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4 Beds
4 Baths
4,496 sqft

$2,650,000

5488 Fairlawn Shores Trail SE, Prior Lake MN, 55372

Price per sqft$589.41
Built in2006
Property size4,496 sqft
Property typeResidential
Courtesy of RE/MAX Preferred, Chris P Rooney Listing Contact:

Overview

Active

Listed Jul 30, 2026

Updated 7h ago

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.

$17,631/mo

Est. mortgage payment based on a $2,650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7071358

Interior Features

Bedrooms
4
Bathrooms
4
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.56 Acres

Other Property Details

Taxes
$20,676
Tax Frequency
Annually
Garage
Yes
View
Yes
Waterfront
Yes
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jimly Harris shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 5:59 AM UTC on 9/23/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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