The village is located within the Town of Maiden Rock. The town is named for a cliff (also called "Maiden Rock") just south of the village. In the Princess Winona legend, the daughter of Dakota Indian Chief Red Wing (for whom the nearby town of Red Wing, Minnesota is named) jumped from this cliff after her lover, a member of the rival Chippewa tribe, was killed by Dakota warriors under orders from Red Wing. A plaque still stands near the base of the cliff, memorializing the village's namesake.