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Lake Montezuma is a census-designated place (CDP) in Yavapai County in the U.S. state of Arizona. The population was 3,344 at the 2000 census. The CDP includes the communities of Rimrock and McGuireville. Located along Interstate 17, it is 20 miles (32 km) south of Sedona and 8 miles (13 km) north of Camp Verde in central Arizona's Verde Valley.
The community was originally known as Beaver Creek as ranchers and farmers settled along the banks of the creek named for the prolific numbers of beavers found there.
Wales Arnold, the first settler along Beaver Creek, came to Beaver Creek in 1870 and lived at what became known as The Montezuma Well Ranch. Arnold, who came to Arizona as a member of the California Column during the Civil War ultimately became the sutler or civilian merchant of the firm Arnold and Bowers at Camp Lincoln following his discharge from the Army at Fort Whipple August 29, 1864. His partner in this enterprise was George Bowers who was killed by Indians near the head of Copper Canyon while en route to Prescott alongside a young soldier named Robert Nix. Arnold held several hay contracts with the Army at Camp Lincoln (renamed Fort Verde in 1868) and grew the first alfalfa known to be grown in the Verde Valley. The Montezuma Well Ranch served as a way station where mail riders changed horses when the mail began to be carried from Fort Whipple to Fort Wingate.
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