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5488 Fairlawn Shores Trail SE

5488 Fairlawn Shores Trail SE, Prior Lake, MN 55372 - MLS# 7071358

MLS® #: 7071358|Listed: Jul 30, 2026

$2,650,000

Bedrooms
4
Bathrooms
4
Square Feet
4,496
Acres
0.56
Year Built
2006
Property Type
Residential
Heating
Wood Stove, Natural Gas, Forced Air, Fireplace(s)
Cooling
Central Air
Garages
2
School District
719 - Prior Lake-Savage Area Schools

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.

5488 Fairlawn Shores Trail SE, Prior Lake, MN 55372

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Interior Information

BasementFinished, In-Floor Heat, Walkout
AppliancesDishwasher, Disposal, Dryer, Range, Refrigerator, Stainless Steel Appliances, Washer
CoolingCentral Air
HeatingForced Air, Fireplace(s), In-Floor Heating
FuelNatural Gas
Fireplaces1
Fireplace FeaturesLiving Room, Wood Burning Stove
LaundryLaundry Closet, Upper Level
Dining RoomEat In Kitchen, Kitchen/Dining Room
Interior AmenitiesDeck, 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

Size & Levels

LevelsTwo
Total Finished Sq Ft4,496 sq ft
Above Grade Finished2,835 sq ft
Below Grade Finished1,661 sq ft
Main Level Finished1,667 sq ft

Bathrooms

Full Baths1
3/4 Baths2
1/2 Baths1
Bathroom Details3/4 Basement, 3/4 Primary, Main Floor 1/2 Bath, Upper Level Full Bath

Rooms

Main Level Rooms

Living Room20' x 15'
Dining Room14' x 14'
Kitchen13' x 16'
Office10' x 8'
Pantry (Walk-In)8' x 5'
Foyer12' x 6'
Porch14' x 13'
Deck14' x 10'
Sun Room13' x 12'
Workshop17' x 14'

Upper Level Rooms

Bedroom16' x 13'
Bedroom 211' x 11'
Bedroom 315' x 11'
Walk-In Closet10' x 9'
Primary Bathroom10' x 10'

Lower Level Rooms

Bedroom 414' x 12'
Storage26' x 10'
Exercise Room13' x 12'
Amusement Room35' x 17'

Exterior & Parking

ExteriorCement Board
RoofAge Over 8 Years, Asphalt
FoundationPoured Concrete
Patio / PorchDeck, Front Porch, Porch, Screened
Garage Stalls2
Garage Size29x25 (725 sq ft)
ParkingAttached Garage, Asphalt

Lot & Utilities

Property SubtypeSingle Family
Lot Size0.56 acres
Lot Dimensions111x242x117(L)x205
ZoningResidential-Single Family
SubdivisionFair Lawn Shores
TownshipPrior Lake
CountyScott
SewerCity Sewer - In Street
WaterCity Water - In Street
Road FrontageCity Street, Paved Streets
Other StructuresBunk House
WaterfrontLake Front

Financial & Tax Information

Annual Taxes$20,676
Tax Year2026
Tax w/ Assessments$20,676
Assessment PendingNo
Parcel Number250310061
Financing OptionsConventional, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions
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Listed by: RE/MAX Preferred
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.