The beauty of the Lake Palace lies in its location. This little marvel lies in the middle of Pichola Lake. It is located in the Jag Niwas Island. The Lake Palace was once the summer retreat of the Rajputs. This magnificent structure was built by Maharana Jagat Singh in 1743. The location as well as the craftsmanship of the palace has the power deport one to fairylands. Ethnic themes have been used to build this palace. It seems as if the palace is rising out of the azure waters of the lake. The pristine white marble of Lake Palace presents a striking contrast to the striking hue of the lake water.

Presently the palace has been converted into a heritage hotel. While this palace was being built Mughals and Rajputs shared a good rapport. Hence an influence of Mughal architecture can also be seen in the palace. The courtyards of the palace are lined with pillared terraces, columns, gardens and fountains. The rooms of the heritage hotel are decorated with arches and painted mirrors. Within the Lake Palace the travelers will come across Bada Mahal, Kush Mahal, Ajjan Niwas, Phool Mahal and Dhola Mahal. Though the palace has been converted into a hotel its basic layout still represents the Rajputana grandeur.