Skip to content

15-Acre Estate in Elk River: Spacious Home with Endless Potential for $200,000

December 21, 2024

Welcome to a remarkable opportunity in Elk River! Situated on 15 stunning acres, this two-story home at 21325 County Road 15 NW offers the perfect canvas for your dream property. With 2,628 sq. ft. of finished living space, 4 bedrooms, 2 bathrooms, and a 2-car garage, this property is bursting with potential.

Key Features

  • Expansive 15-Acre Parcel: Enjoy serene views, privacy, and endless possibilities for outdoor living, recreation, or development.
  • Spacious Interior: Featuring a main level with an open-concept living area, a large kitchen with ample cabinets and counter space, a full bathroom, and a mudroom with laundry and sink.
  • Upper-Level Retreats: Three generously sized bedrooms, including a primary suite with a walk-in closet, a private deck, and access to a full bathroom.
  • Lower-Level Comforts: Includes a family room with patio access, a fourth bedroom with double closets, and an unfinished utility room with rough-ins for a third bathroom.

Additional Highlights

  • Recent Upgrades: Newer furnace, A/C, and water heater for added peace of mind.
  • Primary Utilities: Private well and compliant private septic system.
  • Investment Potential: Tax assessed at $460,900 for 2024 with an estimated after-repair value (ARV) of $450,000+.

Property Details

  • Price: $200,000
  • Address: 21325 County Road 15 NW, Elk River, MN 55330
  • Size: 2,628 sq. ft.
  • Bedrooms: 4
  • Bathrooms: 2

Why You’ll Love This Property

Whether you’re an investor seeking a rewarding renovation project or a buyer with a vision for your forever home, this property offers unmatched potential. The expansive acreage is perfect for creating your private oasis, while the home’s layout provides versatility for modern living.

Please Note: Extensive rehab is needed, and the property is being sold “As-Is.” Only cash buyers or those with rehab financing will be considered. The property is currently occupied—showings or land visits require prior approval.

Schedule your showing today to explore this unique opportunity and turn this promising property into a stunning estate. If you’re interested in learning more about this unique property, please contact the listing agent through the Zillow link provided below the photos.

Listed for sale on Zillow