3990 Cannon Lake Trail, Faribault, MN 55021

$250,000
Property Type: Residential Lot Size (sq. ft.): 28,750 Status: Closed
Current Price: $250,000 List Date: 3/27/2026 Last Modified: 5/12/2026

Overview

Description

Rare opportunity to own a beautifully improved lakefront lot on Cannon Lake! Situated on .66 acres, this unique property offers stunning water views from both sides-imagine sunrise coffee and sunset evenings without ever leaving home. The heavy lifting is already done. A newly constructed 3 car garage ( built in 2021) sits above the flood plain, providing immediate utility and a solid start for your future build. The lot has variance approval from the city/county to rebuild on the existing footprint or smaller (34x62) for construction of a new home above the flood plain, and to make things even easier, the sale includes professionally designed house plans valued at $2,500. This property is equipped with an existing well and mound septic system, ready to be reconnected when you build. Whether you're dreaming of a year-round residence or a weekend retreat, the groundwork is in place to bring your vision to life. Enjoy lake living from day one with included dock, boat lift, picnic table, and two fire pits-perfect for entertaining, relaxing, and making the most of every season. If you've been waiting for the right lake lot without the usual headaches, this is it. Build your dream home and start living the lake life you've been planning.

Listing Details MLS# 7044649

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Frontage
188
Waterfront Present
Yes
Year Built
2026
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Total Finished Sqft
0.00
FireplaceYN
No
Lake/Waterfront Name
Cannon
Style
(SF) Single Family
Foundation Size
Yes
Garage Stalls
3
Lot Dimensions
342x24x281x74x81
Acres
0.66
Assessment Pending
Unknown
Number of Fireplaces
0
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Main Floor Total SqFt
0
Above Grd Total SqFt
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: None Amenities Unit: Dock; Panoramic View Basement: None Construction Status: To Be Built/Floor Plan Elevation Highpoint to Waterfront Slope: Gradual Exterior: Other Financing Terms: Conventional Foundation: Other Fuel: Other Heating: None Lock Box Type: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Sewer: Other Stories: One Water: Other

Contract Information

Off Market Date
2026-04-14
Contingency
None
Closed Date
2026-05-11
Original List Price
250000
Sales Close Price
250000
ListPrice
250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3990
Street Name
Cannon Lake
Street Suffix
Trail
Postal City
Faribault
County
Rice
State
MN
Zip Code
55021

Assessments

Tax With Assessments
1164
Assessment Balance
0

Lake Details

Lake Acres
1593
Lake Depth
15

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
36x30
Garage Square Feet
1080

Public Survey Info

Range#
21
Section#
03
Township#
109

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
THOSE PARTS GOV L1 SEC4 & GOV L1 SEC3 LYG SLY C/L CSAH 12 BEG NW COR GOV L1 SEC4 TH ELY ALG N LI GOV L1 SEC4 WH N LI IS ALSO ON LI BTW NW COR & NE COR NW4 SEC3 659.77FT TO NW COR E2 GOV L1 SEC4 TH S0D08'40"W ALG W LI E2 GOV L1 SEC4 262.13FT TAP C/L C NTY HWY 12 TH S80D29'33"E ALG HWY C/L 666.42FT TO TPOB PAR TO BE HD TH S80D29'33"E ALG HWY C/L 341.39FT TH S3D22"55"E ABOUT 79FT TO WATERS EDGE CANNON LAKE TH NWLY ALG WATERS EDGE TAP IN A LI S8D04'13"W TPOB TH N8D04'13"E ABOUT 119FT TO TPOB SEE PAR 14.03.2.25.902 WH IS LEASED LD ON THIS PAR
Listing City
Faribault
Map Page
999
Municipality
Warsaw Twp
School District
Faribault
School District Phone
507-333-6016
DNR Lake ID#
66000800
DNR Lake Classification
General Development
Zip Plus 4
9364
Property ID Number
1403225002
Tax Year
2026
Tax Amount
1164
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare opportunity to own a beautifully improved lakefront lot on Cannon Lake! Situated on .66 acres, this unique property offers stunning water views from both sides-imagine sunrise coffee and sunset evenings without ever leaving home. The heavy lifting is already done. A newly constructed 3 car garage ( built in 2021) sits above the flood plain, providing immediate utility and a solid start for your future build. The lot has variance approval from the city/county to rebuild on the existing footprint or smaller (34x62) for construction of a new home above the flood plain, and to make things even easier, the sale includes professionally designed house plans valued at $2,500. This property is equipped with an existing well and mound septic system, ready to be reconnected when you build. Whether you're dreaming of a year-round residence or a weekend retreat, the groundwork is in place to bring your vision to life. Enjoy lake living from day one with included dock, boat lift, picnic table, and two fire pits-perfect for entertaining, relaxing, and making the most of every season. If you've been waiting for the right lake lot without the usual headaches, this is it. Build your dream home and start living the lake life you've been planning.
Directions
Hwy 60 to Dalton Ave to Property

Accessible

None
Yes

Air Conditioning

None
Yes

Amenities Unit

Dock
Yes
Panoramic View
Yes

Basement

None
Yes

Construction Status

To Be Built/Floor Plan
Yes

Elevation Highpoint to Waterfront Slope

Gradual
Yes

Exterior

Other
Yes

Financing Terms

Conventional
Yes

Foundation

Other
Yes

Fuel

Other
Yes

Heating

None
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Dock
Yes
Lake Front
Yes
Lake View
Yes

Lock Box Type

None
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

Other
Yes

Stories

One
Yes

Water

Other
Yes
Listing Office: RE/MAX Results
IDX
Last Updated: May - 12 - 2026
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