The subject of the research of this paper is the history and architecture of the palace that was built for the Serbian Crown Prince Mihailo Obrenovic, and that had been located within the central court complex of the Obrenovic Dynasty, in the immediate vicinity of Terazije Square in Belgrade. The attractive edifice lasted from 1860-1909 and was important marker in urban setting of Belgrade. The aim of the paper was to analyze and reconstruct the original appearance of this capital building on the basis of the scarce existing sources and available evidences. The edifice has been constructed with the idea of creating a royal residence that has been set within the framework of modern understandings of a ruler's space. Even though it didn't become the actual home of Prince Mihailo Obrenovic it was built and equipped according to the functions and needs of the official princely court. The research focus was placed on the background and particular reasons for conceiving and constituting this kind of representative architectural building of engaged rhetoric. Considering the social conditions, sudden and frequent changes within the political scene and changed understandings of the ruler's authority within the framework of the 19th century Serbian state, we have tried to explain and argue reasons and circumstances that led Prince Milos to decide to build this type of ruling residence for his successor. The issue of metropolis wasn't resolved until 1841. However, Serbian ruler was aware of the current European practice. We have reviewed historical backgrounds and strivings of Prince Milos Obrenovic to catch up with the European model when it comes to the ruler's ideology within which the court, it position, architecture and design held an impact of extraordinary importance. At the same time, the attempt was made to point to the essential changes when it comes to the widespread belief in attribution of the architectural design. We have challenged the authorship of Kosta Sreplovic that was set in the past and offered possible directions which would further point to new observations of authors' contributions and interpretations of European influences on the development of court architecture in our midst. The circumstances surrounding the pulling down and complete deletion of this topos from the mental geography of the inhabitants of the Serbian capital were also considered. The architecture of the palace did not fit into ideological shift and desirable shape of the king's court. Still, its initial idea lives through the fact that its place occupies the Presidential Palace, therefore it continues existing as an effective ruler's topos.