The monastery was founded in 1688 with the funds of the Astrakhan Metropolitan Savvaty outside the White City, on Ivanovskaya Street, across the Kutum River, a tributary of the Volga. In 1723, the monastery was closed and turned into a hospital, but it was restored in 1727. Since 1764, the monastery became non-staffed and non-residential. The only stone church, built in 1697, was dedicated to John the Baptist and housed a highly venerated icon of John the Baptist. From 1884, a church-parish school operated at the monastery. In the early 20th century, the monastery was home to the abbot, eight monks, and five novices. In 1919, the monastery was closed, and its buildings were used for housing and economic needs. In 1940, the bell tower and the gate church in honor of John the Warrior were dismantled. The restoration of the monastery began in 1992, and in 1995 it was finally handed over to the Church. On February 22, 1995, by the decree of Patriarch Alexy II, the monastery received official status. The first abbot, on April 24, 1995, was Hieromonk Joseph, in the world Alexander Stanislavovich Maryan. The first residents, Hieromonks Nil Bednyakov and Nestor Nebesnov, arrived from the Assumption Cathedral.

Due to Father Joseph's illness, on October 10, 1996, the duties of the abbot were transferred to Hieromonk Philip Treshchev. That same year, for the first time since its revival, a monastic tonsure took place in the monastery.

With the appointment of Hieromonk Peter Barbashov as abbot on December 28, 2000, the process of the monastery's revival accelerated. The territory was fenced with a metal fence, which helped to get rid of unwanted visitors. In 2001, the construction of a bathhouse and a brotherhood building began. The new building was two stories: the first floor housed a refectory, a lecture hall, a carpentry workshop, and a garage, while the second floor contained cells. In 2002, Patriarch Alexy II visited the monastery, and at that time, the abbot's building was returned. In 2003, the reconstruction of the building, which housed Sunday school classes, a choir class, a vestment room, and a library, was completed. In 2004, a skete was established in the village of Nikolо-Komаровka, where a house church in honor of the icon of the Mother of God "The Inexhaustible Cup" was consecrated. In 2005, the domes of the monastery church were renovated. The brotherhood took under its care the Church of the Entry into the Temple of the Most Holy Theotokos, where services resumed. In 2006, the restoration of the church facade and frescoes began. In 2007, a new transformer substation was built, and the old one was dismantled. In 2008, the church windows were replaced, the brickwork was renewed, and the walls were painted. For the first time in many years, a wedding took place in the Church of the Entry into the Temple of the Most Holy Theotokos. In September 2009, a Center for Additional Education "Boglep" opened at the monastery. On October 20, 2009, Archbishop Ion Karpukhin consecrated the monastery church. In the summer of 2010, the first tonsure into the great schema took place. Schema monk Mitrofan became the first schemamonk in the diocese. In January 2011, an exhibition of photographs by Abbot Peter Barbashov was held.

As of 2011, there were 14 residents in the monastery, including the abbot, the superior, hieromonks, hierodeacons, monks, and novices.

In 2012, a book by L. G. Bukhtoyarova titled "A Road Three Centuries Long" was published, dedicated to the monastery. It contains historical materials about the monastery and its modern life. In 2013, after long negotiations, two buildings of cells were returned to the monastery, which allowed for the restoration of its historical integrity. Since Easter 2016, the church has been adorned with lighting from 182 lamps. As of 2018, there were 12 members of the brotherhood living in the monastery, not counting the novices.