Nuevo Baztán was built as a model village by Juan de Goyeneche (1656–1735) to accommodate industrial and agricultural projects.

The dedication of the church to Saint Francis Xavier reflects the Navarrese origins of the Goyeneche family.

[1] There have been proposals to restore the palace for use as an art gallery, although the project appears to have been put on hold.

The idea was a collaboration between the Community of Madrid and the art-collector Carmen Thyssen-Bornemisza who indicated her willingness to display items from her private collection on long-term loan.

[1] The palace has extensive cellars built for storage purposes and these are used to house an interpretation centre.