$459,900

Orr MN 55771

Welcome to Old Oleary Island on stunning Pelican Lake, a rare opportunity to own a fully operational short-term rental with outstanding cash flow and an impressive booking rate on Airbnb/VRBO. Just a one-minute boat ride from the city of Orr, this 2-bed, 1-bath island retreat features water views from nearly every window, a cozy bunk house for extra guests, and a wood-fired hot tub for unforgettable evenings under the stars. A newer septic system and docks on two sides of the island make for easy lake access. In addition to this property, buyers have the chance to purchase another nearby retreat, located just a one-minute boat ride away on the mainland, which may even include a barge for transporting items to and from the island. This is your chance to enjoy a Northwoods retreat while generating strong rental income, whether you keep it as a successful vacation rental, use it as your personal getaway, or both. Endless opportunities - too much to list! Be sure to view the virtual tour!

Additional Details

Year Built:	1993
Living Area:	1040 sf
Bedrooms:	2
Bathrooms:	1
Acres:	0.39 Acres
Lot Dimensions:	178x128
School District:	2142
Subdivision:	Leiding Town Of
County:	St. Louis
Taxes:	$2,731
Taxes With Assessments:	$2,816
Tax Year:	2025

Waterfront Details

Water Body Name:	Pelican
Waterfront Features:	Lake Front
Waterfront Feet:	497
Waterfront Road:	No
Lake Acres:	11546
Lake Depth:	38
DNR Lake Number:	69084100

Room Details

Living Room:	Main Level 10x20
Kitchen:	Main Level 12x13
Bedroom 1:	Main Level 10x12
Bedroom 2:	Main Level 7.9x12
Bedroom 3:	Main Level 9.6x4.4

Additional Features

Appliances: Dryer, Microwave, Range, Refrigerator, Washer
Basement: None
Cooling: Window Unit(s)
Fuel: Electric, Propane
Sewer: Septic System Compliant - Yes
Water: Lake Water
Other Buildings: Bunk House, Storage Shed
Roof: Asphalt
Electric: 100 Amp Service

Listing Status

Active - 1 day on market
2025-08-12 11:37:15 Date Listed
2025-08-13 05:06:05 Last Update
2025-08-12 21:55:13 Last Photo Update
130 miles from our office

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Listed By : Mirabella Realty

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MLS 6770522 Lake Home (Active)