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301 Mcfarland Road

Lookout Mountain, GA 30750
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Bed 5

Bed

Bath 2

Bath

SqFt4,778

Sqft

Acres5.75

Acres(Lot)

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 con struction 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 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 Chattanooga is a 15-minute drive; Rock City and Lula Lake Land Trust are minutes away on foot or bike. 301 McFarland is a generational holding. A property of this scale, with this provenance, in this location, comes available perhaps once in a decade.

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Detail Ic Property Details

Property Type : Residential

Price : $2,500,000

AD Id : 79053535

MLS Id : 1535188

Beds : 5

Lot Size : 5.75 Acres

Living Area Size : 4,778

Year Built : 1922

County : Walker

Subdivision: Fairyland Ests

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Finished
  • Interior Features

    Appliances: Refrigerator, Electric Oven, Dishwasher, Cooktop
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1922 Building Area Total: 4778 Construction Materials: Block, Stone Pool Features: In Ground Private Pool: No
  • Exterior Features

    Exterior Features: Private Yard

  • Lot Information

    Lot Dimensions: 746x397irr Main Square Feet: 5.75 Acres Lot Size Acres: 5.75 Lot Size Square Feet: 250470

    Property Information

    Subdivision: Fairyland Ests Source Property Type: Residential Property SubType: Single Family Residence Property Age: 104

  • Listing Price Information

    Listing Price: $2500000 Cash, Conventional

  • Tax Information

    Parcel Number: 4006 077 Annual Tax: $12703.14 Tax Legal Desc: PTLL 1 9 4 PT LL 36

  • Parking Information

    Asphalt

  • School Information

    Elementary School: Fairyland Elementary School
    Junior High School: Ridgeland Middle
    Senior High School: Ridgeland High School
  • Utility Information

    Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
92-I Founding Way, Lookout Mountain, GA, 30750 $415,000 3 3 2,106 2,106 SqFt
106-C Founding Way, Lookout Mountain, GA, 30750 $415,000 3 3 2,106 2,106 SqFt
1001 Fleetwood Drive, Lookout Mountain, GA, 30750 $3,200,000 4 4 5,250 5,250 SqFt
1117 Mountain Terrace, Lookout Mountain, GA, 30750 $1,395,000 4 5 4,581 4,581 SqFt
1815 Lula Lake Road, Lookout Mountain, GA, 30750 $949,000 4 3 3,409 3,409 SqFt
508 Mcfarland Road, Lookout Mountain, GA, 30750 $675,000 4 3 2,770 2,770 SqFt
542 Turnberry Lane, Lookout Mountain, GA, 30750 $1,900,000 5 6 6,370 6,370 SqFt
154 Founding Way #B, Lookout Mountain, GA, 30750 $438,000 3 3 2,102 2,102 SqFt
221 Lookout Crest Lane, Lookout Mountain, GA, 30750 $1,400,000 3 3 3,142 3,142 SqFt
221 Lookout Crest Lane, Lookout Mountain, GA, 30750 $1,400,000 3 3 3,142 3,142 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Chattanooga Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Information deemed reliable but not guaranteed. ByOwner does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Copyright © 2026 Greater Chattanooga Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/19/2026 @ 12:48

MLS: 1535188 LISTED BY: Joe Leffew, Keller Williams Realty 423-664-1600 SOURCE: Greater Chattanooga REALTORS

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