The community at the head of Eddy Creek was first called Eddy Grove for the creek's source at a large whirling spring. of surrounding land was granted to the Virginian William Prince for his service during the American Revolution. He settled there in what was then Livingston County in 1799 and erected Shandy Hall, a brick home and tavern. Prince's heirs and another local landowner named Thomas Frazier granted around Eddy Grove and Prince's Place towards the establishment of a new town in 1817, provided the courthouse of the newly formed Caldwell County was relocated there from Eddyville. The county court accepted the proposal in July and named the new community Princetown, which shortened to Princeton by the time of the Eddy Grove.