The Coon Creek community grew out of the Old Cyrus community, the oldest settlement in southeastern Bosque County. Temple Spivey, the first settler, purchased land on the Brazos River in 1853. In January 1856, John Jackson Smith purchased 1,280 acres and sent his son Burton to prepare the settlement, but Burton died that year, and Smith's son-in-law Silas McCabe and his wife Ann Smith moved from DeWitt County to the Smith Plantation. In August 1856, School District Four was established, and Silas McCabe opened a school in a one-room log cabin on the south side of Coon Creek opposite his home. In 1883, the Cyrus community divided into two communities, with the area south of Coon Creek becoming Smith Bend and the area north of the creek becoming Coon Creek. They shared a cemetery established by John Jackson Smith in 1856, the Smith Bend-Coon Creek Cemetery. A new log school was later built at Crystal Spring on Coon Creek, two miles west of McCabe's school, and by 1900 a wooden frame schoolhouse had been completed; the existing schoolhouse was built in 1929. The Coon Creek Methodist Church Episcopal Church, South dates to 1874, and in 1887 the Coon Creek Missionary Baptist Church of Christ was established. The existing church building was constructed in 1916 and was shared by the Methodist and Baptist congregations. Remaining remnants of the community include the 1909 home of William A. Vaughn, a two-story frame house later known as the Pie Bonds House after Vaughn's son-in-law, Walter Pope "Pie" Bonds. The school, church, and historic home continue to bond the community together.