[2][3] The town was located in "Atlantic Township" at one time prior to the name being changed to "Colts Neck".

[5] The community was electrified in 1928,[6] the fire department was formed in 1926,[7] and a rural mail route was established in 1905.

[12] The area is known for the historic one-room Montrose Schoolhouse, built before 1786,[13][14] which is located in the Colts Neck portion of the community.

[16][17] The schoolhouse was donated to the Colts Neck Historical Society by George Illmensee[13] prior to 1968.

Sometimes numbering as many as 100 hunters, the community hunts would meet at the Montrose School house, prior to starting out.