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Look what has been hiding in Ellis County, an opportunity like no other in southern DFW. Almost an acre and a half in the gated luxury community of Bynum Springs in the extravagant little town of Oak Leaf. This lot offers the availability for a custom home with plenty space for a large backyard, private pool, or other entertaining venture. Lines up to some mature trees in the back. The community includes access to the club house, outdoor pavilion, pool, pickle ball-basketball-tennis courts. All of this with the fresh country air and Texas landscapes surrounding the area but still only 20 miles from Dallas and 40 miles from Waco. Join me on a showing today!

Highlights

  • Land
  • Unimproved Land
  • 1.438 Acre Lot
  • $1,950/yr HOA
  • 55 days on Market

  • Parking Features
    Gated

  • Acres
    1.438
  • Lot Features
    Sloped
  • Utilities
    Electricity Available
  • Water
    Public

  • County
    Ellis
  • City
    Oak Leaf
  • Neighborhood
    Bynum Springs
  • Zip Code
    75154
  • High School
    Red Oak
  • Middle School
    Red Oak
  • Elementary School
    Shields

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Frequently Asked Questions

How do I schedule a tour of 165 Caballo Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 165 Caballo Dr.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 165 Caballo Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $218,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Oak Leaf, and can even get you in to see the property quickly.

How do I get a virtual tour of 165 Caballo Dr?

Yes! A virtual tour is available for 165 Caballo Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 165 Caballo Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 165 Caballo Dr at around $1,241. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 165 Caballo Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Ellis County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 165 Caballo Dr?

In most cases, yes. Whether 165 Caballo Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Oak Leaf's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 165 Caballo Dr?

We can handle that for you. Our preferred local agent specializes in lands in Oak Leaf and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the lot size of this property?

165 Caballo Dr sits on a 1.44-acre lot, which is 62,726 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Shields
  • Middle: Red Oak
  • High: Red Oak

Want to see how these schools compare? Check out our Ellis County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $1,950 paid annually.

Is 165 Caballo Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: November 14, 2026 at 10:32PM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21390965