The building is designed in a classic Rajput manner, with pink sandstone in a symmetrical style. The palace is a five storied building, of which four floors remain underwater when the lake is full and the top floor is exposed. The palace had suffered subsidence in the past and also partial seepage because of waterlogging, which have been repaired under a restoration project of the Government of Rajasthan.
The Jal Mahal it was supposed to be a hunting lodge for the king and his entourage during their duck hunting trips. The palace stands in the middle of the Man Sagar Lake, and is a famous spot till date for sightseeing.