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Land with Home for Sale in Cedar Lake Township, Minnesota

24391 Panama Ave, Cedar Lake Township, MN 55020

$829,000
10.1 acres
Active sale
$30k drop
Est $4,537/mo

Rarely does a property offer this combination of acreage, outbuilding space, and location. Set on 10 beautiful acres in the New Prague School District, this property features a fully finished 36x54 heated and insulated shop with concrete floors and a separate electrical panel—perfect for hobbyists, business owners, storage, or recreation with plenty of room to expand the shop if desired.

You'll discover a peaceful country retreat tucked among mature trees and overlooking a scenic pond. A picturesque tree-lined gravel drive welcomes you home, while daily encounters with wildlife, including deer, turkey, and waterfowl, create a setting that feels miles away from the everyday. Evenings bring breathtaking western sunsets that cast a warm glow across the pond and surrounding landscape.

No expense has been spared in the home's extensive updates. The exterior showcases premium James Hardie siding, engineered shakes and trim, a new roof, upgraded exterior doors, and all-new high-end Andersen windows. Inside, you'll find solid paneled hardwood doors, rich oak trim, and beautifully updated bathrooms throughout.

The bright, welcoming kitchen features granite countertops and stainless steel appliances and flows seamlessly into the home's functional layout. The upper level offers a spacious primary suite with a walk-in closet, vanity area, and stunningly updated ensuite bath, along with two additional bedrooms and a fully updated full bathroom.

The walk-out lower level is ideal for entertaining, complete with a large family room and gaming area, two additional bedrooms, and a beautifully re-finished bathroom with a tiled walk-in shower.

Properties offering 10 acres, a heated shop, extensive updates, and New Prague Schools are becoming increasingly difficult to find. Don't miss this exceptional opportunity to enjoy the space, privacy, and lifestyle you've been searching for.

2,489
Sq feet
5
Beds
1
Full bath
2
3/4 baths
1992
Built

Location

Street address
24391 Panama Ave
Zip code
55020
Elevation
1,015 feet
Coordinates
44.5965, -93.4363

Directions

Panama Ave North from 280th (MN-19)to shared driveway on right.

Panama Ave South from 220th (CR-8) to shared driveway on left.

Property details

Acreage
10.13 acres
Zoning
Residential-Single Family
MLS #
RMLS 7056183
Posted

Property taxes

2025
$3,612

Parcels

  • 039140074

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Driveway, Garage, Garage-Attached, Garage-Detached, Heated
Features
Cement Board, Engineered Wood, Shakes

Structure

Heating
Forced Air
Cooling
Central Air
Materials
Block, Frame
Roof
Asphalt, Shingle

Interior

Room Count
12
Rooms
Bathroom x 3, Bedroom x 5
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water-Softener

Listing history

DateEventPriceChangeSource
June 9, 2026Price drop$829,000$30,000 -3.5%RMLS
May 28, 2026Price drop$859,000$10,000 -1.2%RMLS
Apr 22, 2026New listing$869,000RMLS
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This 10.13-acre property is located at 24391 Panama Ave in Cedar Lake Township, MN 55020. The property is available for sale, priced at $829,000. It has a 2,489 sq ft 5 bedroom, 3 bath house built in 1992.

Listed by eXp Realty, (612) 751-9303

Checked 1 hour agoUpdated Source

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