5488 Fairlawn Shores Trail SE
Prior Lake, MN, 55372 $ 2,650,000
Bedrooms4 Baths3.1 Sq 4,496 Monthly Estimate*
$ 18,303
for $2,650,000 with 4 bedrooms and 3 full baths, 1 half bath. This 4,496 square foot home was built in 2006 on a lot size of 0.56.
Some lake homes are defined by the house. At 5488 Fairlawn Shores Trail, it is the entire property that sets this home apart. Situated on .56 acres along Lower Prior Lake, the home is surrounded by mature trees, established gardens, stone paths, covered porches, and outdoor spaces that lead naturally toward the shoreline. The setting provides privacy, usable land, and a depth of character that is increasingly difficult to find on the lake. That character dates back to 1872, when the original cottage was built by a Civil War veteran. Although the cottage is no longer standing, pieces of its history remain throughout the property. Stones from the original rock foundation were preserved and used to create the backyard fire pit. Redwood wall paneling from the cottage was incorporated into the current home. Photographs of the original cottage are displayed inside, along with the veteran’s preserved military pouch. Near the driveway, a streetlamp salvaged from London after World War II adds another unexpected piece of history. The current traditional farmhouse style home was designed to respect what came before. The main level features a welcoming living room with a wood burning fireplace, custom built ins, and warm architectural details. The adjoining sunroom frames panoramic views of Lower Prior Lake, while the kitchen features custom cabinetry, granite countertops, a large center island, and an open connection to the dining and living areas. Covered porches at the front of the home and along the lakeside create comfortable spaces for morning coffee, summer dinners, and evening views across the water. Upstairs, the private primary suite captures elevated lake views and includes a spacious walk in closet and a bathroom with dual vanities and a tiled walk in shower. Additional bedrooms, well designed bathrooms, and upper level laundry provide a practical layout for family and guests. The walkout lower level features a large family room and flexible finished spaces that can serve as an office, gym, hobby area, or accommodations for overnight visitors. It also provides direct access to the backyard and shoreline. Outside, established gardens, a pergola covered patio, the historic stone fire pit, and multiple gathering areas allow the grounds to feel like a natural extension of the home. Positioned between the home and the water’s edge, the Lakeside Retreat features French doors, stained glass, a loft, and a private deck overlooking the lake. The generous lot also provides long term flexibility to expand the home while preserving the property’s privacy and character. This lake property is not limited by its current footprint. It presents a rare opportunity to create a custom estate with multiple possibilities for future expansion. 5488 Fairlawn Shores Trail is more than a lake house. It is a home, a shoreline, and a piece of Lower Prior Lake history brought together in one remarkable property.
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FeaturesGeneralLiving Area 4496
Sewer City Sewer - In Street
Heating Forced Air Fireplace(s) In-Floor Heating
Cooling Central Air
Roof Age Over 8 Years Asphalt
Appliances Dishwasher Disposal Dryer Range Refrigerator Stainless Steel Appliances Washer
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 2006
View Panoramic
Levels Two
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Scott
New Construction N
Property Type Residential
HOA N
Contingency None
Subdivision Name Fair Lawn Shores
Other Structures Bunk House
Full Baths 1
Directions Highway 13 South to 150th St. SE to Fairlawn Shores Trail SE turn Right to home.
City Prior Lake
High School District Prior Lake-Savage Area Schools
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 20676
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Deck Hardwood Floors Kitchen Center Island Primary Bedroom Walk-In Closet Natural Woodwork Porch Panoramic View Sun Room Tile Floors Washer/Dryer Hookup Walk-In Closet
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InteriorBasement Finished In-Floor Heat Walkout
Total Fireplaces 1
Fireplace Features Living Room Wood Burning Stove
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 2835
Half Baths 1
1/4 Baths 0
3/4 Baths 2
Laundry Features Laundry Closet Upper Level
Total Bedrooms 4
Below Grade Finished Area 1661
Total Baths 4
Bath Desc 3/4 Basement 3/4 Primary Main Floor 1/2 Bath Upper Level Full Bath
Dining Room Description Eat In Kitchen Kitchen/Dining Room
Fuel Natural Gas
Garage Dimensions 29x25
Garage Square Feet 725
Waterfront Feet 117
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ExteriorParking Features Attached Garage Asphalt
Water Source City Water - In Street
Lot Size Area 0.56
Building Area Total 4496
Lot Dimensions 111x242x117(L)x205
Waterfront Y/N Y
Foundation Area 1921
Road Frontage Type City Street Paved Streets
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* Excluded FeaturesList Bychris@preferredhometeam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,303
- Monthly Property Taxes
- $1,723
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Prior Lake, MN
Average List Price $1,045,507
Percent of Sale Price 61%
About Prior Lake, MN 26,307 Population
58% Since 2002
$ 99,811 Median Income
40.74 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
3065252 Elementary School
3065289 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/30/2026 | $2,650,000 | | Listed Price |