The present palace was built under Adolf Friedrich III according to plans by Christoph Julius Löwe between 1749 and 1752 as a widow's residence for his stepmother Elisabeth-Albertine.
The two-story, plastered half-timbered building with three-story middle and side risalites borrows its spatial structure and design from French models and was provided with a sumptuous interior. The banqueting hall is an outstanding example of 18th century courtly room decoration in Mecklenburg. In 1761 the permanent court residence in Mirow ended, as Neustrelitz became the main residence. The family members only came to the palace for funeral ceremonies. The hereditary burial place is located in the nearby Johanniterkirche. After 1920 the castle was used for different purposes.
It has been carefully restored since October 2005. Events and exhibitions are held in the Kavaliershaus and in the Remise.
The former baroque garden was transformed into an English park in the 19th century. An arched bridge with shell limestone vases leads to the romantic "Love Island" with the resting place of the last reigning Grand Duke of Mecklenburg-Strelitz.
