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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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617 Malloy Ln , Ovilla, TX 75154
$1,275,000
Est. Payment: $6,564.25/mo
4 Bed
3 Bath
3374 Sqft
Status: active | Days on site: 28
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Becky Hearne , Ebby Halliday, REALTORS , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
20

Year Built

1983

County

Ellis

Neighborhood

E W Banton

School District

Red Oak ISD

Listing ID

21340925

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Double Oven, Trash Compactor
Air Cond:Ceiling Fan(s),Central Air,Electric,Window Unit(s)
Fireplaces:Brick,Family Room,Freestanding,Living Room,Masonry,Raised Hearth,Wood Burning,Wood Burning Stove
Floor:Carpet,Ceramic Tile,Laminate
Other:
  • Additional:Built-in Features, Cable TV Available, Double Vanity, Granite Counters, High Speed Internet Available, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar, ADU

Exterior Features

Lot:Fenced for Cattle,Fenced for Horses,Acreage,Agricultural,Few Trees,Interior Lot,Landscaped,Level,Lrg. Backyard Grass,Pasture,Sprinkler System,10 to < 50 Acres
Roof:Composition
Others:
  • Additional: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, Preowned
Parking Features:Additional Parking,Converted Garage,Driveway,Electric Gate
Principal Interest
$6,564
Taxes
$1,179

Home Price

$1,275,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$255,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,564.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,564.25 $1,179.00 $0.00 $7,743.25
Yearly $78,771.04 $14,148.00 $0.00 $92,919.04
Total $2,363,131.34 $424,440.00 $0.00 $2,787,571.34

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Ovilla, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

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