The Idaho Department of Lands is the agency that carries out auctions for state endowment trust lands as well as surplus state property managed by other State of Idaho agencies.
Surplus Property For Sale
State of Idaho property, with some exceptions, is disposed of through the Idaho Department of Lands, pursuant to Idaho Code §§ 58-331 and 58-332. If a state agency has identified the real property as surplus to their needs, it is appraised, presented to the Land Board for approval, and offered to state government and tax supported agencies for potential sale. If there is no interest from a government or tax supported agency, it can be offered for sale to the public.
Upon final approval to sell the property, an auction date is scheduled. The property is advertised for five (5) weeks prior to the auction. An oral auction is then conducted in the location designated in the legal notice. The appraised value of the property establishes the minimum bid at the public auction. The property is sold to the qualified bidder submitting the highest bid. If the property does not sell at public auction, the Land Board may have the property appraised and enter into negotiations with any party.
Endowment Land for Sale
The State of Idaho, through IDL, holds real property that may be available for sale. Parties interested in purchasing available property may generally initiate the sale process by an application or nomination process through IDL. Upon application or nomination, the Land Board would approve or reject a sale. If approved for sale, IDL will appraise the property and set a date for a public auction. The auction will be advertised for at least four weeks prior to the date of the auction. The property will go to the highest bid equal to or exceeding the appraised value. Property cannot be sold for less than appraised value.
Contact the Real Estate Services Bureau for information or explore related pages about endowment land for sale.
Notice: The Clark Fork Surplus Auction is postponed due to weather
The auction is rescheduled for Wednesday, February 28, 2024. Registration is at 11:30 a.m. and the auction will begin at 12:30 p.m. It will be held at the Best Western Plus Ponderay Mountain Lodge at 477326 Highway 95, Ponderay, ID 83852.