The monastery was built by Petru Rareş in 1532, close to the ruins of the old monastery from the 15th century. In the centre of the precinct stands the "Annunciation" Church, having an open porch and a turret on the pronaos. The inner and outer painting was achieved by Marcu Zugravul in 1537. The princely house and the gate tower were built in 1612 by Metropolitan Efrem. The monument is included in the UNESCO World Heritage List. The exhibits include embroideries; wooden sculptures (Petru Rareş's princely chair, church furniture from the 17th century); icons, religious books; decorative pottery and architectural clay pieces, uncovered during the archaeological excavations.