[2] Maxon Community Developers of Barrington, Illinois, founders and developers of nearby Streamwood, Barrington Woods, Brigadoon, and later Green Valley, Arizona purchased the Curtiss Candy Farms in 1952 from Otto Schnering, founder of the Curtiss Candy Company.

The brothers Norm and Don Maxon promptly renamed it Trout Valley after Norman's passion for fly fishing.

Norman Maxon, an avid outdoorsman, reestablished the trout hatchery and approached National Homes of Lafayette, Indiana to develop Trout Valley as a national showcase for their modular homes.

By 1956, Trout Valley won the National Home development of the year and the concept of a homeowners association was conceived by C.E.O.

The land was once a farm owned by John D. Hertz and still contains residual structures from that period of time.

At the west side of the village, a magnificent arched set of iron gates with stone pillars mark the entrance at Cary-Algonquin Road.

In 2006, this entrance was designated as a local landmark by the McHenry County Historic Preservation Commission.