The Monastery was founded in 1750 by the archbishop of Paxi, Chrisanthos Petropoulos and it is dedicated to the Annunciation of the Virgin. It is called the Monastery of Kipouria due to the many gardens looked after by the holy fathers to be self-sufficient.. In 1915 it was bombarded by the French when, during a misty day, the cruiser mistook the chimney for the enemy's ship. The Monastery was further destroyed by the 1953 earthquake. Over the last 15 years the remaining buildings have been rebuilt by the only monk who lives at the Monastery. In the church you can see the miraculous icon of Annunciation and the sculls of the Monastery founders.
The main feast days are 25 March and 14 September . Visitors are welcome and the sea views with rugged coastline and steep white rocks beneath are breathtaking and the sunset is magical. The best views are from the Monastery courtyard but if the Monastery is closed, there are benches outside making an ideal place for a stop while touring the peninsula
