27200 Petes Hill TrailElko New Market, MN 55020
$885,000
5 bedrooms · 5 bathrooms · 3,992 finished sq ft · 0.43 acre lot
About this home
Luxury, privacy, and breathtaking views come together in this custom-built 5-bedroom, 5-bathroom rambler in Pete’s Hill, Elko New Market. Perched at one of the highest points in Scott County, this exceptional home is thoughtfully designed for effortless living, entertaining, and enjoying the surrounding views. The main level features an open-concept living and entertaining layout LVP throughout with 3 bedrooms, 2 bathrooms, an office area, and convenient main-level laundry. The spacious primary suite offers a true retreat with a custom multi-jet shower, expansive walk-through closet with custom built-ins, direct laundry access, as well as walkout access to the maintenance-free deck. The vaulted living room is highlighted by expansive windows, a fireplace with custom stone surround, and custom built-in bookcases and cabinetry, creating a warm and inviting space while showcasing the spectacular views. The gourmet kitchen features quartz countertops, a large center island, custom white cabinetry, GE Slate appliances, and a cleverly concealed walk-in pantry with a hidden door. The finished walkout lower level with in-floor heating is designed for entertaining and relaxation, featuring a spacious family room with fireplace and custom surround, 2 additional bedrooms, 2 bathrooms, workout/exercise room, home theater/gaming area, wine cellar, and an impressive custom 8 seat full wet bar complete with sink, full sized refrigerator, and ice maker. Walk out to the backyard and enjoy the outdoor fire pit area and private setting. Additional highlights include an extra-deep 3+ to almost a 4 car garage with in-floor heating, its own bathroom, and an expansive back wall of cabinetry with abundant storage. A fourth paved side stall provides even more flexibility for additional parking, while the irrigation system keeps the grounds looking their best. Exterior features include durable cement-board siding and a welcoming front porch for relaxing. Located just 2 miles from I-35W and within the highly sought-after Lakeville School District, this property offers the perfect balance of peaceful wooded privacy and convenient access to shopping, dining, golf, and the Twin Cities. A rare opportunity to own a custom luxury home where exceptional craftsmanship, thoughtful design, privacy, and panoramic views come together. Schedule your private showing today and experience luxury living at its finest.
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 2021
- Bedrooms
- 5
- Bathrooms
- 5
- Finished sq ft
- 3,992
- Lot
- 0.43 acres
- Garage
- 3 stalls
- Basement
- Walk-Out Access, Finished, Full, Storage Space, Sump Pump
- Heating
- Electric, Natural Gas, Forced Air, Hot Water
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $8,626 a year
- Listed
- August 11, 2026
- MLS number
- 7125842
Listing courtesy of Coldwell Banker Realty (Richard P. Thake). MLS #7125842.
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How it compares
27200 Petes Hill Trail, Elko New Market, MN 55020 is a 5-bedroom single-family home built in 2021, listed for $885,000 on August 11, 2026 by Coldwell Banker Realty. That is in the upper quarter of the 23 single-family homes for sale in Elko New Market right now (median $479,990; $222 per square foot here against $231 for the group). That works out to $222 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Elko New Market community guideSchools, commutes, parks, home values and local stories.
- Elko New Market housing market, September 2026Homes sold for a median $465,000 over 12 months (+6.9%), 65 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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