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Property Description
Strategic commercial or mixed-use opportunity approximately one minute from downtown Dripping Springs, offering prominent FM 150 frontage in a growing Central Texas corridor. Set on 2 level, usable acres, the property includes city water, an oversized septic system, public-road access, mature trees, patios, and garden areas. Existing improvements offer a flexible foundation for an owner-user, investor, or hospitality operator. Previously operated as a bed-and-breakfast and event venue, the property includes approximately 6,000+ square feet across two structures. The renovated main building offers four bedrooms and four full baths. A converted historic barn features three additional bedrooms, three full baths, a separate kitchen and living area, and an expansive central hall suitable for receptions, conferences, dining, training, or large gatherings. Seven private bedroom-and-bath suites offer possibilities for boutique lodging, professional offices, wellness or therapy suites, short-term accommodations, or live-work use. The gathering areas, patios, and landscaped grounds may also support an event venue, corporate retreat center, restaurant or café, creative studios, or multi-tenant professional space. High-visibility frontage provides valuable business exposure, while the acreage offers potential for additional parking, outdoor gathering areas, or future improvements. With existing infrastructure, versatile improvements, and close proximity to downtown Dripping Springs, this is a compelling opportunity in the Driftwood-Dripping Springs corridor. Buyer and Buyer's Agent are responsible for conducting all due diligence and independently verifying all information, including property condition, square footage, zoning, permitted uses, development regulations, occupancy and capacity requirements, licenses, permits, taxes, utilities, septic capacity, parking requirements, and feasibility of any proposed commercial, residential, hospitality, or mixed-use operation.
Full Property Details
Full Property Details for 23351 Fm 150 W
General
- Price: $1,499,900
- Taxes: $20,830 (2025)
- Status: Active
- Type: Commercial Residential Facility
- Source: Austin_MLS
- MLS ID: 5609635
- Updated: 8/25/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Bed & Breakfast
Interior
- Interior Features: Garden Tub/Roman Tub
- Fireplace: Yes
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Tile, Wood
Rooms
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Additional Information
- Security/Safety: None
Exterior
- Exterior Features: Sprinkler/Irrigation
Parking
- Total Spaces: 6
- Parking Features: Driveway, Gated, Paved
Location
- Area: HD
- County: Hays
- Subdivision: Howard Sub
- Driving Directions: 290 W TO RR12- LEFT ON 12- LEFT ON FM150- HOME ON RIGHT
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
- # Buildings: 4
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Square Feet: 2,644
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Mixed Use, Residential, Single Family, See Remarks
- Year Built: 1922
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Barn(s), Guest House, Gazebo, Residence
Lot Features
- Lot Size (Acres): 2.003
- Lot Size (Sq. Ft.): 87,250.68
Financial Considerations
- Assessment Amount: $1,273,800
- Tax Amount: $20,830.96
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: HOWARD SUBD, BLOCK A, LOT 1, ACRES 2.003
- Disclosures/Reports: Other
- Property ID: 1142190000001004
- Block: A
- Lot Number: 1
Listed by Coffman Real Estate
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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
Date
Details
Price
Change
Source
8/25/2026
Listed
$1,499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23351 Fm 150 W
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,831
8%
$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
23351 Fm 150 W, Driftwood, TX 78619 (MLS# 5609635) is a Commercial Residential Facility property. 23351 Fm 150 W is currently listed for $1,499,900 and was received on August 25, 2026. Want to learn more about 23351 Fm 150 W? Do you have questions about finding other Commercial Residential Facility real estate for sale in Driftwood? You can browse all Driftwood real estate or contact a Coldwell Banker agent to request more information.

