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24391 Panama Avenue, Elko New Market, MN 55020

$829,000
  • 24391 Panama Avenue, Elko New Market, MN 55020 Main Photo

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Active Price Reduced by $30,000 on June 9th, 2026
BEDS5 BATHS3 full SQUARE FEET2,489 MLS#7056183
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLNew Prague Area Schools

Property Description

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.

24391 Panama Avenue | MLS# 7056183

This single family home located at 24391 Panama Avenue, Elko New Market, MN 55020 is currently listed for sale with an asking price of $829,000. This property was built in 1992 and has 5 bedrooms and 3 full baths with 2489 sq. ft. Panama Avenue is located within the New Prague Area Schools school district. Search Elko New Market real estate on www.homesbyjoel.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Block, Egress Window(s), Finished, Full, Storage Space, Tile Shower, Walkout
Cooling: Central Air
Fuel Type: Natural Gas, Propane
Garage: 6 car attached
Heating: Forced Air
Lot Size: 10.13 Acres
Roof Type: Age 8 Years or Less, Architectural Shingle, Asphalt
Taxes: $3,612
Year Built: 1992

Feature Descriptions

Additional Living Info.: 3 BR on One Level, Divided Bdr Flr Plan, Primary Bdr Suite
Additional Structures: Garage(s), Shed(s), Storage Shed
Appliances: Dishwasher, Dryer, Gas Water Heater, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Tankless Water Heater, Washer, Water Softener Owned
Bath: 3/4 Basement, 3/4 Primary, Bathroom Ensuite, Private Primary, Upper Level 3/4 Bath, Upper Level Full Bath, Walk-In Shower Stall
Bathrooms 3/4: 2
Bathrooms Full: 1
Days on Site: 58
Dining: Eat In Kitchen, Kitchen/Dining Room, Living/Dining Room
Down Payment Resource: Yes
Exterior: Block, Frame
Foundation Size: 1353
Lot: Tree Coverage - Heavy
Lot Dimensions: 1283x344
Parcel#: 039140074
Parking: Attached Garage, Detached Garage, Gravel, Electric, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
Sewer: Mound Septic, Private Sewer, Septic System Compliant
Water: Private, Well
Water Features: Pond

Room Sizes

Dining Room: 12x10
Bedroom 5: 16x11
Bedroom: 17x14
Bedroom 4: 13x14
Foyer: 8x11
Kitchen: 20x15
Living Room: 20x15
Recreation Room: 12x24
Bedroom 2: 12x11
Bedroom 3: 11x10
Utility Room: 15x11
Workshop: 36x54

Local Schools

School District: New Prague Area Schools

Listed By / Shown By

Listed By

Agency Name: eXp Realty
Agency Phone: 612-751-9303

Shown By

Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541

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Estimated Payment

$ 2,387.79 per month $1,844.99 Principal & Interest $301.00 Property Tax $241.79 Homeowner's Insurance

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