Recently Viewed Properties

No photo available

See This Home
Save This Listing
Close

$449,900

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Total Bath
  • 1,040 Sq. Ft.

No photo available

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!

Full Property Details for 4549 Old Oleary Is

General

  • Price: $449,900
  • Status: Active
  • Type: Single Family
  • Source: 1404
  • MLS ID: 148852
  • Updated: 9/11/2025
  • Added to Site: 158 day(s) ago

Interior

  • Fireplace(s): 1 Fireplace
  • Appliances: Refrigerator, Washer, Gas Range

Rooms

Bathrooms

  • Total Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: 10 x 12, Main
  • Bedroom 2: 7.9 x 12, Main
  • Bedroom 3: 9.6 x 4.4, Main

Other Rooms

  • Living Room: 10 x 20, Main
  • Kitchen: 12 x 13, Main
  • Dining Room: -
  • Rec Room: -

Exterior

  • Porch/Patio/Deck: Deck, Porch, Enclosed, Screened

Parking

  • Garage Description: None

Location

  • Area: Cook/Orr

School Information

  • School District: St.Louis County-2142

Heating & Cooling

  • Heating Type: Dual Fuel/Off Peak, Electric, Baseboard, Gas - Propane
  • Water Heater: Electric

Utilities

  • Utility Description: Septic, Lake Water System, Gas

Structural Information

  • Architectural Style: One Story, Seasonal
  • Construction: Wood Frame
  • Exterior Const.: Wood
  • Roof: Asphalt, Shingle
  • Amps: 100
  • Square Feet: 1,040
  • Main/1st Level: 1,040 Sq. Ft.
  • Basement Finished: 0%
  • Year Built: 1993

Lot Features

  • Lot Size (Acres): 0.39
  • Lot Dimensions: 178 x 128

Water Features

  • Water Front: Yes
  • Boat Access Desc: Yes
  • Water Front Type: 1 - Lake
  • Water Front Name: Pelican

Disclosures and Reports

  • Property ID: 425-0030-00010

Listed by Mirabella Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 4549 Old Oleary Is —

  • Mirabella Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4549 Old Oleary Is

School District:St. Louis County School District
NameGradesDistance
North Woods Elementary School, Cook, MN
10248 Olson Road, Cook, MN 55723
PK-611.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4549 Old Oleary Is Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/11/2025
Price Reduced
$449,900
-2.17%
MLS
8/12/2025
Listed
$459,900
170.53%
MLS
1/22/2021
Sold
$170,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4549 Old Oleary Is

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,816
—
$239,200
5%
2025
$2,816
25%
$227,600
21%
2024
$2,256
13%
$187,800
82%
2023
$2,000
59%
$103,000
-4%
2022
$1,256
-10%
$107,300
-5%
2020
$1,402
88%
$112,900
38%
2019
$744
-2%
$81,897
—
2018
$758
-1%
$81,897
—
2017
$766
-23%
$81,897
-19%
2016
$990
7%
$100,800
8%
2015
$926
-40%
$93,600
-22%
2014
$1,531
—
$120,000
—
2013
$1,528
—
$120,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4549 Old Oleary Is

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Mirabella Realty

Just Listed near 4549 Old Oleary Is

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1874 Johnson Rd, Cook, MN 55723 - Photo 1 Just Listed
$41,800

1874 Johnson Rd  Cook, MN 55723

  • Lots/Land
  • Active
  • Updated 2 days ago
  • 21.5
    Acres
Listed by Edina Realty, Inc. - Duluth
8442 Hwy 24, Cook, MN 55723 - Photo 1 Just Listed
$1,500,000

8442 Hwy 24  Cook, MN 55723

  • Single Family
  • Active
  • Updated 10 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,946
    Sq. Ft.
Listed by BIC Realty
Tbd Hwy 22, Cook, MN 55703 - Photo 1 Just Listed
$63,000

Tbd Hwy 22  Cook, MN 55703

  • Lots/Land
  • Active
  • Updated 2 days ago
  • 11
    Acres
Listed by BIC Realty

Price Reduced near 4549 Old Oleary Is

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

Xxxx W Riek Rd, Cook, MN 55723 - Photo 1 Price Reduced
-$3,000 (-6.99%)
$39,900

Xxxx W Riek Rd  Cook, MN 55723

  • Agricultural Land
  • Active
  • Updated 3 days ago
  • 20
    Acres
Listed by Think Minnesota Realty LLC

Recent Sales near 4549 Old Oleary Is

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

10689 Shady Grove Ln, Orr, MN 55771 - Photo 1 Sold
$499,000

10689 Shady Grove Ln  Orr, MN 55771

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,552
    Sq. Ft.
Listed by RE/MAX Lake Country
Sold by Non Member File
10689 Shady Grove Ln, Orr, MN 55771 - Photo 1 Sold
$499,000

10689 Shady Grove Ln  Orr, MN 55771

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,552
    Sq. Ft.
Listed by RE/MAX Lake Country
Sold by Bear Island Realty LLC
10689 Shady Grove Ln, Orr, MN 55771 - Photo 1 Sold
$499,000

10689 Shady Grove Ln  Orr, MN 55771

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,552
    Sq. Ft.
Listed by Re/Max Lake Country
3096 Vermilion Dr, Cook, MN 55723 - Photo 1 Sold
$403,500

3096 Vermilion Dr  Cook, MN 55723

  • Commercial Service
  • Closed
  • 2,626
    Sq. Ft.
Listed by Vermilion Land Office Inc

4549 Old Oleary Island, Orr, MN 55771 (MLS# 148852) is a Single Family property with 2 bedrooms and 0 full bathrooms. 4549 Old Oleary Island is currently listed for $449,900 and was received on August 12, 2025. Want to learn more about 4549 Old Oleary Island? Do you have questions about finding other Single Family real estate for sale in Orr? You can browse all Orr real estate or contact a Coldwell Banker agent to request more information.

Tour this property