23351 FM 150 W, Driftwood, TX 78619
Howard Subdivison · Hays County
Key Facts
Description
Prime opportunity just one minute from downtown Dripping Springs with high-visibility FM 150 frontage in the heart of one of Central Texas’ most dynamic growth corridors. Positioned on 2 level, usable acres with city water and an oversized septic system in place, this property offers the infrastructure and exposure ideal for immediate hospitality, event, office, or mixed-use commercial conversion. Previously operated as a successful bed and breakfast and event venue, the site is already optimized for income-producing operations. Its flexible configuration supports a wide range of concepts including a wedding/event venue, corporate retreat center, wellness facility, restaurant or cafe, boutique lodging, professional office suites with shared conference space, creative studio collective, or live/work development. Mature trees, multiple patios, and garden areas create natural settings for outdoor ceremonies, patio dining, event installations, and expanded gathering areas, while strong FM 150 traffic exposure and public road access enhance long-term visibility. With ample room for potential parking expansion, the site offers rare turnkey potential within the booming Driftwood/Dripping Springs corridor. The estate includes two substantial structures approximately 6,000+ sq ft: fully renovated 4 bedroom, 4 bath main building and converted historic barn guest hall featuring 3 bedrooms, 3 full baths, separate kitchen and living area, and expansive central hall designed for receptions, conferences, dining service, or large-scale gatherings. Each of the seven bedrooms includes a private full bath, allowing seamless conversion to executive offices, private therapy suites, short-term rental accommodations, or boutique hospitality units. *Buyer and Buyer's Agent are responsible for conducting all due diligence and verifying all information, including but not limited to: property condition, zoning, permits, taxes, capacity regulations, utility access and square footage.*
Property Information
Property Type
Residential
Year Built
1922
Living Area
2,644 sq ft
Lot Size
2.00 acres
Parking Spaces
6
Ownership
Fee-Simple
Days on Market
105
MLS® Listing#
5040882
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Windows
Other Structures
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Walnut Springs
- Middle:
- Dripping Springs Middle
- High:
- Dripping Springs
Financial Details
HOA
None
Annual Taxes
$19,235
Tax year 2023
Assessed Value
$1,273,800
Parcel Number
1142190000001004
Directions
290 W TO RR12- LEFT ON 12- LEFT ON FM150- HOME ON RIGHT
Affordability Calculator
$319,980
Estimated monthly payment
$8,515/mo
Principal $1,279,920 · Est. interest $1,785,602 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Driftwood, TX
- $1,000,000
- Median Listing Price
- 95
- Median Days on Market
- 3,224
- Median Sq Ft
- $367
- Median Price / Sq Ft
- 65
- Active Listings
- This home’s price is 60% above the area median.
- Its price per sq ft is 65% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Driftwood, TX.
Location
Points of Interest in Driftwood, TX
Showing the Driftwood area map.
Nearby Schools
Skybridge Academy
School · 0.9 mi away
Appamada School
Secondary · 0.9 mi away
Dripping Springs ISD
Elementary · 2.1 mi away
Walnut Springs Elementary
Elementary · 2.2 mi away
Dripping Springs High School
Secondary · 2.5 mi away
Sunrise Christian Schoolhouse
School · 2.8 mi away
Walnut Springs Elementary School
Elementary · 3.1 mi away
The Episcopal Church of the Holy Spirit
School · 3.2 mi away
Dripping Springs Elementary
Elementary · 3.6 mi away
Over Yonder Nature School
School · 4.1 mi away
Sycamore Springs Elementary
Elementary · 5.1 mi away
Primrose Schools
Elementary · 5.5 mi away
Rooster Springs Elementary School
Elementary · 6.3 mi away
The Prep School of Dripping Springs
School · 7.2 mi away
Escuela Hispanoamericana de Texas
School · 7.5 mi away
Shiksha USA
School · 7.6 mi away
School on the Rise
School · 7.9 mi away
Blue Hole Primary
Elementary · 9.4 mi away
St Stephen's Episcopal School
School · 9.4 mi away
Baldwin Elementary
Elementary · 9.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 609 S Creekwood DR, Driftwood, TX | $1,699,000 | 7 | 5 | 3,914 |
| 954 Covered Bridge DR, Driftwood, TX | $1,800,000 | 8 | 7 | 6,108 |
Moving Cost Estimate
EXIT Agents in Driftwood
Listing Courtesy: Coffman Real Estate - (512) 894-4043
Last Updated: 2026-02-27