Paleos Panteleimonas is located at the northeastern foot of Olympus mountain. It is characterized as a traditional settlement as it is one of the best examples of traditional Macedonian architecture in northern Greece.
The settlement managed to retain its local color as it had been almost deserted since the 1950s, when its inhabitants moved en masse to the largest settlement of Neos (New) Panteleimon.
In the 1980s, however, the situation changed, when the settlement was restored and its rapid tourist development began.
The traditional local color of the settlement as well as the short distance that separated it from the tourist resorts of Pieria and the Athens-Thessaloniki national road sparked tourism in the area.
Today it is an attraction for visitors and passers-by in southern Pieria.