The pagoda is located at the foot of the Pa Than Bridge, opposite Wat Mahathat. King Borommaratchathirat II (Chao Sam Phraya) commissioned its construction at this location in 1967. Legend has it that Phra Phloeng Chao Ai Phraya and Chao Phraya collided with elephants and died. They requested that two pagodas be built on this spot.

Wat Ratchaburana and Wat Mahathat were severely damaged by fires during the city's destruction. The remaining ruins suggest that the temple complex and its various sections were once very large. The main hall was 63 meters long and 20 meters wide. Three staircases led up to it. The temple walls were lined with windows. Remnants of the temple columns and the Chukchi base are still visible today. The surviving Buddha statue in the main prang is an example of the early Ayutthaya style. It was built in the typical Khmer style, with the prang being the central figure of the temple. Each niche of the prang contains a standing stucco Buddha statue. The prang is decorated with stucco and depicts Garuda, yaks, angels, and naga in beautiful patterns. Inside the prang is a two-story crypt that can be visited. Faint wall paintings can still be seen on the upper floor. The ground floor once served as a storage place for gold jewelry. A painting is also located there. The vermilion-painted and gilded Phra Prang of Wat Ratchaburana depicts Buddha in Buddhist and meditation postures, along with angels and flowers. The antiquities discovered there consist of gold, bronze, stone, terracotta, and precious stones. After the Phra Prang was excavated and restored by the Department of Fine Arts, the valuable pieces were placed in the Chao Sam Phraya National Museum. Tickets are available. Opening hours: 8:00 AM–5:00 PM (viewing until 6:00 PM). Admission: 10 Baht.