Faldir's Cove[26, 82] is a small natural harbor on the southern shores of Arathi Highlands near The Drowned Reef.
An expedition of Blackwater Raiders, led by Captain Steelgut, was sent to this land in search of elven treasure. A device made by two gnomish engineers, Doctor Draxlegauge and Professor Phizzlethorpe, detected a treasure of elven gems calcified within the stones of the reef.
Unfortunately, due to mysterious tide caused by the nagas guarding the sunken ruins, two of the three ships sunk. The third ship, Harbinger, landed safely on the shore, however its crew was trapped in the bay, until some adventurers agreed to fight the Nagas and retrieve the navigation logs off of the sunken ships.
Notes
The cove can be reached through a short tunnel[22, 76] south of Stromgarde[21, 75] walls. If you find yourself at Faldir's Cove, having gotten there by some other route, you'll be glad to find the entrance to the tunnel at [22, 80]. This will allow you to return the 'mainland'.
Quests
Several quests are available from the NPCs in Faldir's Cove for both factions that give Booty Bay reputation and decrease your reputation with Bloodsail Buccaneers.