Older documents, including Thom's Irish Almanac of 1862,[4] alternate between referencing the village as Scottstown and Scotstown.

On Ordnance Survey maps and road signs, the village also carries the name Baile an Scotaigh, which literally means 'town of the Scot'.

A Catholic church was built in the neighbouring townland of Drumdesco in 1785 (rebuilt in the 1820s), referred to locally as Urbleshanny Chapel, but officially dedicated to St Mary.

[6] In the 18th and 19th centuries, the lowlands surrounding Scotstown were favoured by the landed classes, and as a consequence, they have left some ornamental woodland behind, including Hollywood and Mullaghmore.

Records show that traders came to sell calico, printed and course linens, stockings, socks, combs, brushes, cutlery and other hardware.

Also in the 18th century, Scotstown served as a depot for quarried stones coming from a number of locations in the Sliabh Beagh mountains.

One of the most notorious members of the Provisional IRA in the area, Séamus McElwain, from Knockatallon, was killed whilst attempting to ambush a British Army Patrol close to the neighbouring village of Roslea in the south-east of County Fermanagh on 26 April 1986.

The local battalion of the Provisional IRA put on a huge show of strength at the funeral and performed a three-volley salute over the coffin.

[citation needed] During October, Scotstown hosts a traditional music festival, Scoil Cheoil na Botha, which features workshops, concerts and sessions.

A local voluntary committee purchased the lake and its surrounds in 1969, and since then have developed the park with the support of various funding agencies, private donations and Monaghan County Council.

A commemorative "famine stone", marking the location where potato blight was first noticed in County Monaghan, can be seen in the nearby townland of Sheskin.