Established in 1801, it was for many years worked by members of the Lee family, and part of a thriving rural community called Waterford Hollow.

[1] Lee Farm is located in northernmost Waterford, on the south side of Vermont Route 18 just east of its interchange with Interstate 93.

The farm consists of 187 acres (76 ha) of land, which see a mixture of agricultural uses, including crops, pasture, hay, and wood lots.

Its buildings include a 2+1⁄2-story Greek Revival farmhouse, two barns, a former chicken coop, a 1+1⁄2-story tenant's residence, and an equipment shed.

The Stiles Pond area was for many years the location of a rural village, whose services were over time moved to nearby St. Johnsbury.