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Crystal Olenbush

  • 1240 Elder Hill Road

  • $5,000,000 REDUCED
  • 11 Beds, 25 Bath, 20000 SQ. Feet, 25.00 Acres Residential Driftwood, TX 78619

This incredibly private and rare opportunity in Driftwood, TX is just 30 minutes from Downtown Austin. The 25-acre estate is fully fenced and ag exempt, with hundreds of beautiful Live Oaks, a five-horse barn, a 260’ X 140’ professional grade arena and two mega homes plus a small guest house. This is the best opportunity in the market today to get into a show place quick and bypass the build time. The finished back home boasts over 9,800 square feet with 7,600 square feet of living space including 5 bedrooms and 6 bathrooms with two heated & cooled garages. This home features engineered hardwood floors, a beautiful modern kitchen with waterfall island, quartz countertops and a master bath that will take your breath away. The second front home is over 14,000 square feet with 5 bedrooms, 7 bathrooms, a private1 bedroom / 1 bathroom apartment for maid or guests. This is a nearly finished builders dream that is awaiting your choice of interior finishes and could be completed in 6 - 12 months. The third free standing small building is a guest house with its own full bathroom. This is a one-of-a-kind chance in the current market. Live in the finished home while you finish building out the other house as your dream home, family compound, restaurant, distillery, or whatever you wish on the nearly unrestricted land. Both houses have basement wine rooms, roughed in elevator shafts, private well water supply, Anderson Windows, brand new septic systems, and countless other upgrades, underground utilities, and private water well. The seller has installed a new 4,500’ chip seal paved driveway. Don’t miss this rare opportunity in the hot Driftwood market, located just 20 minutes from Austin. Shown by appointment only, with notice.

Essential Information

  • MLS® #7526034
  • Price$5,000,000
  • Bedrooms11
  • Bathrooms25.00
  • Full Baths11
  • Half Baths14
  • Square Footage20,000
  • Acres25.00
  • Year Built2015
  • TypeResidential
  • Sub-TypeOther
  • StatusActive

Community Information

  • Address1240 Elder Hill Road
  • SubdivisionThomas R Jackson Surv Abs #9
  • CityDriftwood
  • CountyHays
  • StateTX
  • Zip Code78619


  • UtilitiesUnderground Utilities
  • FeaturesNone
  • # of Garages7
  • ViewHills
  • WaterfrontNone


Asphalt, Garage, Garage Faces Front, Garage Faces Side, Paved


  • AppliancesGas Cooktop, Gas Oven
  • HeatingCentral
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces2
  • FireplacesLiving Room
  • StoriesThree Or More


  • Exterior FeaturesBalcony
  • RoofMetal
  • FoundationSlab

Lot Description

Trees Large Size, Agricultural, Trees Medium Size


Bay Window(s), ENERGY STAR Qualified Windows, Low Emissivity Windows, Wood Frames


Masonry, Radiant Barrier, Spray Foam Insulation, Stone, Stucco

School Information

  • DistrictHays ISD
  • ElementaryCarpenter Hill
  • MiddleEric Dahlstrom
  • HighJohnson High School

Map & Directions

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Price Change History for 1240 Elder Hill Road, Driftwood, TX (MLS® #7526034)

Date Details Price Change
Price Reduced $5,000,000 $550,000 (9.91%)
Price Reduced (from $7,000,000) $5,550,000 $1,450,000 (20.71%)

Property Listed by: Keller Williams Realty

The information being provided is 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 6th, 2021 at 9:48am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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