Originally known as Muchall-in-Mar, construction of the elaborate, five-storey Z-plan castle was begun in 1575 by the 6th Laird of Fraser, Michael Fraser and was completed in 1636. A panel on the northern side of the castle is signed "I Bel", believed to be the mark of the master mason during much of the construction.

The castle stands in over 300 acres (1.2 km²) of open woodland and farmland, including a walled garden and two forest trails. There is archaeological evidence of an older square tower beneath the current construction.

Today, the castle is owned by the National Trust for Scotland and is open to tourists during the summer months. It can also be hired for weddings and corporate events.