Panagia Eikonistria is the most holy site of the island, since the miraculous icon of Panagia was found here around 1650 AC. According to the tradition the icon was hanged from a pine tree and moved back-forth. That’s why is also called "Kounistra" (moving). An important intellectual figure of the island and of the Church, Dionysios the Old, was a monk at this monastery. The Catholikon is a basilica of one aisle with a dome, built in the 17th century and has a gold plated rood screen and spectacular hagiographies.
The Panagia Eikonistria icon in nowadays is housed in the Skiathos Cathedral church and is honoured every year on the day of the Presentation of the Virgin Mary, on 21st of November, with a great festivity as Panagia Eikonistria is the protector of the island.