This dive site, known as the Spanish Anchor, is located at the far South end of Molasses Reef, specifically at the base of mooring ball number 21. The prominent feature is a massive old Spanish Anchor, giving the site its name and a touch of historical intrigue. Navigation typically involves following the reef structure around this landmark. This area can experience significant currents, occasionally making diving challenging or impossible, so conditions should always be checked.
The site boasts typical vibrant Caribbean marine life. Divers can expect to encounter an array of sharks including nurse, reef, bull, and even hammerhead sharks, alongside various sea turtles, especially loggerheads. Other common sightings include eagle rays, stingrays, and a rich diversity of reef fish such as snapper, angelfish, grunts, parrot fish, and grouper.
The best time to visit this site is when currents are mild, allowing for a more relaxed and enjoyable experience. Divers should always be mindful of the current conditions, which can vary greatly. Its shallow average depth makes it suitable for snorkeling and freediving during calmer periods, while scuba divers of intermediate skill can explore its rich biodiversity and historical artifact.

