It is one of three lakes on Keddie Ridge, the other two being Hidden and Deerheart. The origin of the name is not known. On December 24, 1878, G.A. Chipman and J.D. Anthony referred to it as Moon Lake when they claimed its waters for use on their Rising Star Mine. By 1881, it was being referred to as Homer Lake. By 1911, the lake had been planted with trout. In 1916, Frank Cady, who was deputy fish and game warden, first learned of the lake, and went to inspect the same as there rumors that unknown parties had dynamited the lake for fish. He found no evidence of same, and caught several trout weighing on the average of two pounds.