This is a world renowned tourism resort located to the north of Aghios Nikolaos, having an indented coastline, shaded beaches, crystal clear seas, and a tranquil and heavenly environment. It is 10km distance from Aghios Nikolaos, and the cutting along the side of the road affords you the opportunity to admire the spectacular view of Mirambello Gulf and Korfos. The village is built on the southern coast of the Gulf of Elounda, 1km east of the ancient settlement of Olounda, from which it has taken its name. This used to be the favored place of legendary figures from Minoan Crete and of historical figures of our times. The four villages of Elounda are spread out along the lower slopes of the approach to the Massif.

Nowadays, Elounda that consists of seven settlements from which the coastal one called Shisma is the most crowded, is a wonderful resort with modern tourist facilities, famous all over the world. However, it was also known to the Europeans before, due to its hones. The oilstone is mined from the near hills, and it is unique in Greece, used in the manufacture of sharpening tools.

From Elounda, many excursions are organized by caiques to the islet of Spinalonga. The islet is located in the northern edge of the peninsula and it was renamed Kalidonia in 1954.