The palace was commissioned in 1910 by King Chulalongkorn, in order to serve as an alternative country residence to the royal palace of Phra Nakhon Khiri, whose hilltop location was becoming inconvenient.
The palace was completed in 1916 in the reign of his successor, King Vajiravudh, who named it Phra Ram Ratchaniwet.
The front façade features a large fractable, and a domed circular hall is attached to the right wing.
A central courtyard, said to have housed the first badminton court in Thailand, today features a fountain.
The building is a registered ancient monument, and received the ASA Architectural Conservation Award in 2000.