Caughlin Ranch, Estate of the Day

There's just something about a house that has been restored with love rather than with an eye toward the quick sale. I'd like to think that the Caughlin Ranch House in Reno, Nevada was restored by those who actually planned to live there. It seem to capture the mix of frontier tradition and Nevada glitz. The ranch is on nearly four acres and the grounds include both the three bedroom main home and a three bedroom guest house as well as five car garage parking, a workshop and separate studio space. The interior is a teensy bit Pottery Barn chic but still there is something about this place I like. The surrounding land looks a bit untended but the home has eight acre-feet of water rights included so perhaps the right owner could make the ranch more of a ranch. It is listed at $3.95 million. After the jump, are two smaller houses worth as much as one big one?