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23351 FM 150 W, Driftwood TX 78619
MLS #239279463 · Coffman Real Estate · Melony Coffman
About this home
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 details
- Property type
- Residential
- Status
- Active
- Year built
- 1922
- Full baths
- 7
- Half baths
- 2
- Lot size
- 2
- Subdivision
- Howard Subdivison
- MLS area
- HD
- MLS #
- 239279463
Features
Interior 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
Exterior features
- Garden
- Private Yard
- See Remarks
Additional details
- Parking
- Driveway, Gated, Paved
- Garage spaces
- 0
- Roof
- Composition, Shingle
- Foundation
- Pillar/Post/Pier
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Dripping Springs ISD
- Elementary
- Walnut Springs
- Middle
- Dripping Springs Middle
- High
- Dripping Springs
Market insights
Compared with 86 active homes in ZIP 78619 · HomeLocating listings
At $1,499,900, this home is priced 45% above the $1,037,500 median across 86 active homes in ZIP 78619.
Estimated monthly payment
Home price
$1,499,900
Down payment
20% ($299,980)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of Coffman Real Estate · Melony Coffman
Listing data last updated Aug 19, 2026, 5:46 PM
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