The monastery is in the village of Achendrias on a hill overlooking the sea and surrounded by olive groves. There is a small forest with Cretan date palms to its north.

Monks coming from the monastery of Koudouma founded a monastic community here, probably in the 14th or 15th century. In 1959, the monastery stopped functioning and today it is a place of pilgrimage.

The main church is carved into a rock and dedicated to Agios Nikitas. Some wall paintings remain still within it. According to the scholar Paul Faure, the church dates to the 17th century.