A settlement at Stobhall is thought to have been founded originally in the 12th century and its Chapel is 13th or 14th century. Around 1360 the Drummonds acquired the property, probably through marriage with the Mountfichet heiress. Between that date and 1490 two Queens of Scotland came from Stobhall, Margaret and Annabella. The latter married Robert III and from this marriage came the Stuart line of Kings and Queens. In 1490 the main family seat was moved to Drummond Castle. Dame Lilias Ruthven, widow of the 2nd Lord Drummond, moved to Stobhall on his death in 1571 and she was responsible for building the small castle on to the Chapel and converting the whole into living quarters. This was finished in 1578, a date found on the Chapel walls with her and her husband's arms. She probably also built the Kitchen/Laundry.
After the period of Cromwellian rule when the Castle at Drummond was destroyed, the 2nd Earl of Perth took up residence at Stobhall. He built the Dowery House before his death in 1662 and it is thought that the formal garden adjacent to it was laid out at this time. The 3rd and 4th Earls were both loyal to the Stuart causes during the 17th century and thus caused their financial and social status to fluctuate accordingly; the 4th Earl was Lord High Chancellor and in 1690 was made Duke of Perth by James II with whom he spent the last years of his life in exile in France after his deposition. The Drummond estates were confiscated during the 1745 uprising but the Crown allowed the widow of the 2nd Duke (d.1739) to remain at Stobhall until her death in 1773. The Dukedom became dormant in 1760 on the death of the 6th Duke. In 1776, Stobhall became the home of James Drummond of Lundin, (de lure 10th Earl), who, despite the attainder, lived a life of considerable luxury. His wife, Lady Rachel Drummond, and his sister-in-law, Lady Sarah Bruce, remained at Stobhall after his death in 1781, when the policies fell into neglect.
The forfeited estates were regranted to the (de jure) 11th Earl in 1784 and he was created Lord Perth. Drummond Castle once again became the main seat of the family. He died in 1800 and the estates passed to his only daughter Clementine who married the 19th Baron Willoughby D'Eresby seven years later. Although neither she nor her descendants lived at Stobhall, she made considerable improvements to the grounds. Stobhall was occasionally let, and Millais, the painter, is known to have rented the property in the 1850s.
In 1853, the Earldom was restored and in 1902 Viscount Strathallan became 15th Earl of Perth. In 1953, the Earl of Ancaster passed Stobhall to the present 17th Earl of Perth enabling the title and estate to be joined again after a lapse of almost 150 years. Since the 1950s, Lord and Lady Perth have been responsible for considerable improvements to the buildings and policies.