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$1,275,000

617 Malloy Lane, Ovilla, TX, 75154

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,374 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$377.89 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Dog Run, Rain Gutters, Outdoor Grill, Outdoor Kitchen, Private Entrance, Storage

About this property

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.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,650 /month
Positive
Cash Flow Estimate:
$2,550 /month

Interested in this property?

Becky Hearne

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Ovilla

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