Prior Lake Real Estate
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5488 Fairlawn Shores Trail SE

Prior Lake, MN 55372

$2,650,000
4 bd·4 ba·4,496 sqft·13 days active
Listed by RE/MAX PreferredMLS #7071358Active

Photos for this home are being added. For questions, call or text Mark at 612-201-5447.

Contact

Questions about this home?

Reach Mark Gores of RE/MAX Advantage Plus directly, or set up a time to see it.

Some lake homes are defined by the house. At 5488 Fairlawn Shores Trail, the entire property sets it apart. Set 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 offers 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, parts of its history remain throughout the property. Stones from the original rock foundation were preserved and used to build 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. Inside, the main level includes 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 offers custom cabinetry, granite countertops, a large center island, and an open connection to the dining and living areas. Covered front and lakeside porches provide 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 bath with dual vanities and a tiled walk-in shower. Additional bedrooms, well-designed bathrooms, and upper-level laundry create a practical layout for family and guests. The walkout lower level includes a large family room and flexible finished spaces for an office, gym, hobbies, or overnight visitors, with direct access to the backyard and shoreline. Outside, established gardens, a pergola-covered patio, the historic stone fire pit, and multiple gathering areas make the grounds feel like an extension of the home. Set 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 offers 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 is 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.

The facts

Property type
Single Family
Year built
2006
Finished sqft
4,496
2,835 above grade, 1,661 below
Lot size
0.56 acres
Garage
2 spaces
Levels
Two
Basement
Finished, In-Floor Heat, Walkout
Heating
Forced Air, Fireplace(s), In-Floor Heating
Cooling
Central Air
Fireplaces
1
School district
Prior Lake-Savage Area Schools

Bathrooms: 1 full, 2 three-quarter, 1 half.

Room by room

RoomLevelSize
FoyerMain12x6
OfficeMain10x8
Living RoomMain20x15
Sun RoomMain13x12
Dining RoomMain14x14
PorchMain14x13
Pantry (Walk-In)Main8x5
WorkshopMain17x14
BedroomUpper16x13
Bedroom 2Upper11x11
Bedroom 3Upper15x11
Primary BathroomUpper10x10
Walk-In ClosetUpper10x9
Amusement RoomLower35x17
Exercise RoomLower13x12
Bedroom 4Lower14x12
StorageLower26x10
DeckMain14x10
KitchenMain13x16

Room dimensions in feet, as submitted to the MLS.

On Lower Prior

Lakefront
Shoreline
117 ft
Lake size
956 acres
Max depth
60 ft
DNR class
General Development

Lake-by-lake pricing and the Prior Lake waterfront premium →

How the numbers sit

List price vs Shangri-La median
482% above
The 6-month median sale price in Shangri-La is $455,000.
Price per square foot
$589/sqft
Shangri-La closed sales average $329/sqft.
Property taxes (2026)
$20,676/yr
That is 0.8% of the list price. Prior Lake homes sold since 2023 average 0.83%.
HOA
None on record
43.3% of Prior Lake homes sold since 2023 carry an HOA.

Comparisons use closed-sale medians computed from the NorthstarMLS feed for this site’s market pages. They describe the market, not the value of this home.

The neighborhood

What did homes near this one actually sell for?

List prices are asking numbers. The sold prices in the MLS are the real ones. Leave your name and email, and Mark Gores of RE/MAX Advantage Plus will pull the recent sales around this home and send them to you personally.

One email with the numbers. No drip campaign, no list.

Listings courtesy of NorthstarMLSBroker Reciprocity

Source. Listing courtesy of RE/MAX Preferred via NorthstarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 12, 2026 at 5:00 AM. 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. Some IDX listings have been excluded from this website.

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