Chattanooga Luxury Neighborhoods
“Chattanooga is a money town . . . more of a controlled city,” says Walter Williams, the town’s first elected African American judge, who contrasts this
New South City with its neighbors Atlanta, Nashville, and Birmingham. According to the Chattanooga Historical Foundation, a northern elite joined southern families to create a
modern aristocracy of sorts that lingers to this day. Chattanooga gave more philanthropic dollars than any other city in the South during the 20th Century thanks
to a number of fortunes, including several amassed by bottling Coca-Cola (a concept started by Chattanoogans).
The city now boasts three of the nation’s most prestigious prep schools, one of the largest Christian foundations in the world and in the past century, perhaps the most concentrated wealth in a few hands in any town, anywhere. The landscape of Chattanooga is changing though with the innovative younger generations of these families coming down from Lookout Mountain, where the wealth is primarily concentrated, and into the valley. Companies like Volkswagen and Amazon are setting up shop here because Chattanooga is such an affordable place to do business.
The population of early retiring empty nesters is growing by leaps and bounds here as well, which is not suprising in such a breathtakingly beautiful place that is also centrally located. Perhaps no where else in the country right now can you buy property with Panoramic views of the mountains and water at such an affordable price.
Chattanooga features six prominent neighborhoods where luxury building is going on right now, including Lookout Mountain, Ooltewah (thanks to Volkswagen and Amazon), Signal Mountain, East Brainerd and downtown. Luxury homes range in price in Chattanooga from about $500,000 to $3,000,000 and listings on the upper end almost always feature scenic views of mountains and water. Urban neighborhoods like North Shore, Riverview, Downtown and the up and coming Highland Park (which has lots of renovation going on) tend to be smaller square footage overall but boasts the convenience of close in city living. Ooltewah, East Brainerd and Signal Mountain are more surburban neighborhoods with varying degrees of amenities. Ooltewah is accessible to East Brainerd dining and shopping. This former farming community with rolling green hills, pastures and waterfront property is becoming the address for young families and executives with Volkswagen, Amazon and those who want land but commute to executive jobs in downtown Chattanooga. East Brainerd and Missionary Ridge, along with the grand daddy of luxury neighborhoods, Lookout Mountain, have historically been where old Chattanooga families entrenched in the community have resided.