Juellund was established when Jens Juel purchased and merged the old manors of Jonstrup and Herlufstrup in 1694.

It is a typical example of the concentration of land on fewer manors that took place up through the 17th century.

Juel's widow, Dorothea Krag, married Christian Gyldenløve who sold Juellund to Hans Benzon om 1702.

In 1751, Juellund was sold to Anna Sophie Schack, one of the largest landowners in the country.

She included the estate in stamhuset Giesegaard.stamhuset Giesegaard was dissolved in 1922 as a result of lansafløsningsloven.