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. 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!
For sale
$449,900
4549 Old Oleary Is, Orr, MN 55771
2beds
1baths
1,040sqft
Residential, Seasonal
Built in 1993
0.39 Acres Lot
$-- Zestimate®
$433/sqft
$-- HOA
What's special
- 56 days
- 226
- 12
Zillow last checked:
Listing updated:
Listed by:
James Marx,
Mirabella Realty
Source: Range AOR,MLS#: 150413
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Bedroom 1
- Level: Main
- Area: 120
- Dimensions: 10 x 12
Bedroom 2
- Level: Main
- Area: 94.8
- Dimensions: 7.9 x 12
Bedroom 3
- Level: Main
- Area: 42.24
- Dimensions: 9.6 x 4.4
Kitchen
- Area: 156
- Dimensions: 12 x 13
Living room
- Level: Main
- Area: 200
- Dimensions: 10 x 20
Heating
- Dual Fuel/Off Peak, Electric, Baseboard, Propane
Appliances
- Included: Refrigerator, Washer, Gas Range, Electric Water Heater
Features
- Number of fireplaces: 1
- Fireplace features: 1 Fireplace
Interior area
- Total structure area: 1,040
- Total interior livable area: 1,040 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
- Has garage: Yes
Features
- Levels: One
- Patio & porch: Deck, Porch, Enclosed, Screened
- Exterior features: Guttering: Yes
- On waterfront: Yes
- Waterfront features: Lake Front
- Body of water: Pelican
Lot
- Size: 0.39 Acres
- Dimensions: 178 x 128
- Features: Irregular Lot
Details
- Parcel number: 425003000010
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Seasonal
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1993
Utilities & green energy
- Electric: Amps: 100
- Utilities for property: Septic, Lake Water System, Natural Gas Connected
Community & HOA
Location
- Region: Orr
Financial & listing details
- Price per square foot: $433/sqft
- Tax assessed value: $265,700
- Annual tax amount: $2,816
- Date on market: 7/25/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $449,900$433/sqft |
Source: Range AOR #150413 Report a problem | ||
| 7/25/2026 | Listing removed | $449,900$433/sqft |
Source: Range AOR #148852 Report a problem | ||
| 7/2/2026 | Listing removed | $449,900$433/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6770522 Report a problem | ||
| 4/21/2026 | Contingent | $449,900$433/sqft |
Source: Range AOR #148852 Report a problem | ||
| 9/11/2025 | Price change | $449,900-2.2%$433/sqft |
Source: Range AOR #148852 Report a problem | ||
| 8/12/2025 | Listed for sale | $459,900+170.5%$442/sqft |
Source: Range AOR #148852 Report a problem | ||
| 1/29/2021 | Sold | $170,000-10.1%$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5699174 Report a problem | ||
| 1/8/2021 | Pending sale | $189,000$182/sqft |
Source: RE/MAX Lake Country #6094518 Report a problem | ||
| 9/24/2020 | Listed for sale | $189,000$182/sqft |
Source: RE/MAX Lake Country #5231972 Report a problem | ||
| 8/31/2020 | Pending sale | $189,000$182/sqft |
Source: RE/MAX Lake Country #5231972 Report a problem | ||
| 7/31/2020 | Price change | $189,000-5%$182/sqft |
Source: RE/MAX Lake Country #5231972 Report a problem | ||
| 5/16/2019 | Listed for sale | $199,000+65.8%$191/sqft |
Source: RE/MAX Lake Country #137099 Report a problem | ||
| 8/21/2014 | Sold | $120,000$115/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,816 +24.8% | $265,700 +11.1% |
| 2024 | $2,256 +12.8% | $239,200 +5.1% |
| 2023 | $2,000 +59.2% | $227,600 +21.2% |
| 2022 | $1,256 -10.4% | $187,800 +82.3% |
| 2021 | $1,402 | $103,000 -8.8% |
| 2020 | $1,402 | $112,900 |
| 2019 | $1,402 +85% | $112,900 +3.3% |
| 2018 | $758 +1.9% | $109,300 |
| 2017 | $744 -1.8% | $109,300 |
| 2016 | $758 -1% | $109,300 +16.8% |
| 2015 | $766 -22.6% | $93,600 -22% |
| 2014 | $990 -35.2% | $120,000 |
| 2013 | $1,528 +3.6% | $120,000 |
| 2012 | $1,476 +14.9% | $120,000 |
| 2011 | $1,284 -5% | $120,000 -6.9% |
| 2010 | $1,352 | $128,900 |
| 2009 | $1,352 +10.6% | $128,900 +0.8% |
| 2008 | $1,222 +6.5% | $127,900 +15% |
| 2007 | $1,147 +11.4% | $111,200 +15% |
| 2006 | $1,030 +10.7% | $96,700 +32.3% |
| 2004 | $931 +3.9% | $73,100 +12.3% |
| 2003 | $896 +6.8% | $65,100 +10% |
| 2002 | $839 -1.3% | $59,200 +8.4% |
| 2001 | $849 +3% | $54,600 +8.5% |
| 2000 | $825 | $50,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55771
Nearby schools
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