$5,249,000

5001 Mcgregor Ln Dripping Springs, TX 78620

9 beds
5 full, 4 partial
10,250 sqft
10.0 acres
$512 / sqft
House

Property details

About 5001 Mcgregor Ln

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.

Highlights

Home typeOther
StatusActive
Size10,250 sqft
Lot size10 Acres
Year built2003
ParkingAggregate, Gravel, Gated
MLS #6354101
WaterfrontStream
ViewHills, Creek/Stream, Trees/Woods
Private poolYes

Summary

  • Partial Bathrooms: 4
  • Full Bathrooms: 5
  • Appliances: Electric Oven, Electric Range, Microwave
  • Total Bedroom Count: 9
  • Private Pool: Yes
  • Parking: Aggregate, Gravel, Gated
  • Waterfront: Stream
  • View: Hills, Creek/Stream, Trees/Woods
  • List Price: $5,249,000
  • Price/SqFt: $512
  • Annual Tax Amount: $15,269
  • Tax Year: 2024
  • Lot: Sprinklers, Waterfall
  • Directions: 290 West to McGregor Go north on Mcgregor, past Fitzhugh, on left
  • Year Built: 2003
  • Stories: 1
  • Living Area: 10,250 SqFt
  • Lot Size: 10 Acres
  • MLS Number: 6354101
  • MLS Name: ACTRIS
  • Office Name: Moreland Properties
  • Office Phone: (512) 263-3282
  • Listing Agent: Ben Morton

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 5/19/2025, 7:20:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of yard with fence

$5,249,000

5001 Mcgregor Ln

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$931,050$15,269
2023$1,011,180$15,130
2022$887,120$15,130

History based on county public records data.

Nearby schools

7

Dripping Springs Elementary School

Public District PK-5

5.7 mi

29400 Ranch Road 12

7

Walnut Springs Elementary School

Public District PK-5

6.4 mi

300 Sportsplex Dr

6

West Cypress Hills Elementary School

Public District KG-5

6.9 mi

6112 Cypress Ranch Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $75,410. Typical income of Dripping Springs, TX residents is between $35k-100k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

22%
<35k
45%
35k-100k
20%
100k-200k
13%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

22%
Single, No Kids
5%
Single, with Kids
42%
Married, No Kids
31%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
10%
12-17 yrs old
10%
18-34 yrs old
55%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

Frequently asked questions

About 5001 Mcgregor Ln

The listing price of 5001 Mcgregor Ln property is $5,249,000.

The property 5001 Mcgregor Ln is a house located in Dripping Springs, Texas, 78620.

Active Listing: 5001 Mcgregor Ln is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5001 Mcgregor Ln are: Dripping Springs Elementary School (GreatSchools Rating 7/10), Walnut Springs Elementary School (GreatSchools Rating 7/10), West Cypress Hills Elementary School (GreatSchools Rating 6/10), Dripping Springs Middle School (GreatSchools Rating 7/10), Lake Travis Middle School (GreatSchools Rating 9/10), Bee Cave Middle School (GreatSchools Rating 9/10), Dripping Springs High School (GreatSchools Rating 8/10), Pathfinder Camp (GreatSchools Rating 2/10), Lake Travis High School (GreatSchools Rating 8/10).

According to the records, the last property tax for 2024 is $15,269 (source: MLS/based on county public records data).

The property at 5001 Mcgregor Ln has 9 bedrooms and 5 full and 4 half bathrooms.

The property 5001 Mcgregor Ln is 10,250 SqFt (source: MLS/tax record).

The year of construction for 5001 Mcgregor Ln is 2003.

This home is located at 5001 Mcgregor Ln in Dripping Springs, TX and zip code 78620. This 10,250 square foot home, which was built in 2003, sits on a 10.00 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $5,249,000.

In April 2025, from all listings sold in Dripping Springs, TX there were more than 4 sold above asking price, over 18 sold below and more than 10 were sold right at the asked price. In April 2025 in Dripping Springs, TX there were 14.7% more homes for sale than in March. The median list price of listings available in April 2025 was $666,163, while the average time on the real estate market was 32 days.

From Rocket Homes Real Estate and based on county public records data.

More resources