Built in 1900, with a log cabin teacherage added in 1891, Rheingold School was consolidated with the Fredericksburg Independent School District in 1949. Like many rural one-room schools in Gillespie County, the property included separate outhouses for boys and girls located on opposite sides of the grounds. The schoolhouse was heated by large wood-burning cast-iron stoves, and students often carried their own drinking cups, storing them inside their desks. Water was typically drawn from a hand-dug well or provided by a nearby neighbor.

The school underwent an extensive restoration project in 2021, preserving the property's historic character for future generations. Historic photographs show the original school with students around 1905–1910, while later images document remodeling work completed in 1988.

Rheingold School District #22 was established in 1873 after area residents recognized the growing need for a local school for community children. William Gold donated two acres of land for the first schoolhouse, a small log structure measuring approximately 12 by 14 feet. As the community expanded, additional buildings were added, including a combination frame-and-stone teacherage and, later, a larger 40-by-22-foot frame schoolhouse heated by a centrally located wood stove.

Like many Gillespie County rural schools, the Rheingold campus was built and maintained through the generosity of local families, who donated both labor and building materials. In addition to the schoolhouse and teacherage, the community later constructed a pavilion for gatherings and events.

Rheingold School served students through the eighth grade, and at times as many as 74 children were taught by a single teacher. Although instruction was officially conducted in English, German was often used when students were being scolded or disciplined. Former students later recalled those stern German reprimands so vividly that many could still repeat them decades afterward. One teacher reportedly used a paddle labeled “Black Medicine.”

The school year was divided into two parts: the “free” school term, which typically lasted six months or longer, followed by a “pay” school period funded by tuition. Even after the free term ended, most students continued attending classes. Transportation to school varied: many children rode horses, while others walked long distances. During harsh winter weather, some children arrived barefoot, sliding across icy ground on the way to school.

In 1949, Rheingold School was consolidated with the Fredericksburg Independent School District, ending more than seventy-five years of educational service to the rural community. Today, the restored schoolhouse continues to preserve the history and traditions of the Rheingold community.