617 Malloy Lane, Ovilla, TX 75154

• 4 beds |
• 3 baths |
• 3,374 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

July 29, 2026 at 7:17AM

Listing Office:

Ebby Halliday, REALTORS : 817-654-3737

Listing Agent:

Becky Hearne :

MLS ID:

21340925

Interior

• General: Wet BarBuilt-in FeaturesDouble VanityGranite CountersHigh Speed InternetKitchen IslandPantryCable TVWalk-In Closet(s)
• Appliances: Double OvenDishwasherElectric CooktopElectric OvenElectric Water HeaterDisposalIce MakerMicrowaveTrash Compactor
• Laundry: Washer HookupDryer HookupElectricDryer HookupLaundry in Utility Room
• Flooring: CarpetCeramic TileLaminate
• A/C: Central AirCeiling Fan(s)ElectricWindow Unit(s)
• Heating: CentralElectricFireplace(s)Wood Stove
• Fireplace: Family RoomFree StandingLiving RoomMasonryRaised HearthWood BurningWood BurningStoveFireplaceFireplaces: 2

Exterior

• General: Built-in BarbecueBarbecueDeckDog RunOutdoor GrillOutdoor KitchenPrivate EntranceRain GuttersStorageCorral(s)Kennel/Dog RunGuest HouseOutbuildingOutdoor KitchenShed(s)StorageWorkshopBarn(s)Stable(s)
• Style: TraditionalDetached
• Other Structures: Corral(s)Kennel/Dog RunGuest HouseOutbuildingOutdoor KitchenShed(s)StorageWorkshopBarn(s)Stable(s)
• Pool: FencedGuniteIn GroundOutdoor PoolPool
• Parking: Additional ParkingConverted GarageDrivewayElectric GateBoatRV Access/Parking

Construction

• Roofing: Composition
• Windows: Window Coverings
• General: Brick2Slab

Location

• Originating MLS: NTR
• School District: Red Oak ISD
• County: Ellis

Lot

• Zoning: 51 E W BANTON 9.981 ACRES & 51 E W BANTON 10.024 A179762
• Fencing: Cross FencedFencedFullGatePerimeterPipeWood
• Current Use: AgriculturalCattle

Utilities

• Utilities: Electricity ConnectedSeptic AvailableWater AvailableCable Available
• Water: Public
• Sewer: Septic Tank

Financial

• Source: NTR
• Exclusions: Call agent for list of exclusions.