It is situated near the settlement of the same name a few kilometres south of the town of Rethymno in the direction of Roussospiti. This very old monastery is considered to date back to as early as the 14th century. However, at some point it was destroyed and henceforth remained entirely deserted.
After restoration works were started in 1989, the monastery was given new life due to the eager activities of the nuns. Today the monastery also represents the heart of folklore traditions, which are protected and preserved by the nuns in the field of handicraft in general and of weaving and embroidering in particular, since it houses a permanent exhibition of needlework produced by the nuns themselves.