Skip to content
Keenan Group#1 Austin Board of Realtors Team 2024

$1,499,900

0Beds
2.00 acresLot

23351 Fm 150, Driftwood, TX 78619

Driftwood·MLS# 5609635·Built 1922·51 days on market

— 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

Generous 2.00-acre lot
Existing improvements offer a flexible foundation for an owner-user, investor, or hospitality operator
The renovated main building offers four bedrooms and four full baths

Facts & Features

Interior

Flooring

  • Tile
  • Wood
Heating
Central,Fireplace(s),Heat Pump
Cooling
Ceiling Fan(s),Central Air,Wall/Window Unit(s)
Exterior & Lot

Construction

  • Vinyl Siding
Lot Size
2.00 Acres

Parking

  • 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.

  1. ActiveListed 2026
    Current price: $1,499,900Original list: $1,499,900MLS 5609635
    1. Listed · August 25, 2026$1,499,900
  2. ExpiredListed date not recorded
    Current price: $1,371,040Original list: $1,371,040MLS 586351
  3. ExpiredListed date not recorded
    Current 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.

Explore this area

Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
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
YearTaxesTotal AssessmentLandAdditions
2025
—$1,273,800$814,920$458,880

Virtual Tour

Virtual tour of 23351 Fm 150
Map showing 23351 Fm 150
23351 Fm 150
Directions
Principal & interest
$8,308

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

Loan: $1.2M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
Get Pre-Qualified

Luxury property intelligence

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.

Request Private Market Analysis

Verified property facts

Frequently Asked Questions

How much is 23351 Fm 150?

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 $997,500 (ZIP 78619 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What are the property details for 23351 Fm 150?

23351 Fm 150 is a Commercial Sale built in 1922 featuring 0 bedrooms, 2.00-acre lot.

What are the property taxes for 23351 Fm 150?

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.

How should a buyer estimate the monthly payment for 23351 Fm 150?

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.

How does 23351 Fm 150 compare with other homes in Driftwood?

As of Oct 15, 2026, 23351 Fm 150 is offered at $1,499,900. The current MLS snapshot shows 38 active listings in 78619.

When was 23351 Fm 150 built?

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.

Why Choose the #1 Austin Board Team for Driftwood

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Explore Nearby Areas

Nearby ZIP Codes

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 5:07:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Use or search of this IDX data by anyone other than a consumer looking to purchase real estate is prohibited. Automated collection, scraping, republication, or redistribution is prohibited.

Last updated: 10/15/2026, 5:07:16 PM

DMCA Notice · Privacy Policy · Terms