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Land with Home for Sale in Elko New Market, Minnesota

24391 Panama Ave, Elko New Market, MN 55020

$799,000
10.1 acres
Active sale
ago
Est $4,383/mo

Acreage properties this complete are few and far between. Set on 10 private acres, this exceptional property features a fully finished 1,944-square-foot heated and insulated shop with room to expand, mature fruit trees, a scenic pond, abundant wildlife, and a home extensively updated throughout. No expense has been spared in the home's extensive updates. The exterior showcases premium James Hardie siding, engineered shakes and trim, a newer roof, upgraded exterior doors, and all-new high-end Andersen windows. Inside, you'll find solid paneled hardwood doors, rich oak trim, new carpet in most rooms, 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 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, two additional bedrooms, and a beautifully finished 3/4 bath with a tiled walk-in shower. Whether you're looking for space for your hobbies or business, room to roam, or simply the peace and privacy of country living, this rare property offers a combination of acreage, quality updates, and versatile outbuilding space that is becoming increasingly difficult to find.

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

Location

Street address
24391 Panama Ave
Zip code
55020
School district
New Prague Area Schools
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 7105910
Posted

Property taxes

2025
$3,612

Parcels

  • 039140074

Details and features

Listing

Type
Residential

Lot

Features
Tree Coverage-Heavy

Exterior

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

Structure

Water
Private, Well
Sewer
Mound Septic, Private Sewer
Heating
Forced Air
Cooling
Central Air
Materials
Block, Frame
Roof
Shingle

Interior

Rooms
Basement, Bathroom x 3, Bedroom x 5, Dining Room, Game Room, Laundry Room, Utility Room
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Filtration System, Water Heater-Gas, Water Heater-Tankless, Water Softener-Owned

Listing history

DateEventPriceChangeSource
July 16, 2026New listing$799,000RMLS
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This 10.13-acre property is located at 24391 Panama Ave in Elko New Market, MN 55020. The property is available for sale, priced at $799,000. It has a 2,489 square foot 5-bedroom, 3-bath house built in 1992.

Listed by eXp Realty, (612) 751-9303

Checked 1 hour agoUpdated Source

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