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617 Malloy Ln
Ovilla, Tx 75154

Price: $1,275,000
Property Type: residential
MLS #: 21340925
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.
Area: Ellis
Year Built: 1983
Bedrooms: Four
Bathrooms: Three
Garage: 0
Acres: 20
Virtual Tour: Click here to view
Exterior Features : Attached Grill
Exterior Features : Built-in Barbecue
Exterior Features : Covered Deck
Exterior Features : Covered Patio/Porch
Exterior Features : Dog Run
Exterior Features : Rain Gutters
Exterior Features : Outdoor Grill
Exterior Features : Outdoor Kitchen
Exterior Features : Private Entrance
Exterior Features : RV/Boat Parking
Exterior Features : Stable/Barn
Exterior Features : Storage
Fireplace Features : Brick
Fireplace Features : Family Room
Fireplace Features : Freestanding
Fireplace Features : Living Room
Fireplace Features : Masonry
Fireplace Features : Raised Hearth
Fireplace Features : Wood Burning
Fireplace Features : Wood Burning Stove
Flooring : Carpet
Flooring : Ceramic Tile
Flooring : Laminate
Foundation Details : Slab
Heating : Central
Heating : Electric
Heating : Fireplace(s)
Heating : Wood Stove
Interior Features : Built-in Features
Interior Features : Cable TV Available
Interior Features : Double Vanity
Interior Features : Granite Counters
Interior Features : High Speed Internet Available
Interior Features : Kitchen Island
Interior Features : Pantry
Interior Features : Wet Bar
Interior Features : Walk-In Closet(s)
Pool Features : Fenced
Pool Features : Gunite
Pool Features : In Ground
Pool Features : Outdoor Pool
Structural Style : Single Detached
Utilities : City Water
Utilities : Electricity Connected
Utilities : Septic

Courtesy: Becky Hearne • Ebby Halliday, REALTORS •

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This content last refreshed on 07/27/2026 10:00 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.