Today the former abbey is the sight of medieval ruins (Munkeby klosterruin) which are managed by the Society for the Preservation of Ancient Norwegian Monuments (Fortidsminneforeningen).

It has sometimes been asserted that the church here was the same as that dedicated to the local Saint Brettiva in Skogn, but this has not found general acceptance.

[3] Local tradition had always maintained that Okkenhaug Chapel had once belonged to a monastery; for centuries historians dismissed this, until in 1906, a letter dated 1475 from Pope Sixtus IV to Abbot Stephen of Trugge was discovered in the Vatican archives referring to the request for the restoration of the site as a functioning monastery.

All Roman Catholic religious houses were then seized and declared to be Crown property as was true of Munkeby.

They now form a companion community to the Trappistine nuns who have re-settled the site of the former Tautra Abbey.