The date of its construction is unknown, probably in the second half of the 12th century, as the damming of the Great Pond as a reservoir for the mill took place at this time. In the 14th century, six mills were in operation within the town walls, powered by water from the springs. These were still described as a special feature of the town of Soest in the 17th century. In the "Specification der Soester Mühlen" (Specification of Soest Mills) from 1738, 37 mills were listed within the town and the Börde. Most of them were classified as grain mills, which clearly shows the importance of the Soest Börde as a grain landscape even in the early modern period.
the pond mill was extended in the 1930s according to plans by Paul Schlipf in the style of local heritage architecture.