Malpe's history is deeply intertwined with its role as a prominent fishing harbor. For centuries, it has served as a vital trading and fishing center along the Karnataka coast. The region witnessed the rise and fall of various dynasties, including the Vijayanagara Empire, who recognized its strategic importance. In the past, Malpe was a significant port for exporting goods like tiles, fish, and spices. The Balarama temple located near the beach also holds historical significance, reflecting the rich cultural heritage of the region. The development of Malpe as a tourist destination is relatively recent, with efforts to promote its natural beauty and recreational activities gaining momentum in recent decades.