617 Malloy Lane, Ovilla, TX 75154 (MLS # 21340925)

Price $1,275,000
Status Active
Beds 4
Baths 3 Baths
Home size 3,374 sqft
Lot Size 20.00 ac
Rare 20-acre opportunity with ag exemption in Ovilla, a rapidly growing community only 25 miles south of Dallas. Tucked among mature shade trees, this exceptional property offers the perfect balance of privacy, functionality, and future opportunity. Whether you're looking for a private country estate, equestrian property, multi-generational living or land with development potential, this unique property offers possibilities that are hard to find. The 3,374 square foot two-story home offers 4 bedrooms, 3 bathrooms, and spaces designed for both everyday living and entertaining. The spacious kitchen, featuring granite countertops, stainless appliances, abundant cabinetry, and a center island, is ideally located between the formal dining room and the breakfast room. Off the breakfast area is a private patio to enjoy your morning coffee. The first floor offers two separate living areas, each with wood-burning fireplaces. The renovated downstairs bathroom adds modern appeal, while the garage conversion offers versatility as a game room, media room, first-floor bedroom, or can easily be converted back to a garage. Step outside to enjoy multiple covered porches and patios, a large covered deck with an outdoor kitchen, and a gunite pool, creating the perfect setting for entertaining. A detached 960 square foot guest house with a kitchen and bathroom provides comfortable space for guests, extended family, or a private home office. Equestrian enthusiasts will appreciate the six-stall barn with hay loft, tack room, wash rack, office or workshop space, round pen, loafing sheds, and fenced, cross-fenced pastures. Approximately 16 acres currently have an ag exemption. Surrounded by expanding residential development while still offering the privacy and tranquility of country living, this unique property presents an outstanding opportunity to enjoy today while benefiting from tomorrow's possibilities. Rare combination of location, acreage and improvements in one remarkable property.
Property Type(s): Single Family
Last Updated 7/26/2026 Tract E W Banton
Year Built 1983 County Ellis

SCHOOLS

School District Red Oak ISD
Elementary School Shields
Jr. High School Dr. Joy Shaw
High School Red Oak

Additional Details

AIR Ceiling Fan(s), Central Air, Electric, Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Trash Compactor
BARN/EQUESTRIAN Yes
CONSTRUCTION Brick
EXTERIOR Built-in Barbecue, Dog Run, Outdoor Grill, Outdoor Kitchen, Private Entrance, Rain Gutters, Storage
FIREPLACE Yes
GARAGE Yes
HEAT Central, Electric, Fireplace(s), Wood Stove
INTERIOR Built-in Features, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar
LOT 20 acre(s)
LOT DESCRIPTION Agricultural, Few Trees, Interior Lot, Landscaped, Level, Pasture
PARKING Additional Parking, Converted Garage, Driveway, Electric Gate, Boat, RV Access/Parking
POOL Yes
POOL DESCRIPTION Fenced, Gunite, In Ground, Outdoor Pool
SEWER Septic Tank
STORIES 2
STYLE Traditional
SUBDIVISION E W Banton
TAXES 14148
UTILITIES Cable Available, Electricity Connected
WATER Public

Location

 

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Listing provided by Becky Hearne, Ebby Halliday, REALTORS
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This data was last updated on: 7/26/26 9:32 PM PDT

This IDX solution is (c) Diverse Solutions 2026.

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