Date
Details
Price
Change
Source
2/27/2026
Listed
$1,599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,599,900
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Property 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.*
Full Property Details
Full Property Details for 23351 Fm 150 W
General
- Price: $1,599,900
- Taxes: (2023)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5040882
- Updated: 3/6/2026
- Added to Site: 25 day(s) ago
Interior
- Interior Features: Beamed Ceilings, Open Beams/Beamed Ceailings, Ceiling Fan(s), Separate/Formal Dining Room, French Door(s)/Atrium Door(s), Interior Steps, Kitchen Island, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Natural Woodwork
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Bedroom, Wood Burning
- Appliances: Dishwasher, Electric Oven, Electric Range, FreeStandingElectric Oven, Range, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 7
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
- Bedrooms Main: 1
Other Rooms
- Laundry: Inside, Washer Hookup
Additional Information
- Shared Amenities: None
- Security/Safety: None
Exterior
- Exterior Features: Garden, Private Yard, See Remarks
- Porch/Patio/Deck: Rear Porch, Front Porch
Parking
- Total Spaces: 6
- Parking Features: Driveway, Gated, Paved
Location
- Area: HD
- County: Hays
- Subdivision: Howard Subdivison
- Driving Directions: 290 W TO RR12- LEFT ON 12- LEFT ON FM150- HOME ON RIGHT
- Direction Faces: North
School Information
- Elem School District: Dripping Springs ISD
- Midd School District: Dripping Springs ISD
- High School District: Dripping Springs ISD
- Elementary School: Walnut Springs
- Middle School: Dripping Springs Middle
- High School: Dripping Springs
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
- Heating Type: Central, Fireplace(s), Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Public, See Remarks
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, High Speed Internet Available, Water Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Roof: Composition, Shingle
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 2,644
- Sq. Ft. Source: Public Records
- Living Area: 2,644 Sq. Ft.
- Year Built: 1922
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Barn(s), Guest House, Gazebo, Living Quarters, See Remarks
Lot Features
- Property View: Hills, Rural
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Fence: Yes
- Lot Features: Garden, Level, Native Plants, Trees Medium Size
- Fencing (Description): Fenced, Perimeter
Financial Considerations
- Assessment Amount: $1,273,800
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Deed Restriction, Survey
- Legal Description: Lot 1, Block A, Howard Subdivision
- Disclosures/Reports: Lead Based Paint Disclosure, Other, Seller Disclosure
- Property ID: 1142190000001004
- Block: A
- Lot Number: 1
Listed by Coffman Real Estate
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Listing agents
— 23351 Fm 150 W —
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Schools
Schools serving 23351 Fm 150 W
School District:Dripping Springs Independent School District
| Name | Grades | Distance |
|---|---|---|
Walnut Springs Elementary School 113 Tiger Lane, Dripping Springs, TX 78620 | PK-5 | 3.1 mi |
Dripping Springs Middle School 111 Tiger Lane, Dripping Springs, TX 78620 | 6-8 | 3.3 mi |
Dripping Springs High School 940 W Hwy 290, Dripping Springs, TX 78620 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23351 Fm 150 W
Tax History
Tax History for 23351 Fm 150 W
Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,923
4%
$1,273,800
—
2023
$19,235
-2%
$1,273,800
—
2022
$19,613
—
$1,273,800
11%
2022
$19,613
72%
$1,149,910
83%
2021
$11,370
-2%
$629,100
1%
2020
$11,643
17%
$622,300
29%
2018
$9,956
—
$482,800
—
2017
$9,994
-1%
$481,960
—
2016
$10,071
2%
$481,960
2%
2015
$9,851
2%
$470,970
-5%
2019
$9,699
194%
$494,740
202%
2013
$3,294
—
$163,830
3%
2013
$3,294
—
$159,680
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23351 Fm 150 W
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23351 Fm 150 W, Driftwood, TX 78619 (MLS# 5040882) is a Single Family property with 7 bedrooms, 7 full bathrooms and 2 partial bathrooms. 23351 Fm 150 W is currently listed for $1,599,900 and was received on February 27, 2026. Want to learn more about 23351 Fm 150 W? Do you have questions about finding other Single Family real estate for sale in Driftwood? You can browse all Driftwood real estate or contact a Coldwell Banker agent to request more information.