501 Ovilla Road, Waxahachie, Texas

$7,632,065

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120.19

Acres

About 501 Ovilla Road

Rarely does a site of this caliber come to market. This stunning 120-acre waterfront tract offers unmatched development potential in one of the DFW Metroplex's fastest-growing corridors. Currently zoned SF-1, the property sits flanked by two established residential communities zoned SF-2 and PD-SF-3, demonstrating a clear market precedent for density and providing a compelling case for rezoning or planned development designation. Direct lake frontage and mature scattered hardwoods create exceptional natural amenities that translate directly into premium lot values. A 24-inch water line at the street significantly reduces infrastructure risk and accelerates project timelines. With strong rooftop density surrounding the site, proven neighborhood absorption on both sides, and explosive population growth driving continued demand, this is a generational land play. Whether your vision is a master-planned residential community or a mixed-use development blending retail, commercial, and residential, this property delivers the location, infrastructure, and natural setting to execute at the highest level.

Status Change History

Aug 16, 2026 Status Changed from Active Under Contract to Pending Pending
Jul 30, 2026 Status Changed from Active to Active Under Contract Active Under Contract

Features of 501 Ovilla Road

MLS® # 21262774
Price $7,632,065
Acres 120.19
Type Land
Sub-Type Unimproved Land
Status Pending

Community Information

Address 501 Ovilla Road
Subdivision E Horton
City Waxahachie
County Ellis
State Texas
Zip Code 75167-4818

Amenities

Utilities City Sewer, City Water, Sewer Available, Underground Utilities
Is Waterfront Yes
Waterfront Lake Front
Has Pool No

Interior

Fireplace No

Exterior

Lot Description Acreage, Agricultural, Waterfront

School Information

District Waxahachie ISD
Elementary Wedgeworth
High Waxahachie

Additional Information

Date Listed May 7th, 2026
Days on Market 131
Zoning SF-1

Listing Details

AgentChris Oliver
OfficeOliver Realty
Contact Info972-921-5797

Listing Map

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