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Malmstrom Is, Orr, MN, 55771

1beds
0baths
700sqft
$325,000
$464price/sqft
$2,243/moest. monthly cost
$89,720/yrincome needed

About This Home

Escape to your own island and enjoy lots of privacy! This wooded 8.75 acre island on Pelican Lake includes a furnished 1 BR log cabin w/large LR/sun room for relaxing and great lake views, kit/DR area takes you back in time w/wood cookstove and gas range & refrigerator and lake views while doing the kitchen "chores" and large bedroom area for plenty of sleeping space. Cabin has solar power or generator for electricity. Storage shed, generator shed, privy, dock and amazing southern exposure views of undeveloped land. The large yard with gradual slope to the lake is ideal for yard games and campfires and the sandy swimming area is great for swimmers of all ages. The island is large enough to build another cabin or it can be subdivided. This island is a must see to appreciate all that it has to offer!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

4/10
7/10
North Woods SecondaryGrades 7-1211.4 mi

Construction

Condition

  • Year built: 1960

Materials

  • Construction materials: Frame,Log

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Bedrooms & Bathrooms

  • Bedrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 700

Heating & Cooling

  • Heating features: Wood Stove
  • Cooling features: None

Interior Area

  • Total structure area: 700
  • Total interior livable area: 700 sqft

Kitchen

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Living Room

  • Level: Main
  • Area: 255
  • Dimensions: 15x17

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 425003000890
  • Zoning description: Shoreline
  • Foundation area: 700

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Bay,Panoramic,South
  • Has water view: Yes
  • Water view: Bay
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Frontage length: Water Frontage: 2140

Lot

  • Lot size: 8.75 Acres
  • Features: Accessible Shoreline,Island/Peninsula,Tree Coverage - Heavy
  • Lot size dimensions: 600 x 780

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Inland Flooding
Lightning
Wildfire

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance *$154$1,848
Property Taxes $276$3,312
Electricity $170$2,050
Total$2,243$26,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$76,902/yr
40% on housing$67,290/yr
45% on housing$59,813/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$464This listing

vs Other Active Listings

Avg $/sqft

ZIP 55771$265
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55771
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-15Listed for sale$325,000

For Sale by Agent

AgentTARYN SANDBERG
BrokerageBIC Realty

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