Paleokastro belongs to the Municipality of  Elassona.  It is within 16 km from the city of Elassona and it is built at an altitude of 210m.

According to late historians (Arvanitopoulos etc.) Paleokastro is built on the ruins of the ancient cit of Mondea. The ruins of two large castles salvaged until today, but also some smaller that are visible on the surrounding hills of the village, witness the history and the significance of Paleokastro. The area has been officially declares as an archaeological site.

In 1995 in the area surrounding Paleokastro there was found a cave rich in stalaktites and stalagmites, which still awaits investigation by speleologists for recovery.

Nowadays, the 350 villagers are engaged in agriculture and animal husbandry. The cultivation of olives is particularly widespread. In the region there are more than 20.000 olive trees. 

At first a visitor will admire the village's churches and chapels (19th c.), while enjoying a naturalist walk, since the village is built at the confluence of the rivers Titarissios and Xerias.

Many people flock to the village to attend the festivals of Saint Constantine and Saint Helen (May 21) and Saint Athanassios (Januray 18) with traditional music and dance events and feasts. The village's Cultural Association also caters for merry traditional events during the Carnival. The village has also cafes and taverns endeavor to offer all year round pure moonshine and tasty delicacies.