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Benton Morton
Moreland Properties
512-689-2564
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.
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Total Bedrooms : 5
Total Baths: 9
Full Baths: 5
Half Baths: 4
10250
Total Rooms: 5
Property Appliances: Electric Oven,Free-Standing Electric Range,Microwave
Year Built: 2003
Construction: HardiPlank Type,Masonry,Stone
Fencing: Barbed Wire,Fenced,Gate
Patio And Porch Features: Patio
View: Hills,Creek/Stream,Trees/Woods
Window Features: Blinds
Laundry Features: Laundry Room
Lot Description: Sprinklers In Ground,Sprinklers Partial,Trees Large Size,Waterfall
Lot Size Acres: 10
SQ ft: 10,250
Subdivision: Vista West Ranches Unfiled
Directions: 290 West to McGregor Go north on Mcgregor, past Fitzhugh, on left
Source Property Type: Residential
Property SubType: Other
Area: HD
Source Neighborhood: Vista West Ranches Unfiled
Total Square Feet Living: 10250
Pool Private: Yes
Property Age: 21
Utilities: Cable Connected,Electricity Connected,Propane,Water Available
Original List Price: $5,500,000
Parcel Number: 1192600000015024
Association: No
Community Features: None
Elementary School: Walnut Springs
Middle/Junior High School: Dripping Springs Middle
Senior High School: Dripping Springs
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5818 FM 165, Dripping Springs, TX,78620 | $749,866 | -- | -- | -- | 11.735 Acres |
1000 Norwood Road, Dripping Springs, TX,78620 | $800,000 | -- | -- | -- | 13.173 Acres |
427 Creek Road, Dripping Springs, TX,78620 | $725,000 | -- | -- | -- | 2.04 Acres |
256 Gaucho Way, Dripping Springs, TX,78620 | $1,396,785 | 4 | 3 | 3,211 | 1.58 Acres |
2552 Mcgregor Lane #B, Dripping Springs, TX,78620 | $849,900 | -- | -- | -- | 12.284 Acres |
1910 Prochnow Road, Dripping Springs, TX,78620 | $3,350,000 | 3 | 3 | 2,819 | -- |
2-R1 Las Colinas Drive, Dripping Springs, TX,78620 | $1,230,000 | -- | -- | -- | -- |
1A-R Las Colinas Drive, Dripping Springs, TX,78620 | $995,000 | -- | -- | -- | -- |
2-R2 Las Colinas Drive, Dripping Springs, TX,78620 | $1,025,000 | -- | -- | -- | -- |
TBD Las Colinas Drive, Dripping Springs, TX,78620 | $3,250,000 | -- | -- | -- | -- |
The information being provided by ACTRIS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by ACTRIS.
ByOwner last updated this listing 05/04/2024 @ 12:19
MLS: 7386493
LISTED BY: Benton Morton, Moreland Properties
SOURCE: ACTRIS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.