Built in 1755-1803, the Sawantwadi palace the pride of the village. Situated atop Narendra Hills the palace belongs to the then state rulers, Khem Sawant, after whom the village was named as well.
This old palace was constructed by Khemsavant on the ground near the hills. The palace is currently the residence of the royal family of the present Queen mother H. H. Satwashiladevi. The Queen has taken the initiative to popularize the local art of Ganjifa. The palace is known for organizing workshops to the train the new generations about the art of woodwork, painting and later work. It is a major attraction for both locals and foreign tourists.