Owl was originally named the "Louise Idaho" when she was originally launched by the McKenzie Barge and Derrick Company in North Vancouver, BC in 1942. She worked as an inland tug until 1964, and was then sold to Nelson Pomeroy of Bainbridge Island, who renamed the boat "Owl" and oversaw the tug's two-year conversion to a pleasure yacht at the Weldcraft Steel and Marine Boatyard in Bellingham. PNW naval architect Edwin Monk designed her conversion, which included an entirely new house with a flybridge along with a redesigned lower deck with three cabins and two heads. The Pomeroy family cruised Owl to Canada and sometimes as far as Alaska every summer for the next 19 years.
In 1985, Pomeroy sold Owl to Frank and Carol Didier of Bellevue, WA and Ketchikan, AK. In 1990 she was sold to Harriett Stimson Bullitt, who moved her to her current berth in Seattle's Lake Union. Harriett Bullitt and her husband Alex Voronin cruised the Salish Sea with their family on Owl for the next 18 years, continuing Owl's tradition of being a family boat that explores the Pacific Northwest. Under their care, Owl became somewhat of an institution on Seattle's waterfront, used by rowers and sailors alike as a mark for their courses across Lake Union.
In 2021, the current owners Jenna Miller and James Utzschneider spotted a "For Sale by Owner" sign in Owl's window while kayaking in Lake Union one month after completing a nine-year circumnavigation on their catamaran Sophie. Experienced sailors, Miller and Utzschneider currently live on Owl with their family and look forward to cruising Owl to Alaska on her 100th birthday in 2042. They view themselves as stewards of a Pacific Northwest institution and will continue to honor and preserve her past while actively cruising her up and down the Salish Sea.