08 Mar 2014 / Sacramento Bee – COEUR D’ALENE, Idaho — It’s going to be interesting to see what prime real estate on Lake Coeur d’Alene goes for in the digital currency known as Bitcoin.
Hayden resident Alan Golub is selling a package of 660 contiguous acres overlooking Moscow Bay that includes the site of the once proposed and controversial Chateau de Loire development. He is seeking a virtual pile of bitcoins.
Golub was a real estate agent involved in the sale of approximately 570 acres to Kirk-Hughes Development, which attempted to establish Chateau de Loire. That proposed development featured French-themed luxury housing and a golf course.
Las Vegas-based Kirk-Hughes contracted to buy the land, but it ultimately didn’t pay the real estate commission of $941,000, sparking multiple lawsuits, Golub said. He filed a lawsuit of his own, alleging fraud.
“It was a very high-priced property and it was a high commission,” he said.
Nearly a decade after Kirk-Hughes blew into town in 2004, Golub purchased 50 acres at the site for $1.4 million in a sheriff’s sale late last year.
“It’s actually the most spectacular part of the property,” Golub said Tuesday. “It’s all of the waterfront.”…. Read more
http://www.sacbee.com/2014/03/07/6218124/idaho-lakefront-property-for-sale.html
Photo credit: The Coeur D’Alene Press, Shawn Gust / AP Photo
