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Auction’s back on; more lots sell for appraised value

And the auction is back on, as sixty state cabin sites on Priest Lake are put on the auction block today at the Coeur d’Alene Resort. The first one in the second batch, a $650,000 lot with a cabin on it valued at $582,800, has, like the earlier ones, sold to the existing lessee for the appraised value. The result was greeted with cheers and applause. The white-haired couple with the winning bid was all smiles, exchanging greetings and back-slaps with well-wishers as they left the room to go sign contracts.

The second cabin site, a $480,000 lot with $171,100 worth of improvements on it, had a similar outcome; there were no competing bids.


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Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

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