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$449,900
/mo Edit
Single Family:  1 Story
2 br • 1 ba • Built 1993
1,040 sqft • 0.39 acres
MLS# 6770522
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    Property Description

    Welcome to Old Oleary Island on stunning Pelican Lake, a rare opportunity to own a fully operational short-term rental with good 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. Newer septic system and docks on two sides of the island make for easy lake access. 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!

    Listing

    Contingency: None
    Price per sq ft: $433
    City: Orr
    County: St. Louis
    State: MN
    Property Style: 1 Story
    Zip Code: 55771
    Subdivision Name: Leiding Town Of

    Interior

    Living Area: 1,040 ft2
    Common Wall: No
    Appliances Included:
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Air Conditioning: Window Unit(s)
    Foundation Size: 1,040 ft2
    Handicap Accessible: None
    Out Buildings: Bunk House, Storage Shed
    Heating System:
    • Baseboard
    • Dual Fuel/Off Peak
    Parking Features: Off Site
    Unit Amenities:
    • Deck
    • Hot Tub
    • Panoramic View
    • Porch
    Road Frontage: None
    Exterior Material: Post and Beam
    Roof Details: Asphalt

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: None
    3/4 Baths: None
    Bathroom Details: Main Floor Full Bath
    Main Level Size Sq Ft
    Living Room  10 x 20  200 
    Kitchen  12 x 13  156 
    Bedroom  10 x 12  120 
    Bedroom 2  7.9 x 12  84 
    Bedroom 3  9.6 x 4.4  36 

    Lake & Waterfront

    Waterfront View: Lake, Panoramic
    WF Frontage: 497
    Waterfront: Lake Front

    Lot & Land

    Acres: 0.39
    Geolocation: 48.054653, -92.839363
    Lot Dimensions: 178 x 128
    Zoning: Residential-Single Family
    Lot Description: Island/Peninsula

    Schools

    School District: 1046
    District Phone: 2187498130

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,731
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,816
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System:
    • Electric
    • Propane
    Sewer System: Septic System Compliant - Yes
    Water System: Lake Water

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Mirabella Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.