It was built in 1916 by Italian architects, and eventually turned into a museum in 1971, and declared a historic monument in 1976.
It was purchased in 1925 by Pascual Baburizza, a distinguished investor in saltpeter mines who managed to have an important fortune in Chile, which was largely devoted to philanthropic works.
[1] In 1971, the palace was bought by the local government of Valparaiso to be used as a museum and a school of Fine Arts.
The building is an Art Nouveau chalet with remarkable details in its woodwork, wrought iron, and central turret.
The dining room has a unique renaissance-style fireplace built on marble and decorated with embossed medallions and braids, and above it, a fine linen tapestry from the 18th century.