The Sergiev Skete is located on Putsaari Island, 18 km northwest of the Valaam Archipelago. The island was acquired in 1866 under the igumen Damaskin along with other islands of Northern Priladozhye. This territory has been known since ancient times for its monastic feats. The name "Sergiev" skete was given in honor of St. Sergius, the Valaam miracle worker and founder of the monastery.

The landscape of the island is diverse: hills coexist with meadows and fields at their foot. The bay of the island serves as a convenient harbor for vessels, and two mountains rise on its sides. On one of them, called "Krestovaya," a stone cross 7 meters high is installed on two granite pedestals. The pedestals bear an inscription commemorating the transfer of the island into the eternal possession of the Valaam Monastery in 1878. In clear weather, the cross can be seen from 18 km away.

Igumen Damaskin planned to create a skete here for the secluded life of monks. Construction was carried out by the efforts of the monastic brotherhood under the guidance of Igumen Gavriil from 1891 to 1903. A stone church with a bell tower was built according to the design of architect V. I. Barankeev from red bricks produced in the monastery, on a granite foundation quarried on the island. The laying of the temple took place on July 25, 1896, and on July 18, 1899, the Bishop of Finland and Vyborg, Nikolai Ziorov, consecrated the temple in the name of the holy wonderworkers Sergius and Herman of Valaam.

The church could accommodate up to 50 people. The church utensils, icons, and the carved gilded iconostasis were made by the labor of the Valaam brotherhood. The bell tower housed bells weighing a total of about 17 tons. An hieromonk lived permanently in the skete to conduct services. A wooden cell building was constructed on the shore of the bay to accommodate 15 members of the brotherhood, as well as utility buildings. The inhabitants of the skete planted a small fruit garden, a vegetable garden, cleared hay meadows, and prepared the land for arable farming.

The monastery, using hired workers, quarried gray granite on the island, known as "Serdobolsky." This granite was used in the construction of the Resurrection Skete in Nikon Bay, the church of the holy wonderworkers Sergius and Herman, as well as several structures in St. Petersburg, including the Nikolayevsky Bridge and the Church of the Resurrection of Christ.

From the 1930s until 1995, the skete was abandoned. During this time, the cell building, the skete pier, and a factory for producing roofing shingles built by the masters of the Serdobol parish were destroyed. However, the brick church miraculously survived.

Currently, monastic life has been revived in the skete. Restoration work began in 2002, which has now been completed, and the temple has been painted. In 2006, the consecration of the temple in the name of St. Sergius, the Valaam miracle worker, took place. The cell building has been restored on the historical foundation, and a pier has been arranged.