4549 Old Oleary, Leiding Twp, MN
$449,900 - Pelican Lake
2
Beds
1
Bath
1,040
Square feet
0.39
Acres
About 4549 Old Oleary
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!
Features of 4549 Old Oleary
| MLS® # | 6770522 |
|---|---|
| Price | $449,900 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,040 |
| Acres | 0.39 |
| Year Built | 1993 |
| Type | Single Family |
| Sub-Type | Residential |
| Style | Single Family Residence |
| Status | Active |
| Contingency Type | None |
| Lake Name | Pelican Lake |
Community Information
| Address | 4549 Old Oleary |
|---|---|
| Subdivision | Leiding Town Of |
| City | Leiding Twp |
| County | St Louis |
| State | MN |
| Zip Code | 55771 |
Amenities
| Garages | Off Site |
|---|---|
| View | Lake, Panoramic |
| Is Waterfront | Yes |
| Waterfront | Lake Front |
| Has Pool | No |
Interior
| Appliances | Dryer, Microwave, Range, Refrigerator, Washer |
|---|---|
| Heating | Baseboard, Dual |
| Cooling | Window Unit(s) |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Has Basement | Yes |
| Basement | None |
Exterior
| Lot Description | Island/Peninsula |
|---|---|
| Roof | Asphalt |
| Construction | Wood Siding |
School Information
| District | St. Louis County |
|---|
Additional Information
| Zoning | Residential-Single Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $2,731 |
| Tax Year | 2025 |
| Office | Mirabella Realty |
Listing Details
| Office | Mirabella Realty |
|---|