Olallie Butte was named in 1915 by the United States Board on Geographic Names. In 1921, they listed it within Marion and Wasco County, but later revised this to also list Olallie Butte as a feature within Jefferson County, Oregon. The Olallie Lake Resort, built in 1932, sits at a remote location in the Olallie Scenic Area. Open from June to October, it has a general store, rowboats, 10 cabins with wood-burning stoves, and no phone or internet service. There is also no electricity, gas, or ATM service.