8760 240th Street E, Lakeville, MN 55044 - MLS# 7166691
$724,900
Welcome to your country retreat! Enjoy the best of country living on 10.63 partially wooded acres, conveniently located on a tarred road with easy access to I-35W and just a short drive to shopping, restaurants, and everyday amenities! This property has so much to offer, including numerous recent major updates that make it move-in ready. The main level features three bedrooms, updated appliances, attractive LVP flooring, new carpet
in all bedrooms and a open living room with built in bookcases and great views. The finished lower
level offers an inviting, open family room, an additional bonus room, and a beautifully remodeled 3/4 bathroom-providing plenty of space for entertaining, relaxing, working from home, or
accommodating guests. The exterior is equally impressive, featuring an oversized 23' x 31' inside garage measurements, a newly installed 28' x 34' concrete parking pad, and an additional 18' x 10' concrete entryway/ patio pad. Major improvements also include a brand-new septic system and a newly installed well pressure tank. A Rare Opportunity with Endless Possibilities! One of the most unique features of this property is its potential for multi-generational living or future investment opportunities. The sellers have completed much of the groundwork and obtained Scott County approval for the option to split the property into two approximately 5.32-acre parcels. A new survey has been completed, along with an approved primary and alternate (secondary) location. Whether you envision keeping the entire 10.63 acres as your own private country retreat, exploring the possibility of creating a second homesite, or taking advantage of the multi-generational living potential, this property offers flexibility and opportunities that are hard to find. So much space, so many updates, and so many possibilities! Come see everything this unique
property has to offer
Interior Information
Size & Levels
Bathrooms
Rooms
Main Level Rooms
Lower Level Rooms
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Schools
Questions and Answers
How much is 8760 240th Street E?
8760 240th Street E in Lakeville, MN, is listed at $724,900 as of Oct 31, 2026 ($428 per finished square foot and 1 days on market).
What school district is 8760 240th Street E in?
The MLS lists the school district as New Prague Area Schools (ISD 721). Confirm enrollment with the district.
What are the property taxes for 8760 240th Street E?
Property taxes are $5,191 for 2026, or $5,218 including special assessments.
Does 8760 240th Street E have an HOA fee?
No. The listing shows no homeowners association fee.
Is 8760 240th Street E on city water and sewer?
It has a private well and a private septic system. Minnesota requires a septic disclosure, and many lenders and buyers order a compliance inspection.
How do I schedule a showing of 8760 240th Street E?
Call Pederson Realty anytime at 612-356-2121 to ask about this home, schedule a showing, or be connected to an agent. You can also contact the agent shown on this page or use the Tour in Person button. We can usually set up a showing within a day.
