Today, the wrecks of Spanish galleons make for fascinating dive sites along with black coral, exotic fish and a mysterious stone formation that some say that the Lost Continent of Atlantis is located off the shores of Bimini and the Ponce de Leon’s fountain of youth is located in South Bimini. Bimini’s waters are popular for the big-game fishing.

Fishing in Bimini is absolutely unparalleled for the size and variety of the catch. Sailfish, tuna, wahoo: in fact over 50 world records have been set in these waters, the inspiration for Ernest Hemingway's Islands In The Stream.

Alice Town, the "commercial centre" of Bimini, consists of a single quiet road called the King's Highway, lined with a few small necessity shops, a half dozen local restaurants and an equal number of funky, down home bars.

The Bimini Biological Field Station (BBFS) a small, self contained research station affiliated with but not owned by the University of Miami is located on Bimini. Its mission is evenly divided between education and research. Courses are offered at both secondary and university level. Most of the research involves the abundant and accessible elasmobranch fish fauna, especially the lemon shark.