The ancient settlement of Vasilike is one of the first Minoan settlements with town-planning. It occupies the top and slopes of a low hill near the village Vasilike, in the vicinity of the Minoan settlement of Gournia. The first settlement dates back to the Early Minoan II period (2600-2300 B.C.) and owed its development not only to the strategic position, controlling the Isthmus of Hierapetra, but also to the neighbouring fertile plains. The central building of the settlement was destroyed by fire in around 2300 B.C.

The exhibited objects in the Museum come from all over Crete. These objects show that the folk culture of Crete is characterized by an amalgam of influences in which Minoan (2000-1000 BC), Archaic (1000-500 BC) and Byzantine models prevail, especially in agriculture, stock breeding, pottery and basketry.

The archaeological site, the palace, the findings - The Festos Disc. According to mythology, Phaistos (or Festos) was the seat of king Radamanthis, brother of king Minos. It was also the city that gave birth to the great wise man and soothsayer Epimenidis, one of the seven wise men of the ancient world.Excavations by archaeologists have unearthed ruins of the Neolithic times (3.000 B.C.).

The disc of Phaistos is the most important example of hieroglyphic inscription from Crete and was discovered around 1903-05 in a small room near the depositories of the "archive chamber", in the north - east apartments of the palace, together with a Linear A tablet and pottery dated to the beginning of the Neo-palatial period (1700- 1600 B.C.).
The disc of Phaistos can be seen at the Archaeological Museum of Heraklion.

The "Royal Villa" at Ayia Triada which is situated very close to Phaistos, was built in about 1550 BC. i.e. just before the new palace at Phaistos, and was destroyed by fire in l450 BC, like all other important Minoan centres. It succeeded the first palace at Phaistos as the economic and administrative centre of the regions depriving the new palace there of this role, and appears to have had connections with Knossos. The two wings, with an open-air space between them, consisted of groups of interconnecting rooms (polythyra), storerooms and stairways. On the site of the ruins, a Mycenaean megaron, the so-called "Agora" and an open - air shrine were subsequently built.
In the villa's disaster layer from the fire in 1450 BC, excavation revealed a valuable group of exceptional works of art, precious materials, records in Minoan script and seals. The famous black serpentine vessels, the "Harvesters' Vase", the "Boxers' Vase" and the "Chieftain ‘ s Cup", the wall paintings depicting the natural landscape, the sarcophagus, the bronze and clay figurines of worshipers and the copper ingots from the Treasury are among the most noteworthy findings.