The castle on the slope of Mount Uzdykhalyntsia above the Andriyivskyi Descent, named after the hero of Walter Scott's novel Ivanhoe, the English King Richard I the Lionheart, was built at the beginning of the 20th century in the English Gothic style. From the very beginning, many mystical stories were associated with the building. For a long time, Richard's Castle was called the "Haunted House".

In the 1920s, Richard's Castle was nationalized and until 1983 it was used as communal housing. A number of famous figures of art and science lived in the house. In the late 1990s, the castle was purchased by an American businessman of Ukrainian origin.