718 North is what I suppose I’d call a tired old house on great property with water views of the water company’s “lake”. You can’t use that lake – it’s a reservoir – but no one else can, either, so your privacy is assured. The present owners paid $3.583 million for the house and land in 2001 and have been trying sporadically to sell it since 2004. It’s back on the market today with a new broker and a new, lower price of $3.5 million. If we fall back to 1997 prices, you’ll be able to buy this place for $2.635 million. I hate to tell you this, but that number doesn’t strike me as impossible.