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$395,000

Discover the perfect blend of mountain living, versatility, and income potential with this home! Situated on approximately 1.36 partially wooded acres, this unique property features a charming 2-bedroom, 1-bath main home along with a separate 2-bedroom, 1-bath apartment above the detached two-bay garage--ideal for multi-generational living, guests, or generating rental income. The main home offers beautiful hardwood floors, an inviting open floor plan, and a spacious kitchen with a center island that flows effortlessly into the dining and keeping room. A vaulted wood ceiling, abundant natural light, and a peaceful sunroom create warm, comfortable living spaces you'll enjoy year-round. Step outside to the expansive rear deck overlooking a tranquil natural setting where you can relax to the sounds of a seasonal creek. The detached garage provides plenty of room for vehicles, storage, or a workshop, while the upstairs apartment offers privacy with its own deck and separate utility metering, making it an excellent opportunity for long-term tenants, short-term rentals, or extended family. Located just 10 minutes from the heart of Lookout Mountain and only 25 minutes to downtown Chattanooga, you'll enjoy the peace and privacy of mountain living without sacrificing convenience. Whether you're looking for a primary residence with additional income, an investment property, or a flexible family retreat, this one-of-a-kind property offers endless possibilities.

4 Beds ⋅ 2 Baths ⋅ 1538597 MLS

1573 Georgia 157 30750, Lookout Mountain

$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 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.

5 Beds ⋅ 2 Baths ⋅ 1535188 MLS

301 Mcfarland Road, Lookout Mountain