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123 1/2 Stone St, Lead, SD, 57754

3beds
3baths
2,068sqft
$399,000
$193price/sqft
$2,715/moest. monthly cost
$108,600/yrincome needed

About This Home

Step into a piece of Lead history. Built in 1896, this beautifully maintained 3-bedroom, 2.5-bath home blends original period character with thoughtful modern updates throughout its 2,068 square feet. Colonial Revival details features throughout the home, including the ornate columns on the covered front porch, shaded by a fully enclosed sun room on the second story. Rich architectural detail, soaring 10 foot ceilings, generous room proportions, and a layout that honors the home's late-19th-century roots make this a rare find in the Northern Black Hills. Attached to the main residence, an additional 1,500 square feet of unfinished space awaits your vision, ideal for expanded living area, office, studio, or extra storage. Outside, you'll find a private oasis filled with native plants and perennials, making this low-maintenance Trex deck and yard a true retreat with views of downtown Lead just blocks away. The true showstopper sits beside the home: a massive 7,500 square foot garage, with a main and lower level, currently generating rental income, with room to grow that revenue further. A one-of-a-kind opportunity to own history and cash flow in the same address. Listed by Madison (Reeves) Shipman, Valente Realty (605) 569-9019.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

4/10
4/10

Construction

Condition

  • Year built: 1921

Materials

  • Roof: Composition,Metal
  • Construction materials: Frame,Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Site Built

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Gas Range Oven,Microwave,Washer,Dryer,Water Softener Owned
  • Laundry features: Upper Level

Basement

  • Basement: Crawl Space,Unfinished

Bedroom2

  • Level: Upper
  • Area: 165

Bedroom3

  • Level: Upper
  • Area: 104

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 130

Features

  • Ceiling Fan(s),Sun Room
  • Flooring: Wood,Tile
  • Number of fireplaces: 1
  • Fireplace features: One,Electric
  • Fireplace: Yes

Heating

  • Heating features: Natural Gas

Interior Area

  • Total structure area: 2,068
  • Total interior livable area: 2,068 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main
  • Area: 247

Master Bedroom

  • Level: Upper
  • Area: 156

Property

Details

  • Parcel number: 310900330004000

Features

  • Levels: Two Story
  • Stories: 2
  • Patio & porch: Porch Open,Porch Covered

Lot

  • Lot size: 0.34 Acres
  • Features: Trees

Parking

  • Total spaces: 4
  • Parking features: Four or More Car,Detached,Other
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Hail
Strong Wind
Cold Wave
Inland Flooding
Wildfire

FEMA Declared Disasters in Lawrence County and South Dakota

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance $199$2,388
Property Taxes $342$4,104
Electricity $157$1,895
Total$2,715$32,580

Income You'd Need if You Spent...

35% on housing$93,085/yr
40% on housing$81,450/yr
45% on housing$72,400/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.1%
2.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 57754$263
Lawrence County$298

vs Homes Sold Last Month

Median $/sqft

ZIP 57754$310
Lawrence County$241

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-17Listed for sale$399,000
2026-08-13Contingent$399,000
2026-07-29Listed for sale$399,000
2025-07-21Listing removed$499,000
2025-06-18Price change$499,000
2025-06-11Price change$549,500
2025-06-04Price change$560,000
2025-05-27Listed for sale$575,000
2025-05-12Listing removed$599,000
2025-05-05Price change$599,000
2025-02-02Listed for sale$639,000
2021-10-27Listing removed$320,000
2021-09-25Listed for sale$320,000

For Sale by Agent

AgentMadison Shipman
BrokerageValente Realty

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