News Release: Idaho Department of Lands to Auction Eight Priest Lakes Lots

Idaho Department of Lands sent this bulletin at 08/14/2025 08:10 AM MDT

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Idaho Department of Lands to Auction Eight Priest Lakes Lots

August 13, 2025

(BOISE) – Idaho Department of Lands (IDL) will auction eight state endowment lots on Priest Lake appraised at just over $10.4 million for deeded ownership on Saturday, August 23, 2025, in Coeur d’Alene. Six lots are leased and two are unleased.

The auction starts at 10:30 a.m. (PT) at the Best Western – Coeur d’Alene Inn.

All leased lots have cabins on them. The land is held in trust by IDL for Public Schools beneficiaries, but the cabins and other improvements on the land are owned by the leaseholders as personal property. One of the unleased lots also has a cabin on it, which is owned by the endowment.

The current leaseholders applied to participate in the auction. If the high bid is from someone other than the current leaseholder, the winning bidder must pay the leaseholder the appraised value of the home and personal property on the land at the time of the auction. The personal property on the unleased lot is included in the appraised value.

The Idaho Constitution requires a public auction for the sale of endowment lands managed by the State Board of Land Commissioners (Land Board) and IDL. The Land Board previously voted to auction the lots over time instead of continuing to lease them.

Live Auction

WHAT: Priest Lake Cottage Site Lot Auction

WHEN: Saturday, August 23, 2025

TIME: 10:30 AM (PT) Registration begins at 9:30 AM (PT)

WHERE: Best Western Plus Coeur d’Alene Inn

506 W Appleway Avenue

Coeur d’Alene, ID 83814

Learn More About the Properties

More information and photos of the properties for auction can be found at:

BACKGROUND

Under the direction of the Land Board, IDL manages 2.5 million acres of state endowment trust land held in trust for nine beneficiaries. The board is under a constitutional mandate to maximize long-term financial returns for the beneficiaries.

In 2010, the Land Board approved a plan to divest the state’s ownership of cottage sites over time. The Land Board authorized IDL to offer the remaining residential lake lots for auction through 2039. When available, IDL will be auctioning un-leased lots at both Priest and Payette Lakes.

The Land Board is comprised of Idaho’s governor, secretary of state, attorney general, state controller, and superintendent of public instruction.

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MEDIA CONTACT

Sharla Arledge
Idaho Department of Lands
(208) 334-0286
pio@idl.idaho.gov

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