Kranevo has succeeded an ancient Roman stronghold, known as Ekrene or the harbour Kraneia. Traces of the Roman fortress, which was exploited during the Middle Ages as well, have been found on the southern plateaus above the village.
Relatively close to Kranevo is the famous Aladzha Rock Monastery. On the opposite direction are located the town of Balchik with its beautiful Palace and Botanic Garden. Accommodation could be found amongst the big number of private rooms offered.