15219 Fairbanks Trail NEPrior Lake, MN 55372
$1.399999 million
4 bedrooms · 3 bathrooms · 3,428 finished sq ft · 0.17 acre lot
About this home
Newly completed improvements bring a fresh look to this custom-built 4BR/3BA home on Lower Prior Lake, offering 3,400+ finished square feet, a walkout lower level, and exceptional indoor-outdoor living. Recent exterior enhancements include NEW deck railings, a new boulder shoreline retaining wall, restored front entry and exterior stair railings, and an expanded lakeside patio. Inside, white oak-washed hardwood floors extend throughout the main level and staircase, complemented by custom glass-insert railings, fresh paint, new interior doors, updated lighting, blinds, and ceiling fans. The kitchen features stainless steel appliances, a 4-seat center island that opens to the dining and living areas, and access to the maintenance-free deck overlooking the lake. The spacious primary suite includes a walk-in closet, a private bath with a jetted tub and a separate shower, and a private balcony with lake views. The walkout lower level is ideal for entertaining with a family room, built-ins, gas fireplace, wet bar, two additional bedrooms, and a full bath, plus 600+ square feet of unfinished space with 50-amp electrical service offering potential for a home gym, workshop, additional living space, or storage. Enjoy a gentle slope to the water, sandy shoreline, and desirable no-wake setting ideal for swimming, paddleboarding, kayaking, and relaxing at the water’s edge. Heated and insulated 3-car garage with epoxy-coated floors, oversized driveway, permanent dock included, and boat lift negotiable. An extensively updated Lower Prior Lake waterfront home ready to enjoy!
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1992
- Bedrooms
- 4
- Bathrooms
- 3
- Finished sq ft
- 3,428
- Lot
- 0.17 acres
- Garage
- 3 stalls
- Basement
- Walk-Out Access, Block, Finished, Storage Space, Daylight
- Heating
- Natural Gas, Forced Air
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $11,914 a year
- Listed
- August 22, 2026
- MLS number
- 7131854
Listing courtesy of RE/MAX Advantage Plus (Solomon Thomas). MLS #7131854.
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How it compares
15219 Fairbanks Trail NE, Prior Lake, MN 55372 is a 4-bedroom single-family home built in 1992 on Lower Prior Lake, listed for $1.399999 million on August 22, 2026 by RE/MAX Advantage Plus. That is in the upper quarter of the 52 single-family homes for sale in Prior Lake right now (median $699,900; $408 per square foot here against $208 for the group). That works out to $408 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
- Prior Lake community guideSchools, commutes, parks, home values and local stories.
- Lower Prior LakeLake facts from the Minnesota DNR, access and every lakefront home for sale.
- Prior Lake housing market, September 2026Homes sold for a median $500,000 over 12 months (+2.3%), 62 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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