The Teutonic Knights' infirmary was constructed along the southwestern edge of the pond, while the Magdalenenkloster (Magdalene monastery) was built on the southern shore.

Regent George Frederick, Margrave of Brandenburg-Ansbach, had a pair of swans relocated to the pond in 1604, but they were considered a nuisance by the burghers.

Königsberg's Masonic Lodges were located in Hintertragheim near the Schlossteich and included Zum Todtenkopfe und Phoenix, the Dreikronenloge, and the Johannisloge Immanuel.

Numerous recreational establishments were built along the Schlossteich from 1830–70, including the Borckscher Garten, Jacobsruh, Tivoli, Jardin de Berlin, the Börsengarten, and the Bürgerressource.

The northeastern extension of the Promenade with cascading waterfalls was finished by 1930, while the northwestern stretch was completed in 1937 after the expropriation of the Masonic Lodges.

The Schlossteich was surrounded by cafés and was central to many important buildings and places, including Königsberg Castle to the southwest, the new campus of the Albertina to the west, and Münzplatz at the southern end of the pond.

Gondolas were frequently used in the pond, and on Walpurgis Night members of the German Student Corps would travel in paper lantern-decorated boats.