Lake Home For Sale
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 /. 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!Property Details
- Beds: 2
- Baths: 1.0
- Sq Feet: 1040
- Year Built: 1993
- Location:
- Acres: 0.390
- Lakefront: Yes
- Lakeview: Yes
- Heat/AC: Baseboard, Electric (Heating), Fireplace(s), Natural Gas, Propane (Heating)
- Garage: None
- Roof: Asphalt, Shingle
- Stories: 1
- Fireplaces: Has Fireplace
- MLS #: 148852
Location
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Contact Information:
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Listing Agent: James Marx, Mirabella Realty, 218-969-1478, 218-262-3993 Listing Site, Listing Status: Active
Copyright © 2025 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.
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Ad Statistics:
| Ad Number : | 6511657 |
| Viewed: | 3 times |
| Added: | Aug 12, 2025 |
| Updated on: | Aug 12, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
