
5
5
4
10,250
10,250
$537
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.
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.
- Listed by Ben Morton • TREC #0723108 • Moreland Properties • (512) 263-3282
Property Details for 5001 McGregor Lane
Subdivision Name
Vista West Ranches Unfiled
WaterfrontNo
Waterfront DescriptionStream
Water Access DescriptionStream
ViewHills, Creek/Stream, Trees/Woods
View YNYes
Parcel Number1192600000015024
Elementary SchoolWalnut Springs
Location
LISTING UPDATED: 04/02/2024 04:00 AM
Property Details for 5001 McGregor Lane
Status | Active |
---|---|
MLS # | 7386493 |
Days on Market | 73 |
Taxes | $15,269 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Other |
Year Built | 2003 |
Lot Size | 10.00 AC / 435,600 SF |
County | Hays County |
Location
Building Information for 5001 McGregor Lane
Stories1Year Built2003Building Size-Lot Size10.00 AC / 435,600 SF
Payment Calculator
$31,288 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5001 McGregor Lane
Property History for 5001 McGregor Lane
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.