Goldenrod's first settlers were natives who were forced out during the Seminole Indian Wars. White settlers didn't begin inhabiting the area until the Homestead Act of 1862 was passed during the period following the Civil War. Land was initially granted to settlers under the State of Florida, Internal Improvement Fund. Living in the area was very difficult as it consisted of mostly wildlife and swamps. The goldenrod flower—for which the city is named—grew wildly over everything. Very few families managed to tough it out and those who did still have descendants who remain in the area.
The people who remained invested their time and energy into orange groves and the museum was made to honor the settlers whose names are still widely recognized in the community.
Suburbia came to Goldenrod in 1926 when the Goldenrod Corporation developed 158 lots with homes upon them and electricity and water came to the city with them-only seven of the original 158 homes still stand today.
During the Great Depression, times were very hard for residents but they learned to be self sufficient, providing for their families and themselves by hunting, fishing, and farming.
In 1936 the living situation improved, as electricity was extended to supply most homes and people started moving here to help with war (WWII) efforts. Returning soldiers of the war also helped boost the economy. In 1951, Goldenrod got its first post office and began to grow rapidly into the community it is today.
Every year, the Goldenrod Historical Society and museum hosts the Goldenrod Festival and Parade in the fall on Goldenrod Rd.