301 Mcfarland Road, Lookout Mountain, GA 30750

$2,500,000

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… Read More 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. Read Less

Courtesy of Joe Leffew, Keller Williams Realty.

Listing Snapshot

Days Online

Last Updated

May 22, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

4,778

Lot Size

5.75 Acres

Year Built

1922

MLS Number

1535188

30 Days Snapshot Of 30750

$321k

-57%

(avg) sold price

-71%

homes sold

121

+26%

(avg) days on market

Snapshot

Area Map

Additional Details

Basement

"Finished"

Building

Building area total: 4,778, Living area: 4,778, Built in 1922

Cooling

"Central Air", "Electric"

Exterior Features

"Private Yard"

Heating

"Central", "Electric"

Lot

5.75 acres, Lot size area: 6, 250,470 square feet

Parking

"Asphalt"

Pool

"In Ground"

Sewer

"Public Sewer"

Taxes

Tax annual amount: $12,703

Utilities

"Cable Available", "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Water Connected"

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

301 Mcfarland Road

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send