— bed, — bath on 2.00 acres in Driftwood. Driftwood, TX 78619. $1,499,900.
About This Home
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.
- Property Type
- Commercial Sale
- Year Built
- 1922
- Lot Size
- 2.00 acres
Listing information last updated August 25, 2026.
Listed by Coffman Real Estate
MLS# 5609635 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Tile
- Wood
- Heating
- Central,Fireplace(s),Heat Pump
- Cooling
- Ceiling Fan(s),Central Air,Wall/Window Unit(s)
Exterior & Lot
- Vinyl Siding
- Lot Size
- 2.00 Acres
- Driveway
- Gated
- Paved
Financial
- Original List Price
- $1,499,900
Utilities
- Electricity Connected
- High Speed Internet
- Water Available
- Water Connected
- Water Source
- See Remarks,Public
- Sewer
- Septic Tank
Transaction History
3 records on file
Every recorded listing, sale, and lease at 23351 Fm 150, whoever represented it.
- ActiveListed 2026Current price: $1,499,900Original list: $1,499,900MLS 5609635
- Listed · August 25, 2026$1,499,900
- ExpiredListed date not recordedCurrent price: $1,371,040Original list: $1,371,040MLS 586351
- ExpiredListed date not recordedCurrent price: $1,371,040Original list: $3,600,000MLS 564185
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,499,900
- Original list
- $1,499,900
- Price movement
- No verified reduction
- Listed / DOM
- Aug 25, 2026 · 51 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,273,800
- Assessment Year
- 2025
- Parcel ID
- 11-4219-0000-00100-4
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,273,800 | $814,920 | $458,880 |
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Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($300K)
Adjustable assumption - not a lending recommendation.
$1,499,900
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Keenan Market Position
A sourced read on Driftwood pricing, timing, and property scale. No automated valuation claim.
List price
$1,499,900
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
51 days
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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