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The name of Finikounda comes from the ancient people of Phoenicians. The Phoenician Harbour was first reported by Pausanias, who had toured the area. Similarly, the Phoenicians, a maritime people, had colonized the region, founding a small city, the Finikounda, who was mainly shipping and transit centre in the early Greek period. This city was located to the side of the sea opposite the south end of the beach Makrinammos, which is located near the beach of Finikunda. Sometimes Finikounta was a pirate hideout. Due to the terrible earthquake, unclear when, the small Phoenician state sank to the seabed. The Phoenicians who survived settled on the hill of the Ascension, which lies between the two beaches. Up on the hill have been archaeological discoveries, which reveal the existence of a very old village. Today is the Cemetery of Finikounta.