Thus named because of its proximity to the medieval aqueduct, it was founded in 1421 by the hermit Giovanbattista da Gubbio. It is adjacent to the church that was once named after Santa Maria Novella, restored in the 1600s. The interior boasts rich 15th century and 16th century decorations. The 18th century bell-tower is noteworthy for its brick adornment and the unusual onion-shaped summit. The monastery has two small cloisters.