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    2874 Elder Hill Rd Driftwood, TX 78619

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    For Sale
    $4,950,000

    51 acres in Driftwood with guest house and workshop.

    Lot size:
    51.65 Acres

    Property Features for 2874 Elder Hill Rd

    General Information

    Lot size
    51.65 Acres

    Building Details

    Year built
    2007

    Source: Martha Turner Sotheby's International Realty Agent Linda Plant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hill Country Acreage with Guest House

    This gorgeous 51-acre property is located on Elder Hill Road in Driftwood. The acreage has not been fully developed and offers potential homesites. A guest house is surrounded by fountains and features a large screened-in porch. The porch leads to a gazebo with views. The guest house includes one bedroom, two bathrooms, a gas fireplace, and tall ceilings. There is also an oversized two-car garage with epoxy floors. The sellers had planned to build the main house in the middle of the property with views but found the guest house provided comfort for day-to-day living. Opposite the property is a 1900-square-foot workshop with a separate office, one bedroom, and one bathroom. This workshop could be converted into another guest house. The property is Ag exempt. It is located close to the Salt Lick Restaurant and Camp Lucy Resort, 12 miles from Wimberley, 8 miles from Dripping Springs, and 26 miles from downtown Austin. The property is intended for use as a farm, agricultural property, or ranch.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Realty agency Spa & Massage Gym & Fitness Skin Care Clinic Garden Center Acupuncture

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Driftwood
    County
    Hays
    State
    Texas
    Longitude
    -98.0702127
    Latitude
    30.1116115

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    FAQs

    What type of property is this?
    Farm - 51 acres in Driftwood with guest house and workshop.
    Where is this farm located?
    The property is located at 2874 Elder Hill Rd Driftwood, TX.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: - 51-acre hill country property on desirable Elder Hill Road in Driftwood.; - The beautifully designed guest house features a screened-in porch, fountains, and gazebo offering amazing views.; - Includes a 1900 sq ft workshop with a separate office, bedroom, and bath, which could be converted into another guest house.
    (713) 240-5813
    Request Owner's contact information
    2874 Elder Hill Rd Driftwood, TX 78619
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    Driftwood, TX 78619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2874 Elder Hill Rd Driftwood, TX 78619
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