$3,600,000
$300K PRICE DROP

1501 Elder Hill Rd Driftwood, TX 78619

Estimated payment $20,280/month

Total Views 465
21 Acres
$171,429 Price per Acre
914,760 Sq Ft Lot

About This Lot

Investment Opportunity on 21 Acres | Multiple Income Streams | 1501 Elder Hill Rd, Hays County, TX
Located in the thriving heart of Hays County, just minutes from Dripping Springs and the Austin metro, this exceptional 21-acre property presents a unique opportunity for investors and end-users alike. With a blend of residential, commercial, and agricultural income streams already in place, 1501 Elder Hill Rd is a rare, turnkey asset offering immediate returns and long-term upside.
Current Income-Generating Features Include:

A charming 3-bedroom, 2-bath residence with Tenants in place providing steady residential income
A fully built-out coffee shop space within a rustic barn-style setting - Tenants in place
A 7,623 SF commercial barn/warehouse, including 4,977 SF of finished space ideal for offices, apartments, or creative use
Income from a propane easement and billboard lease, adding diversified revenue streams
Surrounding fields leased to the barn tenant for the next 15 years, ideal for agricultural usage

This highly flexible property is perfectly suited for a hybrid live/work concept, a private business hub, or a passive income portfolio. With road frontage and high visibility in a rapidly appreciating corridor, it’s positioned for both current cash flow and future appreciation.


Contact us today to schedule a private tour or request a full breakdown of current lease terms and investment performance.

Listing Agent

Mock Group

Mock Ranches, Keller Williams Realty Listed on: 07/28/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,672

Lot Details

  • Current uses include commercial, row crop
  • Potential uses include for development

Property Details

Property Type

Land

Est. Annual Taxes

$15,672

Lot Details

0

Listing Details

  • Office Phone: 512-275-6625
  • Listing Website: https://www.land.com/property/21-acres-in-hays-county-texas/24275457/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: For Development
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Commercial, Row Crop
  • Lot Description: Industrial

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,672 $1,174,280 -- --
2024 $15,672 $913,950 $0 $0
2023 $14,902 $898,770 $0 $0
2022 $15,542 $838,430 $0 $0
2021 $15,070 $736,150 $0 $0
2020 $14,553 $710,900 $0 $0
2019 $15,062 $689,440 $0 $0
2018 $14,832 $676,570 $0 $0
2017 $14,648 $663,030 $0 $0
2016 $14,310 $647,730 $0 $0
2015 $13,664 $633,250 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2025 09/24/25 Price Changed $3,600,000 0.0% $472 / Sq Ft
09/24/2025 09/24/25 For Sale $3,600,000 -7.7% $472 / Sq Ft
08/11/2025 08/11/25 Off Market -- -- --
07/28/2025 07/28/25 For Sale $3,900,000 0.0% $512 / Sq Ft
07/15/2017 07/15/17 Rented $2,200 0.0% --
06/15/2017 06/15/17 Under Contract -- -- --
06/09/2017 06/09/17 Price Changed $2,200 0.0% $1 / Sq Ft
06/09/2017 06/09/17 For Rent $2,200 +10.6% --
07/17/2016 07/17/16 Rented $1,990 -9.5% --
07/02/2016 07/02/16 Under Contract -- -- --
06/02/2016 06/02/16 For Rent $2,200 -- --

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records
Texas Hays County Driftwood 78619

1501 Elder Hill Rd, Driftwood, TX

For Sale

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Nearby Homes
Listing Agent
Mock Group
Mock Ranches, Keller Williams Realty
(512) 275-6625