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30 Payette Lake lots sold for $12.6 million

The Idaho Department of Lands (IDL) auctioned 30 lots at Payette Lake for deeded ownership at a public auction in Boise today. The land sales generated $12,605,500 for the endowment funds that supports Idaho’s public school system and State Hospital South. The Idaho Constitution requires a public auction for the disposal of state endowment trust lands, and IDL can accept no less than the appraised value of the properties. Attached is the link to IDL News Release – A list of the auctioned lots and winning bids.

2016 VAFO ULA Payette Lake Auction Results

Leased lots

Twenty-five leased lots sold, and they have cabins on them. The land is owned by the State of Idaho and the cabins and other… Continue reading

Upcoming Priest Lake Cottage Sites Auction

The next Priest Lake area cottage sites auction is scheduled for Friday, September 23, 2016 at the Coeur d’Alene Resort in Coeur d’Alene, Idaho. Information regarding lots and the auction process will be available by August 26th.

Bailey Ridge Road – Pre-Sold prior to Auction

The seller accepted the Pre-Auction offer ahead of the July 30th auction at 25 Bailey Ridge Road in Garden Valley.  

39 Priest Lake lots sold for $18.9 million

The Idaho Department of Lands (IDL) auctioned 39 lots at Priest Lake for deeded ownership at a public auction in Coeur d’Alene today.

The land sales generated $18.9 million for the Public School Endowment.

All of the leased lots in today’s auction have cabins on them and are under lease. The land is owned by the State of Idaho and the cabins and other improvements on the land are owned by the leaseholders as personal property. The current leaseholders applied to participate in the auction.

Forty one leased lots were offered at auction, 38 of these lots sold to the current lessees. One lot had a competitive bid and was purchased by a non-lessee, the appraised value of that property… Continue reading

Upcoming Payette Lake Cottage Sites Auction

The next Payette Lake area cottage sites auction is scheduled for Friday, August 19, 2016 in Boise, Idaho. Information regarding lots and the auction process will be available soon around mid-July.

Upcoming Priest Lake Cottage Sites Auction

Corbett Bottles Real Estate Marketing, LLC will be auctioning 41 Priest Lake area cottage sites for the Idaho Department of Lands on Saturday, June 25, 2016 at The Coeur d’Alene Resort in Coeur d’Alene, Idaho.

If you’ve got the cash, a second Idaho home may be right for you

“For Sale” signs are popping up like mountain trillium flowers in and around McCall.  The Idaho Land Board has approved the auction of five additional building lots, known as unleased cottage sites, for fall 2016.  Does second-home ownership sound appealing to you?  What do you need to know before making the commitment?  

“Sperling’s Best Places to Live” notes that the median McCall home costs $224,000.  The cost of living is 8.3 percent higher than the U.S. average.  Home values appreciated 2.3 percent in the past 12 months.  Median prices and the cost of living are significantly higher in the Sun Valley area.

Pricing issues and market valuation for second homes are no different… Continue reading

Idaho Land Board approve plans for Auction

Land Board clears path for sale of more leased lake lots for auction before end of 2019

(Boise) – The State Board of Land Commissioners (Land Board) approved a plan today that enables remaining lessees of residential cottage sites at Priest Lake and Payette Lake to participate in auctions of the lots they lease before the end of 2019.  The Idaho Constitution requires an auction for the sale of endowment lands, with a minimum bid of appraised value.

The Land Board’s vote today provides certainty that remaining lessees have the opportunity to participate in a voluntary auction for ownership of the lot they lease by the end of 2019, if they choose.  There are 253 remaining cottage site… Continue reading

Upcoming 436.85 Acres Shoofly Ranch Auction

 *LIVE PUBLIC AUCTIONCorbett Bottles Real Estate Auctions proudly presents the Shoofly Ranch, a pristine 436.85 Acre working farm nestled just below the CJ Strike Reservoir dam. With 412 acres of Snake River Basin water rights, the Shoofly Ranch has most recently been planted with corn and alfalfa, and provides abundant yields in a idyllic setting. The ground is entirely gravity irrigated, and a 3,374 square foot home, built in 1996, sits on the western edge of the farm. The property will be auctioned by Corbett Bottles on February 22, 2016 at 11AM MST. The address for the auction is 839 S. Bridgeway Place, Eagle, ID 83616. The auction will be absolute, with no… Continue reading

IDL Cottage Sites Auction – Year In Review 2015

In calendar year 2015, Corbett Bottles Real Estate Auctions along with Idaho Department of Lands (IDL) auctioned 95 state owned lots at Priest Lake and Payette Lake for $40,270,000. Since 2011, more than one-third of cottage sites have been sold for $79 million, overall $1.8 million more than appraised values.  Additional auctions for lots at both lakes are slated for 2016 and 2017 by Corbett Bottles Real Estate Auctions.  In a few months, IDL will ask the Land Board to approve a plan for the auction of even more lots after 2017. We’re carrying out the Land Board’s direction to divest the lots over time and reinvest the sales proceeds in other assets that produce greater financial… Continue reading

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