And the high end gets a new addition

23 Smith Road, $39.5 million, six acres of direct waterfront with house and outbuildings. While the property isn’t officially within the Belle Haven Association’s boundaries, I’m sure that the purchaser of this place will, barring the most egregious “non-clubbable” personality, have no problem joining his peers down the street. And it’s been my experience that even non-clubbables get admitted to institutions you wouldn’t expect would have them; business ties trump social graces, usually.

So, is this the right price? Time will tell, and I wouldn’t expect a buyer to pull up to that dock this very summer, but you never know; this kind of waterfront and location is practically unique, and someone in water wings could well be floating just offshore, waiting for this opportunity.

Sally Maloney’s listing, which can only help its prospects.