Previous auctions of state-owned cabin sites on Priest Lake in North Idaho have drawn little competitive bidding, as folks were reluctant to bid against cabin owners who’d built their cabins on the state lots and wanted to keep them. But this Saturday, nine lakefront Priest Lake cabin sites will go on the auction block, with no cabin owners to bid against.
All nine are unleased; two have no cabins on them, and for the remaining seven, the successful bidder for the lots will buy the cabins on them at a set price of less than $50,000. The lots, however – many with sandy beaches and boat docks – have minimum prices ranging from $384,000 to $621,000. The successful bidders will get full ownership of the properties; the money from the lot sales will go to Idaho’s permanent endowment fund for public schools. My full story is online here at spokesman.com.