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.
For sale
Price cut: $80K (9/12)
$1,195,000
617 Malloy Ln, Red Oak, TX 75154
4beds
3,374sqft
Single Family Residence
Built in 1983
20 Acres Lot
$1,125,000 Zestimate®
$354/sqft
$-- HOA
What's special
Gunite poolFormal dining roomStainless appliancesBreakfast roomGranite countertopsWood-burning fireplacesRenovated downstairs bathroom
- 69 days
- 720
- 63
Zillow last checked:
Listing updated:
Listed by:
Becky Hearne 0455114 817-654-3737,
Ebby Halliday, REALTORS 817-654-3737
Source: NTREIS,MLS#: 21340925
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom, Sitting Area in Primary, Walk-In Closet(s)
- Level: Second
- Dimensions: 15 x 17
Bedroom
- Features: Split Bedrooms, Walk-In Closet(s)
- Level: First
- Dimensions: 10 x 12
Bedroom
- Features: Ceiling Fan(s), Split Bedrooms
- Level: Second
- Dimensions: 14 x 11
Bedroom
- Features: Ceiling Fan(s), Split Bedrooms, Walk-In Closet(s)
- Level: Second
- Dimensions: 15 x 10
Primary bathroom
- Features: Built-in Features, Dual Sinks, Double Vanity, En Suite Bathroom, Garden Tub/Roman Tub, Linen Closet, Separate Shower
- Level: Second
- Dimensions: 13 x 12
Bonus room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 19 x 18
Breakfast room nook
- Level: First
- Dimensions: 7 x 11
Dining room
- Level: First
- Dimensions: 11 x 11
Family room
- Features: Built-in Features, Ceiling Fan(s), Fireplace
- Level: First
- Dimensions: 17 x 14
Other
- Features: Built-in Features, Linen Closet
- Level: First
- Dimensions: 8 x 6
Other
- Features: Built-in Features, Jack and Jill Bath, Linen Closet
- Level: Second
- Dimensions: 10 x 7
Kitchen
- Features: Built-in Features, Granite Counters, Kitchen Island
- Level: First
- Dimensions: 15 x 11
Living room
- Features: Ceiling Fan(s), Fireplace
- Level: First
- Dimensions: 30 x 17
Utility room
- Features: Built-in Features, Closet, Utility Room
- Level: First
- Dimensions: 8 x 12
Heating
- Central, Electric, Fireplace(s), Wood Stove
Cooling
- Central Air, Ceiling Fan(s), Electric, Window Unit(s)
Appliances
- Included: Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Trash Compactor
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room
Features
- Wet Bar, Built-in Features, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Pantry, Cable TV, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile, Laminate
- Windows: Window Coverings
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Family Room, Free Standing, Living Room, Masonry, Raised Hearth, Wood Burning, Wood BurningStove
Interior area
- Total interior livable area: 3,374 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, Converted Garage, Driveway, Electric Gate, Boat, RV Access/Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Rear Porch, Front Porch, Patio, Side Porch, Covered, Deck
- Exterior features: Built-in Barbecue, Barbecue, Deck, Dog Run, Outdoor Grill, Outdoor Kitchen, Private Entrance, Rain Gutters, Storage
- Pool features: Fenced, Gunite, In Ground, Outdoor Pool, Pool
- Fencing: Cross Fenced,Fenced,Full,Gate,Perimeter,Pipe,Wood
Lot
- Size: 20 Acres
- Features: Acreage, Agricultural, Back Yard, Interior Lot, Lawn, Landscaped, Level, Pasture, Sprinkler System, Few Trees
Details
- Additional structures: Corral(s), Kennel/Dog Run, Guest House, Outbuilding, Outdoor Kitchen, Shed(s), Storage, Workshop, Barn(s), Stable(s)
- Parcel number: 179762
- Horse amenities: Barn, Hay Storage, Loafing Shed, Round Pen, Tack Room, Wash Rack
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- Year built: 1983
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Septic Available, Water Available, Cable Available
Community & HOA
Community
- Subdivision: E W Banton
HOA
- Has HOA: No
Location
- Region: Red Oak
Financial & listing details
- Price per square foot: $354/sqft
- Annual tax amount: $14,148
- Date on market: 7/27/2026
- Cumulative days on market: 70 days
- Listing terms: Cash,Conventional
- Exclusions: Call agent for list of exclusions.
Estimated market value
$1,125,000
$1.07M - $1.18M
$3,438/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2026 | Price change | $1,195,000-6.3%$354/sqft |
Source: NTREIS #21340925 Report a problem | ||
| 7/27/2026 | Listed for sale | $1,275,000$378/sqft |
Source: NTREIS #21340925 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75154
Nearby schools
Schools provided by the listing agent
- Elementary: Shields
- Middle: Dr. Joy Shaw
- High: Red Oak
- District: Red Oak ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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