Originally platted by 1872, the area remained undeveloped until David McLean Parry, a wealthy Indianapolis industrialist, acquired a  tract on a ridge overlooking the White River between 1900 and 1907. The neighborhood takes its name from Parry's Golden Hill estate home.
The area was initially surveyed in 1872 but remained untouched until David McLean Parry, an affluent Indianapolis businessman, acquired a parcel of land on a ridge overlooking the White River between 1900 and 1907. The neighborhood is named after Parry's Golden Hill mansion.