As early as around 1186 there were Beguines, or a similar community of women, on this site. In about 1211 they formed a more structured community which by 1248, when the church was dedicated to the Virgin Mary, had been formally constituted as a Cistercian nunnery, accounted a daughter house of Kaisheim Abbey; its founders were the local nobleman Volkmar von Kemnat and Hartmann von Dillingen, Bishop of Augsburg, of the family of the Counts of Dillingen.
Until 1803 the abbey was reichsunmittelbar and exercised territorial lordship over the villages of Gessertshausen and Altenmünster.
In 1803 the abbey was dissolved in the course of the secularisation of Bavaria. The nuns were not expelled, however, and the nunnery was reopened in 1836 by King Ludwig I of Bavaria as a priory, which was made an abbey again in 1918.
In the stables, unused since 1972, the Bezirk Schwaben established the Swabian Folklore and Crafts Museum (Schwäbische Volkskundemuseum) in 1984.
Here are also the nature reserve house of the Augsburg-Western Woods Nature Reserve (Naturpark Augsburg-Westliche Wälder) and the Swabian Gallery (for revolving exhibitions).