5001 Mcgregor Ln, Dripping Springs, TX 78620
Local realty services provided by:Better Homes and Gardens Real Estate Hometown



Listed by:ben morton
Office:moreland properties
MLS#:6354101
Source:ACTRIS
Price summary
- Price:$5,249,000
- Price per sq. ft.:$512.1
About this home
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.
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Home facts
- Year built:2003
- Listing Id #:6354101
- Updated:August 13, 2025 at 03:16 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:9
- Full bathrooms:5
- Half bathrooms:4
- Living area:10,250 sq. ft.
Structure and exterior
- Year built:2003
- Building area:10,250 sq. ft.
Schools
- High school:Dripping Springs
- Elementary school:Dripping Springs
Finances and disclosures
- Price:$5,249,000
- Price per sq. ft.:$512.1
- Tax amount:$14,562 (2023)
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