Idaho to auction Priest Lake lots Thursday

August 26, 2014

This is a press release from the Idaho Department of Lands that we are including here for the information of our readers. The Idaho Department of Lands (IDL) will auction 59 lakefront Priest Lake lots for deeded ownership during a live public auction Thursday in Coeur d’Alene. WHAT: Priest Lake Cottage Sites Voluntary Auction for Ownership WHEN: Thursday, August 28, 2014 beginning at 1:00 p.m. PST WHERE: Coeur d’Alene Resort, 115 S. 2nd St., Coeur d’Alene Lots will be auctioned in groups of approximately 15 lots. There are four groupings of lots. The first group will be auctioned beginning at 1 p.m., the second group at 3 p.m., the third group at 5 p.m., and the fourth group at 7 p.m. It is expected to take less than an hour to auction the lots in each grouping. All auction property is waterfront. A comprehensive list of lots organized by neighborhood is available on the Corbett Bottles web site at this link: http://www.corbettbottles.com/ The bid price at auction will be for the LOT ONLY. The land is owned by the State of Idaho and managed under a constitutional mandate to maximize long term financial returns for public schools. The homes and other personal property on the land are privately owned by the individuals and families that lease the land from the State. Property being sold “AS-IS,” with no contingencies. If someone other than the individual who currently leases the land is the successful high bidder, that person must pay the lessee for the value of their cabin and other improvements. For details on the auction, see the attached fact sheet by clicking here. Previous announcements from IDL indicated a higher number of lots to be auctioned, but some participants chose not to proceed to auction.