The Goldstone Ground stood on Old Shoreham Road, Hove, opposite Hove Park in a partly residential area. The area was previously part of Goldstone Farm and was first used for a football match by Hove F.C. on 7 September 1901. Albion played there for the first time on 22 February 1902, and it became the club's permanent home the next season.
The main West Stand was largely built in 1958 and consisted of seating and terraces. The South Stand was originally built in 1949 and served family spectators. The North Stand was built in 1984 and consisted solely of terraces. The East Stand was formed of uncovered terraces. Floodlights were first installed in 1961. The ground also hosted football games for the 1948 Olympic Games, one of only two grounds outside London (the other being Fratton Park).
The ground was used as the home venue for both Tottenham Hotspur and Wimbledon during their ill-fated 1995 UEFA Intertoto Cup campaigns, where both clubs received season-long bans from European football by UEFA for fielding under-strength teams. The bans were overturned on appeal.
The last game at The Goldstone was held on 26 April 1997, in which Brighton beat Doncaster Rovers 1-0. The result lifted Brighton off the bottom of Division Three and meant that a draw or win in their visit to Hereford United the following weekend would prevent relegation to the Conference and preserve their Football League status. Brighton went on to draw the game 1-1 and secure survival - thus avoiding becoming the first former members of the top flight or the first major cup finalists to be relegated to the Conference.
The ground was sold by the board, who were trying to clear the club's mounting debts in an attempt to avoid bankruptcy, although no alternative football ground had been lined up, and the fans were not consulted. The then-chairman, Bill Archer, aimed to profit from the sale of the lucrative development land on which the Goldstone stood. A ground-share with Portsmouth never materialised and the club eventually arranged a ground-share with Gillingham at their Priestfield Stadium, over 70 miles from Brighton.
The sale of the club's stadium provoked two pitch invasions by angry fans in protest against it. A pitch invasion late in the 1995-96 season, when the Seagulls were relegated to Division Three, resulted in a suspended sentence of three points deducted and a game played behind closed doors for the club. A similar protest on 1 October 1996 in a league game against Lincoln City meant that a Football League hearing on 9 December that year saw them deducted two league points. The club later appealed against the points deduction but their appeal was rejected, although ultimately they still managed to avoid relegation from the Football League by a narrow margin that year.
The Goldstone Ground was sold to property developers and it has since been redeveloped as a retail park.
After returning to the Brighton area in 1999 following two years in Gillingham, Brighton & Hove Albion played at the Withdean Stadium, an athletics ground in the outskirts of the city. In 2011, they moved to Falmer Stadium in the village of Falmer, four miles north-east of the city centre.