The current palace was built between 1761 and 1770 by order of Charles III, in neoclassicist style after an earthquake devastated the previous monastery. Directly linked to the court, its style is very Italian neoclassicist, in which the architect Miguel Fernández followed the teachings of his master Francesco Sabatini (1722-1797).

The façade of the convent is very sober, with triangular pediments over the windows on the main floor but without columns or pilasters, and the same feeling of robustness is given by the interior courtyard, with stone arcades in the lower part and balconies on the two upper floors.

The church, located on the west side of the building, has three naves with side chapels and a dome over the transept. The façade is dominated by two towers that flank a large triangular pediment and shelter giant pilasters between which the doors and two balconies are located. Only the glazed tile cladding on the towers and the dome are in the Valencian tradition.

The interior also features the imposing classical order of the walls, and of particular note are the tabernacle-shaped high altar shrine and the paintings with mock perspectives made in 1770 by Filippo Fontana.

Today the monastery is the seat of the State Government delegation.