The museum houses Prince Eugen's extensive art collection, which includes approximately 7,000 works, primarily Swedish paintings but also sculptures, drawings, graphics, and medals.

After Prince Eugen's death in 1947, the estate was bequeathed to the Swedish state and opened to the public as a museum in 1948.

Prince Eugen had been educated as a painter in Paris and after his death the house was converted to a museum of his own and others paintings.

The estate is set in parkland which features centuries-old oak trees and reflects the prince's interest for gardening and flower arrangement.

The Art Nouveau interior, including the masonry stoves, by Boberg are designed in a Gustavian style and makes good use of both the panoramic view of the inlet to Stockholm and the light resulting from the elevated location of the building.