WordReference Random House Unabridged Dictionary of American English © 2019
fair•y•land  (fârē land′),USA pronunciation n. 
  1. the imaginary realm of fairies.
  2. any enchantingly beautiful region.
  • fairy + land 1580–90

Collins Concise English Dictionary © HarperCollins Publishers::

fairyland /ˈfɛərɪˌlænd/ n
  1. the imaginary domain of the fairies; an enchanted or wonderful place
  2. a fantasy world, esp one resulting from a person's wild imaginings

'fairyland' also found in these entries:

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