Photos: $27.5M lakefront home up for auction in Idaho

Photos: $27.5M lakefront home up for auction in Idaho

Credit: J.P. King Auction Co.

Photos: $27.5M lakefront home up for auction in Idaho

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Associated Press

Posted on August 26, 2011 at 11:22 AM

Updated Monday, Nov 25 at 11:19 PM

COEUR D'ALENE, Idaho -- Idaho resort and newspaper mogul Duane Hagadone is unloading one of his homes above Lake Coeur d'Alene, but it could fetch just a quarter of its original listing price at an upcoming Sept. 8 auction.

The J.P. King Auction Co. set the minimum bid at $7.5 million, after the 26,000-square-foot home was originally listed at $27.5 million.

Hagadone's remodeled pad has three bedrooms, nine baths, a nine-car garage and bowling alley.

He's also throwing in membership for two at The Coeur d'Alene Golf Course, which he owns.

A successful sale won't leave the owner of several Northwest newspapers homeless.

Hagadone has another 22,000-square-foot place near Coeur d'Alene and a 45,000-square-foot, $30 million mansion in Palm Desert, Calif.

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