At the conclusion of the reconquest of Málaga, the knight Diego Romero receives 159 acres of land within the city of Málaga thanks to the Catholic Monarchs (1490).

In 1494, an additional 32 acres of land was given to him in a place called “La Piçarra”, together with two “caballerías” (a land measurement of varying sizes, usually 42 hectares) that he had purchased from neighbouring settlers of the city of Álora.
He erected the first building (a farmhouse) on these lands, where the family seat would also be built. He ordered the construction of a church and gave the people land for them to build their first houses.

He was, therefore, the founder of our town. His only daughter, Doña Juana Romero de Orellana, who was married to Gonzalo Suárez de Figueroa, founded an estate on the lands inherited from her father in 1535, surviving up to the 19th century.

The current Palace, of “Neomudejar” style, was built on the foundations of the old houses of the estate, at the beginning of the 20th century. The building consists of a central part of two floors and other three sections (towers) of three floors each.

It is surrounded by a wide and beautiful garden where a great diversity of botanical species can be found. Among them, the wisteria, which comes from China, must be pointed out.
Amongst the possessions of the Palace, paintings by Goya, Madrazo, Coello and other artists stand out, notably the famous portrait of Carlos III Hunter by Goya, of which the artist painted three different pictures. One of them is at the Prado Museum, in Madrid, the second one is in Pizarra. Nobody knows where the third replica is located. This and other works by Goya belong to Doña Mercedes Falcó y Anchorena (Duchess of El Arco and widow Countess of Puerto Hermoso), descendant of the Duke of Fernán Núñez, one of the main patrons of the Aragonese painter.
The Flemish tapestries, oriental porcelains and works of silver are equally outstanding. Of note in the lounge is the Mudejar-style moulded ceiling, similar to the one found at San Pedro Apóstol Parish Church. In the hall, the hanging stairs and the great fire place are exceptional. The “stucco” technique was used to dress the walls of some rooms.

It is necessary to mention the overnight stay of King Don Alfonso XIII in the Palace (21st May, 1921) as well as the later celebration of the “Conference of Pizarra” also known as the “Conference of Morocco”, for the pacification (something that would not be achieved until 1925 by means of the disembarkation of Alhucemas by Primo de Rivera) of the territory included in the Spanish protectorate of Morocco, that took place between the 4th and 6th of February, 1922.

It has always been the residence of the Counts of Puerto Hermoso. That is the reason why it cannot be visited.