With the clubhouse built in 1924 and the ballroom and upper terrace added in 1925, the Fairyland Club began providing full service in 1926 that continues through today. Built of local mountain stone, the clubhouse features an English Tudor Revival style with an exterior of stucco and steep timbering. In 1928, ten residential cottages were added to the Northwest end of the Club property creating a community known as Mother Goose Village.

What began as a dream for developers Garnet and Freida Carter, soon became one of the South's premiere Clubs with the help of local architect William Hatfield Sears and nationally recognized landscape architect Warren H. Manning of Cambridge, Massachusetts. The Club's natural landscape, featuring large and unusual rock formations reminiscent of fairy and elf grottos of mythical times, inspired them to name it "Fairyland." Among the more prominent of these formations are the tall rock sentinels, the "Twin Sisters," that guard the main entrance to the Club.