501 Ovilla Road, Waxahachie, TX 75167
Local realty services provided by:CENTURY 21 Elite
Listed by: chris oliver
Office: oliver realty
MLS#:21262774
Source:GDAR
Price summary
- Price:$7,632,065
About this home
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....
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Home facts
- Listing ID #:21262774
- Added:6 day(s) ago
- Updated:May 14, 2026 at 11:52 AM
Structure and exterior
- Lot area:120.19 Acres
- Lot Features:Acreage, Agricultural, City Lot, Waterfront
Schools
- High school:Waxahachie
- Elementary school:Wedgeworth
Finances and disclosures
- Price:$7,632,065
- Tax amount:$2,165
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