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

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.

Last Updated	5/31/2026	Tract	Fairyland Ests
Year Built	1922	County	Walker

SCHOOLS

Elementary School	Fairyland Elementary School
Jr. High School	Ridgeland Middle
High School	Ridgeland High School

Additional Details

AIR	Central Air, Electric
AIR CONDITIONING	Yes
APPLIANCES	Cooktop, Dishwasher, Electric Oven, Refrigerator
BASEMENT	Finished, Yes
CONSTRUCTION	Block, Stone
EXTERIOR	Private Yard
FIREPLACE	Yes
HEAT	Central, Electric
LOT	5.75 acre(s)
LOT DIMENSIONS	746x397irr
PARKING	Asphalt
POOL DESCRIPTION	In Ground
SEWER	Public Sewer
SUBDIVISION	Fairyland Ests
TAXES	12703.14
UTILITIES	Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
WATER	Public

Location

 

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