617 Malloy Lane

Ovilla, TX 75154
$1,275,000
3,374 sqft
4 beds
3 baths

Description

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: Residential - Single Family Residence
MLS Status: Active
MLS: 21340925
Year Built: 1983
County: Ellis
Tract or Division: E W Banton
List Date: 07/28/2026
Area:
Square Feet: 3,374
Total Beds: 4
Full Baths: 3
Half Baths: 0
Acres: 20
Lot Size (sqft): 871,200

800.451.8055

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Interior Features

 
Fireplace:
  • FamilyRoom
  • FreeStanding
  • LivingRoom
  • Masonry
  • RaisedHearth
  • WoodBurning
  • WoodBurningStove
  • Number of fireplaces: 2
Floor Coverings:
  • Carpet
  • CeramicTile
  • Laminate
Appliances:
  • DoubleOven
  • Dishwasher
  • ElectricCooktop
  • ElectricOven
  • ElectricWaterHeater
  • Disposal
  • IceMaker
  • Microwave
  • TrashCompactor
Windows:
  • WindowCoverings
Virtual Tour:

Exterior Features

 
Style:
  • Traditional
  • Detached
Parking:
  • AdditionalParking
  • ConvertedGarage
  • Driveway
  • ElectricGate
  • Boat
  • RvAccessParking
Lot Description:
  • Acreage
  • Agricultural
  • BackYard
  • InteriorLot
  • Lawn
  • Landscaped
  • Level
  • Pasture
  • SprinklerSystem
  • FewTrees
Roof Type:
  • Composition
Yard/Grounds:
  • BuiltInBarbecue
  • Barbecue
  • Deck
  • DogRun
  • OutdoorGrill
  • OutdoorKitchen
  • PrivateEntrance
  • RainGutters
  • Storage
Siding:
  • Brick
Pool Type:
  • Fenced
  • Gunite
  • InGround
  • OutdoorPool
  • Pool
Foundation:
  • Slab
Fencing:
  • CrossFenced
  • Fenced
  • Full
  • Gate
  • Perimeter
  • Pipe
  • Wood

Utilities

 
Heating/Cooling:
  • Central
  • Electric
  • Fireplaces
  • WoodStove
Utilities:
  • ElectricityConnected
  • SepticAvailable
  • WaterAvailable
  • CableAvailable

Additional Property Details

 
Listing Agent: Becky Hearne
Broker: Ebby Halliday, REALTORS
Amenities:
  • WetBar
  • BuiltInFeatures
  • DoubleVanity
  • GraniteCounters
  • HighSpeedInternet
  • KitchenIsland
  • Pantry
  • CableTv
  • WalkInClosets
Listed by: Becky Hearne, Ebby Halliday, REALTORS
Phone: 817.654.3737

Location

Schools

School Name Grades Admission
Red Oak Middle School 6 - 8 Regular
Red Oak High School 9 - 12 Regular
Donald T. Shields Elementary School PK - 5 Regular
3 Schools

*All school information should be verified by local Independent School District.

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* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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