Local economy is dependant on tourism, olive oil production, farming, sheep and goat herding, and fishing. The name of the village is directly related to the existing middle-age castle.
Built by the Venetians in 1371- 74, the castle’s function was to serve as a garrison to control and impose order on the Sfakia region. At the time it was necessary to suppress rebellions, to deter pirates, and to protect further Venetian development. There were many revolutions against the Venetians. Most famous uprising was “the blond haired maid”, and this took place on 18th of May 1828. Named by the Venetians as Saint Nikitas Castle, after the nearby church, Frangokastello never gave a positive impression to the Sfakians, however. Cretans contemptuously dubbed it “Frangokastello“, meaning the Castle of the Franks– Catholic foreigners. The name eventually stuck and was adopted by the same Franks (Venetians) as well as passing the stages as Castelfranco or Franco Castello etc. Fortress (castle) has a simple rectangular shape, a tower at each corner (four) and the Venetian coat of arms above the main gate. The constructions within the walls and the battlements were built during the Ottoman Turkish occupation. In the fields just outside the Castle there was a battle between Sfakians and Turkish forces, where Chatzimihalis Dalianis lost his life along with 385 comrades. Locals took revenge for their deaths by ambushing Mustafa Pasha and his army at the nearby Kotsifou gorge, when he was leaving. The area around the castle is full of other tales too, with the most famous one being the phenomenon of Drosulites. In May, usually at dawn, locals and other people have seen shadows of cavalry fighters who proceed into the horizon from the sea side.
Today the people of this area quietly enjoy the benefits of a rich history for such a tiny place. Oasis Apartments and Taverna is one of the small units on the Frangokastello beach. A great location, clean, solidly made, fully equipped and air-conditioned, we offer our apartments for a surprisingly low prices, even in the main season. Our philosophy, and a target generally, is a decent life of tourism and not super-fast profit or a huge business. The Restaurant- Taverna is well known in the area and further. We specialize homemade traditional cuisine based on local and natural ingredients. Sea food, vegetable, milk products or meat mainly produced by ourselves or delivered from known local sources. Just a front of the OASIS Apartments and Restaurant you have long sand beach to enjoy during the day or evening.