The fajã received its name due to its association with Valério Lopes de Azevedo, the magistrate/superintendent of the Donatary-Captain at the time, who was one of the principal property-owners. During the 17th century, a whale-watching hut was established on the flanks of the fajã in order to spot whales transiting the northern coast. Fisherman from Ouvidor and surrounding settlements would then leave their homes in order to hunt whales: due to the decline of whaling the outpost was abandoned. There is one religious meeting-point in the fajã: the Hermitage of Nossa Senhora das Dores, which dates to 1903, and includes old images created in the parish of Norte Grande. In 1948 a formal roadway was opened to the public, from the principal viewpoint to the coast.
Geography
Physical geography
The fajã is known for the geological feature along the coast, including the many poças, or tidal pools. The lava fields generated many natural pools that support protected natural swimming areas, the largest being the Poça de Simão Dias. Similarly, the fajã's coast is dotted by grottoes and coves, formed by marine erosion, including the Furna do Lobo, a cove approximately long and only accessible by boat. Among the waterways that descend from the flanks of Norte Pequeno are the Ribeira da Casa Velha. the Grotinha do Furão and the Ribeira do Ilhéu, supported by two important springs: the Abelheira, situated alongside the roadway to Ouvidor, and the Caminho Velho on the otherside of the main square.
The fajã is occupied by couple of dozen homes, some dating back centuries. But, less than half those homes are constantly inhabited throughout the year. The majority of the remaining homes, and new dwellings are inhabited during the summer months, when local population "booms" with summer tourists and visitors: there are approximately 30 families that have homes in this community. It is one of the few fajãs that have a sufficient population to support a disco, café, restaurant and lighthouse and is one of the most visited fajãs on the island, due to its ease and access from the interior. During the winter months there are farmers who graze their few cattle on private land, but generally, arable land is occupied by potato, bean, corn, garlic, onions and small vineyards. The fishing port that includes a crane, supports various maritime activities including boating and recreational and artisanal fishing, using hooks or nets.
Culture
The festival honour Our Lady of Sorrows occurs annually on the third Sunday in September, with mass, sermon and a procession paying vows of its parishioners.