The palace was built in the 1820s and rebuilt in 1835 and is surrounded by a landscape style park.

During the Revolution of 1905, Stameriena was an important rebel center and during these battles the palace was burnt down by the revolutionaries. It was restored in 1908. The palace was not restored to its previous appearance, but undergoing a major rebuilding, thus acquiring the features of neoclassicism and Art Nouveau.

In the 1930s, the world-famous Italian writer, Giuseppe Tomazi di Lampedusa, married to Baroness Alexandera von Wolff, lived in Stameriena Palace.

For two years the Gulbene Municipality has renovated and restored the facade, roof and windows of the Stamereriena palace, and has created a multimedia exposition on the Wolf family and a large-scale photo exhibition on the history of the palace.