24391 Panama Avenue, Elko New Market, MN 55020

New Listing
$869,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,652 Lot Size (sq. ft.): 441,263 Status: Coming Soon
Current Price: $869,000 List Date: 4/17/2026 Last Modified: 4/17/2026

Overview

Description

Prepare for a complete lifestyle change as you experience unmatched privacy and natural beauty on this stunning 10-acre estate. Your journey begins on a tar road and winds through a picturesque, fruit-tree-lined drive—especially breathtaking during spring bloom—setting the tone for the peaceful retreat that awaits. Tucked among mature trees and overlooking a scenic pond, this property offers daily encounters with wildlife, from waterfowl on the water to deer and turkey at sunrise, all enjoyed from panoramic kitchen views. Evenings bring unforgettable western sunsets, casting a warm glow across your semi-private pond. 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, 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 spacious primary suite with a walk-in closet, vanity area, and a 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 finished ¾ bath with a tiled walk-in shower. The fully finished 36x54 heated and insulated steel outbuilding, complete with concrete floors and a separate electrical panel, provides exceptional space for a workshop, storage, or hobbies. Located in the highly sought-after New Prague School District, this property blends refined updates with peaceful country living—an exceptional opportunity to own your own private retreat that doesn't come up often!

Listing Details MLS# 7056183

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Present
No
Year Built
1992
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
2
Main Floor Total SqFt
1353
Above Grd Total SqFt
1353
Below Grd Total SqFt
1299
Total SqFt
2652
Total Finished Sqft
2489.00
FireplaceYN
No
Style
(SF) Single Family
Foundation Size
1353
Garage Stalls
6
Lot Dimensions
1283x344
Acres
10.13
Assessment Pending
No
Number of Fireplaces
0
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Cable; Ceiling Fan(s); Exercise Room; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Panoramic View; Patio; Porch; Primary Bedroom Walk-In Closet; Security Lights; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer; Water Filtration System Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Full; Storage Space; Tile Shower Bath Description: Upper Level 3/4 Bath; Upper Level Full Bath; 3/4 Primary; Private Primary; 3/4 Basement; Bathroom Ensuite; Walk-In Shower Stall Construction Materials: Block; Frame Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Kitchen/Dining Room; Living/Dining Room Electric: 150 Amp Service; Circuit Breakers Existing Financing: Conventional Exterior: Cement Board; Engineered Wood; Shakes Family Room Characteristics: 2 or More; 2 Story/High/Vaulted Ceilings; Family Room; Lower Level; Main Level Foundation: Concrete Block Fuel: Natural Gas; Propane Heating: Forced Air Internet Options: Fiber Optic Laundry: Electric Dryer Hookup; Lower Level; Sink; Washer Hookup Lock Box Type: Combo Lot Description: Tree Coverage - Heavy Outbuildings: Additional Garage; Machine Shed Parking Characteristics: Finished Garage; Multiple Garages; Garage Door Opener; Heated Garage; Insulated Garage Road Frontage: County Road Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle; Asphalt Shingles Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional; VA Sewer: Mound Septic; Private Sewer; Septic System Compliant - Yes; Tank with Drainage Field Special Search: 3 BR on One Level; Divided Bdr Flr Plan; Primary Bdr Suite Stories: Bi-Level Water: Private; Well Waterfront View: West

Contract Information

Contingency
None
Original List Price
869000
ListPrice
869000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
24391
Street Name
Panama
Street Suffix
Avenue
Postal City
Elko New Market
County
Scott
State
MN
Zip Code
55020

Assessments

Tax With Assessments
3612
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1353
Finished SqFt Below Ground
1136

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
22x22
Garage Square Feet
484
Finished Garage
Yes
Multiple Garages
Yes
Garage Door Opener
Yes
Heated Garage
Yes
Insulated Garage
Yes

Public Survey Info

Range#
22
Section#
14
Township#
113

Office/Member Info

Association
SEMR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
SECTION 14 TOWNSHIP 113 RANGE 022 S1/2 N1/2 SW1/4 NW1/4
Listing City
Elko New Market
Map Page
189
Municipality
Cedar Lake Twp
School District
New Prague Area Schools
School District Phone
952-758-1700
Zip Plus 4
9539
Property ID Number
039140074
Tax Year
2025
Tax Amount
3612
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Prepare for a complete lifestyle change as you experience unmatched privacy and natural beauty on this stunning 10-acre estate. Your journey begins on a tar road and winds through a picturesque, fruit-tree-lined drive—especially breathtaking during spring bloom—setting the tone for the peaceful retreat that awaits. Tucked among mature trees and overlooking a scenic pond, this property offers daily encounters with wildlife, from waterfowl on the water to deer and turkey at sunrise, all enjoyed from panoramic kitchen views. Evenings bring unforgettable western sunsets, casting a warm glow across your semi-private pond. 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, 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 spacious primary suite with a walk-in closet, vanity area, and a 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 finished ¾ bath with a tiled walk-in shower. The fully finished 36x54 heated and insulated steel outbuilding, complete with concrete floors and a separate electrical panel, provides exceptional space for a workshop, storage, or hobbies. Located in the highly sought-after New Prague School District, this property blends refined updates with peaceful country living—an exceptional opportunity to own your own private retreat that doesn't come up often!
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.

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Cable
Yes
Ceiling Fan(s)
Yes
Exercise Room
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Panoramic View
Yes
Patio
Yes
Porch
Yes
Primary Bedroom Walk-In Closet
Yes
Security Lights
Yes
Tile Floors
Yes
Vaulted Ceiling(s)
Yes
Walk-In Closet
Yes
Washer/Dryer Hookup
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Water Filtration System
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes
Egress Windows
Yes
Full
Yes
Storage Space
Yes
Tile Shower
Yes

Bath Description

Upper Level 3/4 Bath
Yes
Upper Level Full Bath
Yes
3/4 Primary
Yes
Private Primary
Yes
3/4 Basement
Yes
Bathroom Ensuite
Yes
Walk-In Shower Stall
Yes

Construction Materials

Block
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes
Kitchen/Dining Room
Yes
Living/Dining Room
Yes

Electric

150 Amp Service
Yes
Circuit Breakers
Yes

Existing Financing

Conventional
Yes

Exterior

Cement Board
Yes
Engineered Wood
Yes
Shakes
Yes

Family Room Characteristics

2 or More
Yes
2 Story/High/Vaulted Ceilings
Yes
Family Room
Yes
Lower Level
Yes
Main Level
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes
Propane
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Internet Options

Fiber Optic
Yes

Lake/Waterfront

Pond
Yes

Laundry

Electric Dryer Hookup
Yes
Lower Level
Yes
Sink
Yes
Washer Hookup
Yes

Lock Box Type

Combo
Yes

Lot Description

Tree Coverage - Heavy
Yes

Outbuildings

Additional Garage
Yes
Machine Shed
Yes

Patio, Porch and Deck Features

Front Porch
Yes
Patio
Yes

Road Frontage

County Road
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Architectural Shingle
Yes
Asphalt Shingles
Yes

Sellers Terms

Adj. Rate/Gr Payment
Yes
Cash
Yes
Conventional
Yes
VA
Yes

Sewer

Mound Septic
Yes
Private Sewer
Yes
Septic System Compliant - Yes
Yes
Tank with Drainage Field
Yes

Special Search

3 BR on One Level
Yes
Divided Bdr Flr Plan
Yes
Primary Bdr Suite
Yes

Stories

Bi-Level
Yes

Water

Private
Yes
Well
Yes

Waterfront View

West
Yes

Room Information

Dining Room Dimensions: 12x10 Level: Upper Fifth (5th) Bedroom Dimensions: 16x11 Level: Lower First (1st) Bedroom Dimensions: 17x14 Level: Upper Fourth (4th) Bedroom Dimensions: 13x14 Level: Lower Foyer Dimensions: 8x11 Level: Main Kitchen Dimensions: 20x15 Level: Upper Living Room Dimensions: 20x15 Level: Upper Recreation Room Dimensions: 12x24 Level: Lower Second (2nd) Bedroom Dimensions: 12x11 Level: Upper Third (3rd) Bedroom Dimensions: 11x10 Level: Upper Other Dimensions: 36x54

Documents

Listing Office: eXp Realty
IDX
Last Updated: April - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.