Joanna Ruesch

617 Malloy Lane

Ovilla, TX
$ 1,195,000 Beds 4 Baths 3 Sq 3,374 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 1,195,000
  • City
  • Ovilla
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • ELLIS
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 19.997 Acres
  • Zip
  • 75154
  • Sqr Footage
  • 3,374
  • Year Built
  • 1983
  • Taxes
  • $ 14148
  • Style
  • Traditional
  • MLS#
  • 21340925
Listed By: Ebby Halliday, REALTORS
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Electric,Fireplace(s),Wood Stove
Cooling Ceiling Fan(s),Central Air,Electric,Window Unit(s)
Utilities City Water,Electricity Connected,Septic
Possession Negotiable
Roof Composition
Appliances Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Water Heater,Ice Maker,Microwave,Double Oven,Trash Compactor
current use Agricultural,Cattle
School District Red Oak ISD
Pool Y/N Yes
Exclusions Call agent for list of exclusions.
Year Built 1983
Architectural Style Traditional
Levels Two
AG Exemption Yes
Unexempt Taxes 14148
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name E W Banton
Transaction Type For Sale
Occupant Type Owner
County Ellis
Property Type Residential
Construction Materials Brick,Siding
Year Built Details Preowned
Accessory Unit Type Guest Quarters
Accessory Unit Y/N Yes
HOA Type None
Number Of Barns 1
Special Notes Aerial Photo,Survey Available
Full Baths 3
Status Active
Directions Three miles west of I-35E. Take Ovilla Road exit to the west off I-35. Turn north (right) on Malloy and it's the second house on the left.
City Ovilla
Elementary School Name Shields
High School Red Oak
Elementary School Shields
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21340925
Virtual Tour URL Branded mls.listings.truehomesphoto.com/617-Malloy-Rd-Red-Oak-TX-75154-USA
Standard Status Active
Listing Terms Cash,Conventional

Interior Features

Interior Features Built-in Features,Cable TV Available,Double Vanity,Granite Counters,High Speed Internet Available,Kitchen Island,Pantry,Walk-In Closet(s),Wet Bar
Flooring Carpet,Ceramic Tile,Laminate
Fireplace Features Brick,Family Room,Freestanding,Living Room,Masonry,Raised Hearth,Wood Burning,Wood Burning Stove
Fireplaces Total 2
Dining Areas 2
Living Areas 2
Room Count 14
Lock Box Type Supra
Total Bedrooms 4
Total Baths 3
Window Features Window Coverings
Laundry Features Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup,Washer Hookup

Exterior Features

Exterior Features Attached Grill,Built-in Barbecue,Covered Deck,Covered Patio/Porch,Dog Run,Rain Gutters,Outdoor Grill,Outdoor Kitchen,Private Entrance,RV/Boat Parking,Stable/Barn,Storage
Lot Features Acreage,Agricultural,Few Trees,Interior Lot,Landscaped,Level,Lrg. Backyard Grass,Pasture,Sprinkler System
Fencing Cross Fenced,Fenced,Full,Gate,Perimeter,Pipe,Wood
Horse Amenities Barn(s),Hay Loft,Loaf Shed(s),Round Pens,Tack Room,Wash Rack,Water to Barn
Other Structures Barn(s),Corral(s),Guest House,Kennel/Dog Run,Outbuilding,Outdoor Kitchen,Separate Entry Quarters,Shed(s),Stable(s),Storage,Workshop w/Electric
Parking Features Additional Parking,Converted Garage,Driveway,Electric Gate
Lot Size 10 to < 50 Acres
Foundation Slab
Pool Features Fenced,Gunite,In Ground,Outdoor Pool
Lot Size Area 19.9970
Lot Size Units Acres
Acres Pasture 16.00
Farm Ranch Features Fenced for Cattle,Fenced for Horses
Structural Style Single Detached
Lot Size Square Feet 871069.3200
Lot Size Acres 19.9970
Patio And Porch Features Covered,Deck,Front Porch,Patio,Rear Porch,Side Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Shields Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/27/2026 Listed $1,275,000
9/13/2026 7% - $1,195,000

Property vs Zip Code Average in 75154

Price
AVG $480K
$1.2M
Taxes
AVG $7,541
$14,148
Year Built
AVG 2011
1983
Visits
AVG 268
58
Data Provided by Inside Real Estate®

Areas That We Cover

617 Malloy Lane Ovilla, TX is a Single Family Home for sale at $1195000 with 3374 sqft and a lot size of 19.997 Acres Acre(s). 617 Malloy Lane Ovilla has 4 bedrooms, 3 baths and was built in 1983. The property's zip code is 75154 which is in Ovilla, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Joanna Ruesch

Joanna Ruesch

830-515-6166

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