49.9314°N -6.2874°WWatermill Cove is on the north–east coast of St Mary's, Isles of Scilly.
It is a historic anchorage, still used today by passing yachts and other small vessels. At Tregear's Porth, there are the remains of an old quay, with the slipway still in use for small craft.
The cove is within an Area of Outstanding Beauty, is a Geological Conservation Review site and was designated a Site of Special Scientific Interest (SSSI) in 1996.The 0.48ha site is notified for a succession of Quaternary exposures in the cliff and from sea level to the top of the cliff (oldest to youngest) the succession shows: