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  • Price cut: $100K (7/23)
    $1,499,900

    23351 Fm 150 W, Driftwood, TX 78619

    7beds
    2,644sqft
    : 
    $10,037/mo
    Get pre-qualified
    Single Family Residence
    Built in 1922
    2 Acres Lot
    $-- Zestimate®
    $567/sqft
    $-- HOA

    What's special

    Garden areasMultiple patiosMature trees
    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.*
    162 days
    |
    361
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Melony Coffman (512) 894-4043,

    Coffman Real Estate (512) 894-4043,

    Jeff Coffman (512) 964-6640,

    Coffman Real Estate

    Source: Unlock MLS,MLS#: 5040882MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 9
      • Full bathrooms: 7
      • 1/2 bathrooms: 2
      • Main level bedrooms: 1
      Heating
      • Central, Fireplace(s), Heat Pump
      Cooling
      • Ceiling Fan(s), Central Air, Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Electric Range, Electric Oven, Free-Standing Electric Oven, Range, Refrigerator, Stainless Steel Appliance(s)
      Features
      • Ceiling Fan(s), Beamed Ceilings, French Doors, Interior Steps, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Natural Woodwork, Primary Bedroom on Main, Washer Hookup
      • Flooring: Tile, Wood
      • Windows: Window Treatments
      • Number of fireplaces: 1
      • Fireplace features: Bedroom, Wood Burning
      Interior area
      • Total interior livable area: 2,644 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway, Gated, Paved
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Front Porch, Rear Porch
      • Exterior features: Garden, Private Yard, See Remarks
      • Pool features: None
      • Fencing: Fenced, Perimeter
      • Has view: Yes
      • View description: Hill Country, Rural
      • Waterfront features: None
      Lot
      • Size: 2 Acres
      • Features: Garden, Level, Native Plants, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)
      Details
      • Additional structures: Barn(s), Gazebo, Guest House
      • Parcel number: 1142190000001004
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Pillar/Post/Pier
      • Roof: Composition, Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1922

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public, See Remarks
      • Utilities for property: Electricity Connected, Internet-Cable, Water Available, Water Connected

      Community & HOA

      Community
      • Features: None
      • Subdivision: Howard Subdivison
      HOA
      • Has HOA: No
      Location
      • Region: Driftwood

      Financial & listing details

      • Price per square foot: $567/sqft
      • Tax assessed value: $1,273,800
      • Date on market: 3/6/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Price change$1,499,900-6.3%$567/sqft
        Source: Unlock MLS #5040882 Report a problem
        2/27/2026Listed for sale$1,599,900-15.3%$605/sqft
        Source: NTREIS #21190643 Report a problem
        12/7/2025Listing removed$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        11/16/2025Listed for rent$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        10/30/2025Listing removed$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        9/14/2025Listed for rent$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        5/23/2025Listing removed$1,890,000$715/sqft
        Source: NTREIS #20836259 Report a problem
        2/5/2025Listed for sale$1,890,000$715/sqft
        Source: NTREIS #20836259 Report a problem
        1/31/2025Listing removed$1,890,000$715/sqft
        Source: Unlock MLS #9493229 Report a problem
        10/28/2024Price change$1,890,000-5.5%$715/sqft
        Source: Unlock MLS #9493229 Report a problem
        9/5/2024Listed for sale$2,000,000$756/sqft
        Source: Unlock MLS #9493229 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $1,273,800
        2024$19,923 +3.6%$1,273,800
        2023$19,235 -1.9%$1,273,800 +10.8%
        2022$19,613 +72.5%$1,149,910 +82.8%
        2021$11,370 -2.3%$629,100 +1.1%
        2020$11,643 +20%$622,300 +25.8%
        2019$9,699 -2.6%$494,740 +2.5%
        2018$9,956 -0.4%$482,800 +0.2%
        2017$9,994 -0.8%$481,960
        2016$10,071 +217%$481,960 +2.3%
        2015$3,177 $470,970 +187.5%
        2014$3,177 $163,830 +2.6%
        2013-- $159,680
        2011-- $159,680
        2010-- $159,680 -2%
        2009-- $163,000 +4.8%
        2007-- $155,490 +6.5%
        2006-- $145,960 +3.5%
        2005-- $140,990 +1.2%
        2004-- $139,330 +1.2%
        2003-- $137,670
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78619

        Getting around

        6 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Walnut Springs
        • Middle: Dripping Springs Middle
        • High: Dripping Springs
        • District: Dripping Springs ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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