(BOISE) – The Idaho Department of Lands (IDL) sold five endowment-owned lots at Priest Lake for deeded ownership during a public auction. Three additional properties received no bids and did not sell.

The public auction generated $7,901,000. Each of the five properties sold had only one bid.

All leased properties auctioned today have homes on them. The land is held in trust by IDL for State Public Schools beneficiaries, but the cabins and other improvements on the land are owned by the leaseholders as personal property.

One of the properties that sold was an unleased lot that also has a home on it.

Current leaseholders purchased 4 of the 5 sold lots, 1 of the lots was won by a non-lessee bidder. The winning non-lessee bidders will pay the amount bid for the land and the appraised value of the personal property, which is also owned by the endowment.

The Idaho Constitution requires a public auction for the sale of state endowment trust lands, and IDL can accept no less than the appraised value of the properties.

Auction Results 8-23-25 Priest Lake Auction Results Learn More About the Properties More information and photos of the properties for auction can be found at: 364 Eight Mile Road, Coolin 395 Eight Mile Road, Coolin 172 Rosalia Bay Loop, Coolin 1449 Priest Lake Shore Drive, Coolin 36 Mission Court a/k/a 1174 Cape Horn Road, Coolin   108 Powerline Road, Coolin   88 Upper Powerline Road, Coolin 330 Pinto Point Road, Coolin 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.