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Cottage Site Transactions

State endowment trust land has been leased for use as residential sites, known as cottage sites, since the early 1900s. Over the past several decades cottage site lessees have expressed a desire to purchase the endowment land they lease, thus unifying the estate (ownership) of both structure (cottage) and land (site).

In 2010, the Land Board voted to divest ownership of cottage sites at Priest Lake and Payette Lake and directed IDL to develop the voluntary auction for ownership (VAFO) process. In 2018, the Land Board approved a plan that would allow for additional VAFO auction cycles through 2024.

UPDATES: Cottage Site Auctions

  • 2018 VAFO/ULA auctions resulted in 60 cottage site lot sales 51 at Priest Lake and 9 at Payette lake.
  • The next auction for leased lots at Payette Lake will be mid-June 2019.
  • The next auction for leased lots at Priest Lake will be late August, 2019.

Voluntary Auction for Ownership

  • The applicant must be the current cottage site lessee in good standing.
  • The auction is a public, oral, competitive auction.
  • Each site is actively marketed prior to the auction date.
  • Anyone can participate in a direct sale auction after going through the application process.

Un-leased Land Auction

  • Payette Lake Un-Leased Sites - The next auction for un-leased properties at Payette Lake will be summer of 2019. Information on the un-leased properties that are available for nomination and how to nominate them will be available soon.
  • Priest Lake Un-Leased Sites - The next auction for un-leased properties at Priest Lake will be late summer of 2019. Information on the un-leased properties that are available for nomination and how to nominate them will be added to the Corbett Bottles web site soon.

Land Exchange

    UPDATE: The IDL director suspended all pending and future land exchange proposals involving cottage sites from consideration or further evaluation until the legal and policy related concerns about cottage site land exchanges can be further examined.

Contact

    Real Estate Services Bureau
    Boise Staff Office
    (208) 334-0200

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