It was situated at the foot of Mokra Mountain, nearby hamlets Vrelo and Studenica, some 20 kilometers (12 mi) north of the city of Peć, in modern Kosovo.
[1] In the third decade of the 13th century, on the foundations of an older basilica, a new church dedicated to the Dormition of the Theotokos was erected in order to serve as a cathedral seat of the Serbian Orthodox Eparchy of Hvosno.
[2] The monastery is one of the only known churches dating from the 6th century in northern Illyrica (Province of Dardania), assumed to have been built by Justinian I.
It is one of the earliest structure dating from the mid-6th century, i.e. pre-Slavic migration, and therefore constructed in the early Eastern Roman style.
A century and a half later, after the creation of the Serbian Patriarchate of Peć (1346), the Eparchy of Hvosno was raised to the honorary rank of a Metropolitanate, and as such it is mentioned in written sources in 1473, 1566 and 1635.