Coconut Point is the north-eastern corner of the island's Settlement coast and the most energetic of the dives close to Flying Fish Cove. Extra Divers call it 'a classic Christmas Island drift' of swirling currents and wild encounters, a high-energy site for adventurous divers, with a depth range of 6–16 m. Wet'n'Dry and the Tourism Association list it among the island's regular sites.

The reef here is a relatively shallow platform and slope swept by the current that wraps around the corner of the island. Sandy patches among the coral hold large garden eel colonies, the eels leaning into the flow, and the current feeds gorgonian fans growing from the reef. Schools of fusiliers, surgeonfish and snapper hang in the flow, and trevally hunt them. The site's reputation, though, is for hammerhead sharks, which Extra Divers list among its marine life – scalloped hammerheads are seen around Christmas Island, and a point like this, where current meets deep water, is where they come closest.

Below the reef, scientists surveying the island's submarine caves (Tan et al., 2014) recorded a cave system with a narrow mouth about 3 m across at 15 m, affected by strong surge during tide changes – see the separate Coconut Point Cave entry. It is not part of the normal drift dive.

The dive is run as a drift, with the boat following the group. Conditions vary with the tide from a pleasant glide to a fast ride, and the current can swirl and change direction near the point. It suits intermediate and advanced divers comfortable with drift diving, quick descents and DSMB deployment. Being only ten minutes from the jetty, it makes a lively short trip when the longer north-coast runs are not on.

Fly from Perth (about 4 hours, two to three flights a week, some via Cocos Islands) and hire a car – there is no public transport. Both dive centres are in The Settlement and launch their boats from the jetty/boat ramp at Flying Fish Cove, normally at about 8 am for a two-dive morning trip. From the cove the boat runs east along the Settlement shoreline along the coast for roughly about 10 minutes to Coconut Point.

There is no land access to the dive, and the vertical sea cliffs mean no exit other than the boat. Operators choose sites on the morning according to swell and wind.

On the north-east corner of the island, off The Settlement. Sheltered from the south-east trade winds (roughly April/May–November), when it is usually calm, but exposed to northerly and north-westerly monsoon swell from about December to March/April; Extra Divers report February–April as peak swell season when boat diving is often cancelled. The corner catches currents that sweep around the island, so conditions can change within a single dive.

Visibility is normally 25–40 m, lower after heavy rain and during red crab spawning (October–January), which is also when whale sharks are most likely. Current strength at the point varies with the tide; operators pick the timing and direction of the drift.

Negative or quick descent onto the reef at 10–14 m upstream of the point, then drift with the current past the eel gardens and gorgonian fans, keeping close to the bottom and the group. Watch the blue for hammerheads. Deploy a DSMB near the end and do the safety stop in open water for the boat to follow.

Extra Divers Christmas Island – regular drift dive; CI Wet'n'Dry Adventures – lists Coconut Point among its regular sites.