Dedicated to the Annunciation of the Theotokos, the monastery dates back to the 16th century.
It is built near the settlement of Parakalamos at an altitude of approximately 750m, at the top of a green hill rising above the valley of Kalamas, with a stunning view over the surrounding area.
Ruins of an ancient fortification have been found in the same location.
The katholikon of the monastery was built in 1598, a cross-in-square church with side conches and high multi-faceted dome. This is an architectural style that replicates that of the katholikon of the Monastery of Fathers in Lithino of Zitsa and is speculated that both churches are the work of the same group of workers.
The majority of the cells was recently reconstructed and the monastery complex is surrounded by a high surrounding wall.
The wall paintings of the church date back to 1602.
Two representations, at the sanctuary and the narthex, with the fathers of the monastery are of special interest. They are Ioannis Simotas; Ioannis and Emmanuel Kondaratos; and Ioannakis Kyritzis.
