The invention discloses an eco-friendly construction decoration coating, and belongs to the technical field of a coating. The coating comprises the following raw materials, by weight part, 30-40 parts of a silicone-acrylic emulsion, 10-14 parts of sodium silicate, 5-8 parts of coconut oil, 10-12 parts of palm oil, 15-17 parts of fumed silica, 4-6 parts of vermiculite powder, 5-7 parts of titanium dioxide, 4-6 parts of calcium carbonate, 13-15 parts of a brominated epoxy resin, 3-5 parts of resorcinol di(dibenzyl phosphate), 1-3 parts of carboxymethyl cellulose, 9-13 parts of glycol, 2-4 parts of a water reducer, 1-2 parts of an antifoaming agent, 0.5-1 part of a light stabilizer, 1-2 parts of a film forming auxiliary agent and 26-30 parts of water. The invention further discloses a preparation method of the eco-friendly construction decoration coating. The coating is eco-friendly, is small in pollution and good in adhesion performance, and has excellent flame retardance.