Address
301 Mcfarland Road, Lookout Mountain, GA
Price
$ 2,400,000
Property Attributes
- MLS#1535188
- TypeSingle Family
- Listing Status Active
- CountyWalker
- CityLookout Mountain
- NeighborhoodFairyland Ests
- Zip30750
- StyleSingle Family Residence
- Year Built1922
- Taxes$ 12703
- Price$ 2,400,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage4778
- Lot Size5.75 Acres
Data Source:
Greater Chattanooga MLS (GCAR)
Property 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 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Fairyland Elementary School Elementary School | Ridgeland Middle Middle School | Ridgeland High School High School |
| Price History | |
|---|---|
| 8/16/2026 | Listed $2,400,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air,Electric |
| Utilities | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| Possession | Close Of Escrow |
| Appliances | Refrigerator,Electric Oven,Dishwasher,Cooktop |
| Pool Features | In Ground |
| Construction Materials | Block,Stone |
| Year Built | 1922 |
| Property Subtype | Single Family Residence |
| Additional Parcels Description | Ptll 1 9/4 Landlot: 1 Landdist: 9/4 |
| County | Walker |
| New Construction | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Fairyland Ests |
| Garage Y/N | false |
| Other Structures | Residence,Second Residence |
| Full Baths | 2 |
| Status | Active |
| 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. |
| High School | Ridgeland High School |
| City | Lookout Mountain |
| Senior Community Y/N | false |
| Lot Size Units | Acres |
| Lot Size Square Feet | 250470 |
| Carport Spaces | 2 |
| Carport Y/N | true |
| Listing Terms | Cash,Conventional |
| Elementary School | Fairyland Elementary School |
| Tax Annual Amount | 12703.14 |
| Home Warranty Y/N | false |
| Middle/Junior High School | Ridgeland Middle |
| Additional Parcels Y/N | true |
| Standard Status | Active |
| Legal Description | PTLL 1 9 4 PT LL 36 |
| Sewer_co_Public_sp_Sewer | true |
| Heating_co_Central | true |
| Utilities_co_Cable_sp_Available | true |
| Year Built Effective | 1922 |
Interior Features
| Basement | Finished |
|---|---|
| Total Fireplaces | 3 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Above Grade Finished Area | 3507 |
| Total Bedrooms | 5 |
| LivingAreaSource | Tax Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Private Yard |
|---|---|
| Fencing | Chain Link |
| Parking Features | Asphalt |
| Water Source | Public |
| Lot Size Area | 5.75 |
| Foundation Details | Block,Stone |
| Building Area Total | 4778 |
| Lot Dimensions | 746x397irr |
| Lot Size Acres | 5.75 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 30750
Price
Taxes
Year Built
©2026 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. 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. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
