23351 FM 150 W — photo 1
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$1,499,900

23351 FM 150 W, Driftwood TX 78619

7 bd·8 ba·2,644 sqft·$567/sqft

MLS #239279463 · Coffman Real Estate · Melony Coffman

Market insights

Compared with 62 active homes in ZIP 78619 · HomeLocating listings

Area median price
$1,180,750
This home vs. median
27% above
Homes with a price cut
16%

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

Schools

Assigned schools per the MLS.

School district
Dripping Springs ISD
Elementary
Walnut Springs
Middle
Dripping Springs Middle
High
Dripping Springs

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.*

Location

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Listing courtesy of Coffman Real Estate · Melony Coffman

Listing data last updated Aug 1, 2026, 11:46 AM

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