A blue hole is a large marine cavern or sinkhole, which is open to the surface and has developed in a bank or island composed of a carbonate bedrock. Blue holes typically contain tidally influenced water of fresh, marine, or mixed chemistry. They extend below sea level for most of their depth and may provide access to submerged cave passages. Well-known examples are the Dragon Hole and, in the Caribbean, the Great Blue Hole and Dean's Blue Hole.
Blue holes are distinguished from cenotes in that the latter are inland voids usually containing fresh groundwater rather than seawater.
Wikipedia https://en.wikipedia.org/wiki/Blue_hole
More information on the official tourist website http://www.bahamas.com/vendor/676/ocean-hole
Address (Unnamed Road), Bahamas
Coordinates 24°51'48.492" N -76°9'19.991" E