PRIEST LAKE, Idaho — The Idaho Department of Lands (IDL) is auctioning off eight state endowment-owned lots on Priest Lake valued at a combined nearly $11 million.
IDL said all lots are under lease with cabins on them, and the land is held in trust by IDL for Public Schools beneficiaries.
However, IDL also said the cabins and other improvements on the land are owned by lease owners as personal property.
IDL said if someone who is not the current leaseholder has the high bid, that person who wins the bid must pay the leaseholder the estimated value of the house and personal property on the land at the auction.
Here are the eight properties being auctioned off.
The auction is on Saturday, September 21 at 10:30 a.m. PST. The auction is being held at the Best Western CDA Inn.