# 4549 Old Oleary Island, Orr, MN 55771

> **TL;DR:** 2bd/1ba single family, $449,900 ($433/sqft), built 1993, 1,040 sqft.
> Fireplace, Waterfront. Est. $2,406/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $449,900 |
| Price/sqft | $433 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 1,040 |
| Year Built | 1993 |
| Lot Size | 16,988 sqft (0.39 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | Active |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,275 |
| Estimated Insurance | $131 |
| **Total** | **$2,406** |

## Key Amenities

- Fireplace
- Waterfront

## Property Highlights

- Built in 1993
- 0.39 acre lot
- Fireplace
- Waterfront

## Description

### Agent 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. 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!

## Location

- **Address:** 4549 Old Oleary Island, Orr, MN 55771
- **Coordinates:** 48.054728, -92.839253
- **Google Maps:** https://www.google.com/maps?q=48.054728,-92.839253

## Virtual Tour & Media

- **Video Tour:** https://my.matterport.com/show/?m=jP9uCNnKzau&mls=1

## Listing Agent

- **Name:** James Marx
- **Brokerage:** Mirabella Realty
- **Broker Phone:** 2189691382
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4549-Old-Oleary-Is_Orr_MN_55771_M93110-87451?f=listhub&s=RAORMN&m=150413&c=propsimple)

## Photos

![4549 Old Oleary Island - Photo 1](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1403799419r.jpg)

![4549 Old Oleary Island - Photo 2](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3232586506r.jpg)

![4549 Old Oleary Island - Photo 3](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3886946015r.jpg)

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![4549 Old Oleary Island - Photo 19](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1985589639r.jpg)

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![4549 Old Oleary Island - Photo 23](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f4226678900r.jpg)

![4549 Old Oleary Island - Photo 24](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2325892443r.jpg)

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![4549 Old Oleary Island - Photo 27](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1425182991r.jpg)

![4549 Old Oleary Island - Photo 28](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2391137289r.jpg)

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![4549 Old Oleary Island - Photo 33](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2776437553r.jpg)

![4549 Old Oleary Island - Photo 34](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f957708840r.jpg)

![4549 Old Oleary Island - Photo 35](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3381875466r.jpg)

![4549 Old Oleary Island - Photo 36](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f4027774988r.jpg)

![4549 Old Oleary Island - Photo 37](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1488395294r.jpg)

![4549 Old Oleary Island - Photo 38](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f776138972r.jpg)

![4549 Old Oleary Island - Photo 39](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2693090516r.jpg)

![4549 Old Oleary Island - Photo 40](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3090526701r.jpg)

![4549 Old Oleary Island - Photo 41](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3490267677r.jpg)

![4549 Old Oleary Island - Photo 42](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2864152976r.jpg)

![4549 Old Oleary Island - Photo 43](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f959605945r.jpg)

![4549 Old Oleary Island - Photo 44](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f3793634422r.jpg)

![4549 Old Oleary Island - Photo 45](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1726434097r.jpg)

![4549 Old Oleary Island - Photo 46](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f4158424103r.jpg)

![4549 Old Oleary Island - Photo 47](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f4004449134r.jpg)

![4549 Old Oleary Island - Photo 48](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f2772072946r.jpg)

![4549 Old Oleary Island - Photo 49](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f364083513r.jpg)

![4549 Old Oleary Island - Photo 50](http://lh.rdcpix.com/c7118683975ac373f28cd0f4168c6315l-f1490391348r.jpg)

---

**MLS#:** 150413 | **Updated:** 2026-10-27
**Source:** listhub

*Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/4549-old-oleary-island-orr-mn-55771-468a1c892c4d47bcb486d62b57db51d0)

---

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