A Mycenaean settlement flourished from the 14th c. BC until the beginning of the 12th c. BC. in the neighborhood of the modern semi-mountainous village named Lazarides. The site is located οn a high plateau οn the eastern part of Aegina, ten kilometers from the harbor and Kolonna, about an hour's walk from the eastern coast and unseen from the sea. To the S and in a short distance from the settlement a cemetery with spacious built chamber tombs was discovered.

The material from the settlement and the cemetery as well as the special type of the tomb used there provide good evidence of the opulence of the inhabitants and the relations of the site  with several areas in the Aegean.

The finds  include a great amount of locally made and imported, mainly from the Argolid, pottery, figurines of various types, seals, jewels, made of glasspaste, fayence, amber, semi-precious and common stones, as well as bronze and silver, items made of stone, bone and ivory and also a very interesting group of metal artifacts. 

The surface survey began in 2002, the excavation in 2005 and it is still in progress.