The community was named after nearby Wagontire Mountain. From 1986 to at least 1997, Wagontire was home to just two people: William and Olgie Warner. The Warners' property included a gas station, cafe, motel, general store, and recreational vehicle (RV) park. Also theirs was Wagontire Airport, across the road from the buildings. Planes flying into the airport taxied across the highway, and filled up at the gas station.