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10-Unit Short-Term Rental Property

7000 McGregor Ln, Dripping Springs, TX 78620

For Sale
$3,150,000

A stone residence and ten guest units are served by on-site well, septic, and buried utility infrastructure.

Property Size2,148 SF
Lot Size46.00 Acres
Price / SF$1,466
Days on Market30

Property Features for 7000 McGregor Ln

General Information

Standard status Active
Size 2,148 SF
Lot size 46.00 Acres
Property subtype Farm/Ranch

Units

Unit Mix 1 x 2BR/1.5BA, 10 x 1BR/1BA
Multifamily Units 11

Additional Details

Utilities to Site Yes

Amenities

gated entrance
scenic loop trail
outdoor fire pits
hot tub
two-story deck
rooftop hammock

Building Details

Year Built 1985
Listing Agency: Keller Williams Realty Professionals
Listed By: Robin Barker
Source: Brandyerocca
Added: Oct 12 Changed: Nov 9 Last Checked: Nov 8 at 6:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Professionals

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Investment Insights

Based on property information with market context.

This 46-acre property in Dripping Springs includes a 2,148-square-foot natural stone residence, built in 1985, and ten climate-controlled short-term rental units. The 2-bedroom, 1.5-bath home features a stone fireplace, Saltillo tile, exposed beams, and covered porches. Its kitchen is currently used as reception and office space; plumbing and electrical connections remain in place. Each rental unit has a king bed, kitchenette, private bath, outdoor stone shower, two-story deck with hot tub, fire pit, and rooftop hammock. A gated entrance, perimeter fencing, creek crossing, loop trail, mature oak and pecan trees, and two outdoor fire pits are also on site.

Buried utilities extend more than 10,000 feet, with septic service to each unit. Water infrastructure includes a well and a 32,000-gallon catchment tank. Approximately 20 acres remain undeveloped. The property is in Dripping Springs ISD, about 20 minutes from downtown Dripping Springs and 15 minutes from Pedernales Falls State Park trailheads. Wineries, breweries, and wedding venues are nearby.

Key Highlights

  • 46 acres, with approximately 20 acres undeveloped
  • Ten climate‑controlled short‑term rental units, each with a king bed and private bath
  • Each unit includes a two‑story deck with hot tub, kitchenette, outdoor stone shower, fire pit, and rooftop hammock

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Skin Care Clinic Acupuncture Gym & Fitness Center Wine and Liquor Store Spa & Massage Center Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 78620, TX

20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - A stone residence and ten guest units are served by on-site well, septic, and buried utility infrastructure.
Where is this short term rental property located?
The property is located at 7000 McGregor Ln Dripping Springs, TX.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 46 acres, with approximately 20 acres undeveloped; Ten climate‑controlled short‑term rental units, each with a king bed and private bath; Each unit includes a two‑story deck with hot tub, kitchenette, outdoor stone shower, fire pit, and rooftop hammock
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