Makrinitsa`s settlement (called “The Balcony of Pelion”) began around 1200 A.C. and has gradually developed to a large village with an independent economy and trade connections with the major economic centers of the Mediterranean and Western Europe.

Main sources of income were the silk, spinning, tanning, farming and lumbering.

The mansions which exist today are features of the northern Greek architecture of the 17th century, as the rest of Pelion ,and reflect the richness of the last period of Ottoman rule.