It had been renovated several times in history, the original monastery dating back to the 15th century, founded by Serbian Despot Stefan Lazarević (r. 1402–1427).

Hieromonk Mardarije erected a new monastery, dedicated to St. George, at the location of the ruins, in 1545.

It was destroyed in the 18th century, then reconstructed by clergymen Hadži-Ruvim, Vasilije Petrović and Hadži-Ðera between 1791 and 1795.

The present church facade dates to 1852, while the iconostasis was finished by 1858 by Milija Marković and his sons from Požarevac.

The locals called the fountain Bogova voda ("God's water"), hence the name of the monastery.