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$1,499,900

23351 FM 150, Driftwood, TX 78619

Howard Subdivison

Bedrooms7
Bathrooms9
Sq Ft2,644
Acres2.00
Year Built1922

About This Property

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 TypeSingle Family
MLS #5040882
Days on Market139
Lot Size2.00 acres
Listed2/27/2026
Last Updated2/27/2026

Location

County
Hays
School District
Dripping Springs ISD
MLS Area
HD

Size

Lot Description
Garden, Level, Native Plants, Public Maintained Road, Trees-Medium (20 Ft - 40 Ft)
$/Acre
$749,950

Improvements

Fence
Fenced, Perimeter
Exterior Features
Garden, Private Yard, See Remarks
Heating
Central, Fireplace(s), Heat Pump
Cooling
Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Appliances
Dishwasher, Electric Range, Electric Oven, Free-Standing Electric Oven, Range, Refrigerator, Stainless Steel Appliance(s)
Flooring
Tile, Wood
Fireplaces
Bedroom, Wood Burning
Fireplace Count
1
Windows
Window Treatments
Construction Materials
Vinyl Siding
Foundation
Pillar/Post/Pier
Roof
Composition, Shingle
Direction Faces
North
Pool Features
None
Patio / Porch
Front Porch, Rear Porch
View
Hill Country, Rural
Community Features
None
Parking Features
Driveway, Gated, Paved

Location

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Listing provided by Melony Coffman · Coffman Real Estate · (512) 968-0361

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$1,499,900