
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
Listed by Coffman Real Estate
Verified property facts
23351 Fm 150 is listed at $1,499,900 with 0 bedrooms, 2.00-acre lot. This places it above the ZIP 78619 single-family closed-sale median price of $925,000 (ZIP 78619 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 5, 2026).
23351 Fm 150 is a Commercial Sale built in 1922 featuring 0 bedrooms, 2.00-acre lot.
23351 Fm 150 is listed by Coffman Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
The most recent annual property tax for 23351 Fm 150 is $20,831. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 23351 Fm 150. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Property Details
Flooring
Construction
Parking
5 records on file
Every recorded listing, sale, and lease at 23351 Fm 150, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $15,603 | — | — |

20% ($300K)
Adjustable assumption - not a lending recommendation.
$1,499,900
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List price
$1,499,900
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
11 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 Sep 5, 2026.
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As of Sep 5, 2026, 23351 Fm 150 is offered at $1,499,900. The current MLS snapshot shows 43 active listings in 78619.
23351 Fm 150 was built in 1922 (104 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$1,499,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $15,603 | — | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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