It is also located on the east side of the Athonite peninsula, very close to the monastery of Karakalou. It is the 12th monastery in the hierarchy of Athos’ monasteries while it is built on a hillside that is surrounded by dense vegetation.
The Philotheou Monastery was founded in 992 AD by the student of St Athanasius the Athonite, Osios Filotheos. According to historic sources, the initial monastery was in a region called "Kravvatos" where now is situated the small church of Profitis Elias which was called "The Small Monastery of Fteri". For a small period of time, the abbot of this monastery was St Dionysius of Olympus. The monastery was moved to its current location in the 11th century following the architectural patterns of the old building.
The main church of the monastery is dedicated to the Annunciation of the Virgin Mary and it includes many murals from 1752. The smaller churches of the monastery, host the icons of the Virgin Mary that according to the belief they are related to miracles. Moreover, here are kept the remains of St Anna as well as the imperishable right hand of St Ioannis Chrysostomos.
The fraternity of the monastery consists of approximately 70 monks while they can accommodate a small number of guests, so a phone call before going is always necessary.