It is a cultural centre, a venue for concerts, balls, conferences and exhibitions.

He created a Neo-Renaissance building here in 1836–1837; it was named after Princess Sophie (Žofie in Czech), mother of Austrian Emperor Franz Joseph I.

[1][4] In 1884 the City of Prague bought the island, including the palace which was rebuilt as a two-storey building.

Berlioz, Liszt, Tchaikovsky and Wagner appeared in concerts in the palace.

Má vlast, a set of six symphonic poems by Bedřich Smetana, was first performed in its entirety in Žofín Palace on 5 November 1882.