The invention discloses a real stone paint and a preparation method thereof. The real stone paint is prepared from the following raw materials in parts by weight: 80.0-120.0 parts of water, 3.0-17.0 parts of ethylene glycol, 1.0-10.0 parts of a dispersant, 0.2-1.0 part of a wetting agent, 0.2-4.0 parts of cellulose, 0.2-4.0 parts of a PH modifier, 10.0-40.0 parts of silica sol, 30.0-50.0 parts of elastic emulsion, 20.0-90.0 parts of styrene-acrylic emulsion, 40.0-60.0 parts of 20-40mesh natural colored fine sand, 160.0-240.0 parts of 40-80mesh natural colored medium sand, 400.0-480.0 parts of 80-120mesh natural colored coarse sand, 50.0-70.0 parts of color sheets of the real stone paint, 1.0-10.0 parts of coalescing agent, 0.2-4.0 parts of defoamer and 0.2-4.0 parts of a corrosion remover. By adopting the preparation method of the real stone paint, the elastic emulsion and the styrene-acrylic emulsion are matched; the film has the hardness of a surface film and the advantage of interior flexibility of a coating, can resist external damage, can cope with flaws caused by similar wall cracking and substrate construction defects, and is especially applicable to an area with a large temperature difference between day and night.