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Priest Lake lot auction nets $13 million

| August 25, 2021 1:00 AM

The Idaho Department of Lands (IDL) auctioned 16 endowment-owned lake front lots at Priest Lake for deeded ownership during a public, oral auction in Coeur d’Alene on Saturday.

The land sales generated $13,161,440 which is $3,560,440 over the appraised value, for the endowment fund that supports public schools, with 5 properties selling for the appraised value and 11 selling with competitive bidding...

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