[2] Nuevo Baztán was founded around 1709 in a mercantalist initiative to promote industrial development in Spain.

The Goyeneche family financed not only the palaces, churches, and factories, but also houses for the employees, many of whom were transplants from other regions of Spain.

Glass production at Nuevo Baztán only lasted a few years because of difficulty in obtaining the necessary fuel supplies locally.

Some employees relocated to La Granja de San Ildefonso near Segovia, where there was abundant timber and a demand for glass at a royal palace which was under construction in the 1720s.

Newer housing has arisen around the 18th-century nucleus in the past decades, and the present town contains large modern developments, including Eurovillas, Las Villas de Nuevo Baztán, Monteacevedo, and El Mirador del Baztán.