301 Mcfarland Road, Lookout Mountain, GA 30750 (MLS# 1535188)

301 Mcfarland Road, Lookout Mountain, GA 30750

$2,400,000

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 4,778 Lot Size (sq. ft.): 250,470 Status: Active

Current Price: $2,400,000 List Date: 5/31/2026 Last Modified: 8/16/2026

Overview

Description

Set on nearly six acres in the heart of Lookout Mountain's most established residential community, 301 McFarland is one of the original estates of the Fairyland tract -- a stone-and-stucco residence built in the 1920s during the era Garnet and Frieda Carter envisioned the mountain as a place 'where Spring spends the summer.' Today, the property remains exactly what made Fairyland singular from the beginning: a private, walkable, landscape-driven compound, minutes from downtown Chattanooga, Rock City, and Covenant College. The main house spans 3,507 square feet across four full levels with five bedrooms and three full baths. Formal living and sitting rooms are anchored by original stone fireplaces, leaded-glass French doors, and deep wood casings -- a quiet, low-key elegance that newer construction simply cannot reproduce. A third original stone fireplace anchors the lower-level apartment at the base of the staircase. The walkout lower level functions as a fully independent two-level a ... (Read more) Set on nearly six acres in the heart of Lookout Mountain's most established residential community, 301 McFarland is one of the original estates of the Fairyland tract -- a stone-and-stucco residence built in the 1920s during the era Garnet and Frieda Carter envisioned the mountain as a place 'where Spring spends the summer.' Today, the property remains exactly what made Fairyland singular from the beginning: a private, walkable, landscape-driven compound, minutes from downtown Chattanooga, Rock City, and Covenant College. The main house spans 3,507 square feet across four full levels with five bedrooms and three full baths. Formal living and sitting rooms are anchored by original stone fireplaces, leaded-glass French doors, and deep wood casings -- a quiet, low-key elegance that newer construction simply cannot reproduce. A third original stone fireplace anchors the lower-level apartment at the base of the staircase. The walkout lower level functions as a fully independent two-level apartment, with its own private entrance opening to a bedroom, living space, and full bath at the upper basement level, and a second lower level holding kitchen, living, and office. A configuration ideally suited to multi-generational living, hosted guests, or a long-term private residence within the residence. Two additional houses sit on the property -- each a complete residence in its own right, with a full kitchen, living room, bedrooms, and full bath. Both are structurally solid with good bones: original hardwood floors, sound construction, and characterful details like an interior stone half-wall in one of them. Both are offered in honest, as-is condition -- ready for a buyer's cosmetic vision rather than priced as turnkey. Outdoors, a fenced in-ground pool sits within a private clearing carved out of mature woodland, surrounded by stacked-stone retaining walls and original landscape features. The offering also includes an additional parcel of land -- bringing the total assembly to appr

Supplements: approximately 5.89 acres across two parcels, a configuration virtually unheard-of inside Lookout Mountain's city limits. Fairyland Elementary, the assigned school, has been recognized by the Georgia Department of Education with a Platinum Award for Greatest Gains and is ranked among the top public elementary schools in the state. Downtown Chattanoo ... (Read more)

Listing Details MLS# 1535188

General Property Information

Bedrooms Total: 5
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 3507
Living Area: 4778
Living Area Source: Tax Records
Enhanced Accessible: No
Year Built: 1922
ADU YN: Yes
STVR YN: No
New Construction YN: No
Builder's Warranty YN: No
Home Warranty YN: No
Garage YN: No
Carport YN: Yes
Attached Carport YN: No
Carport Spaces: 2
Lot Size Acres: 5.75
Lot Size Square Feet: 250470
Lot Size Dimensions: 746x397irr
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: Yes
Senior Community YN: No
List Price/SqFt: 502.3

Property Features

Appliances: Cooktop; Dishwasher; Electric Oven; Refrigerator Basement: Finished Construction Materials: Block; Stone Brick and Stone Features: Partial Stone Cooling: Central Air; Electric Exterior Features: Private Yard Fencing: Chain Link Foundation Details: Block; Stone Heating: Central; Electric Listing Terms: Cash; Conventional Other Structures: Residence; Second Residence Parking Features: Asphalt Pool Features: In Ground Possession: Close Of Escrow Sewer: Public Sewer Special Listing Conditions: Trust Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Documents: GA Disclosure; Lead Based Paint Disclosure; Lead Based Paint Pamphlet

Contract Information

Start Showing Date: 2026-05-31
Listing Contract Date: 2026-05-21
Auction YN: No
Equitable Ownership Interest Listing: No
Property Sub Type: Single Family Residence
Office Exclusive: No

Location Tax and Legal

Street Number: 301
Street Name: Mcfarland
Street Suffix: Road
County: Walker
State: GA
Postal Code: 30750
Subdivision Name: Fairyland Ests

Remarks and Miscellaneous

Public Remarks: Set on nearly six acres in the heart of Lookout Mountain's most established residential community, 301 McFarland is one of the original estates of the Fairyland tract -- a stone-and-stucco residence built in the 1920s during the era Garnet and Frieda Carter envisioned the mountain as a place 'where Spring spends the summer.' Today, the property remains exactly what made Fairyland singular from the beginning: a private, walkable, landscape-driven compound, minutes from downtown Chattanooga, Rock City, and Covenant College. The main house spans 3,507 square feet across four full levels with five bedrooms and three full baths. Formal living and sitting rooms are anchored by original stone fireplaces, leaded-glass French doors, and deep wood casings -- a quiet, low-key elegance that newer construction simply cannot reproduce. A third original stone fireplace anchors the lower-level apartment at the base of the staircase. The walkout lower level functions as a fully independent two-level apartment, with its own private entrance opening to a bedroom, living space, and full bath at the upper basement level, and a second lower level holding kitchen, living, and office. A configuration ideally suited to multi-generational living, hosted guests, or a long-term private residence within the residence. Two additional houses sit on the property -- each a complete residence in its own right, with a full kitchen, living room, bedrooms, and full bath. Both are structurally solid with good bones: original hardwood floors, sound construction, and characterful details like an interior stone half-wall in one of them. Both are offered in honest, as-is condition -- ready for a buyer's cosmetic vision rather than priced as turnkey. Outdoors, a fenced in-ground pool sits within a private clearing carved out of mature woodland, surrounded by stacked-stone retaining walls and original landscape features. The offering also includes an additional parcel of land -- bringing the total assembly to appr
Directions: From downtown Chattanooga take Broad Street south toward St. Elmo and continue onto Tennessee Avenue. Turn right onto Ochs Highway and go up Lookout Mountain via the scenic route. At the top, continue as the road becomes Lula Lake Road and then turn left onto McFarland Road. Continue on McFarland Road for approximately 1.5 miles. 301 McFarland Rd will be on your right.

Status Change Information

Major Change Timestamp: 2026-08-16T20:08:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-16T20:08:25Z
Status Change Timestamp: 2026-05-31

More Information

Fireplace Features

Fireplaces Total: 3

Property Condition

Year Built Effective: 1922-01-02

License Number Info

Listing Agent’s State of Licensure: GA
Listing Agent’s License Number: 380602
Listing Office’s State of Licensure: GA
Listing Office’s License Number: 51616

Documents

Lead Based Paint Disclosure ›

GA Disclosure ›

Listing Office: Keller Williams Realty

Last Updated: August - 16 - 2026

Information deemed reliable but not guaranteed.