Behind the dune ridge at the southern end of Cozumel, out of sight of the sea, lies a system of shallow brackish lagoons fringed with red mangrove. Laguna Colombia is the largest of them. It sits inside Punta Sur Eco Beach Park, which means there is exactly one way to reach it: through the park gate, paying the park's admission, and then along five miles or so of internal road.
The lagoon is the reason Punta Sur is a protected area rather than simply a beach with a lighthouse on it. It is a nursery. Mangrove roots are where juvenile snapper, grunts and barracuda spend their first year before moving out to the reef, which makes this water part of the same system as Palancar and Santa Rosa even though it looks like its opposite. Herons and egrets work the shallows. Frigatebirds hang over the ridge on the sea breeze. In winter the mangrove fills with migratory songbirds that came down the Yucatán flyway.
And there are crocodiles. American crocodiles live in Cozumel's lagoon systems and Laguna Colombia is one of their strongholds. They are a protected species here, they are genuinely wild rather than penned, and they are the reason that nobody — resident, visitor or guide — swims in a Cozumel lagoon. Sightings on the boat trip are likely rather than guaranteed, and are better on calm days and in the cooler months, when animals come out onto the banks to warm up.
The way to see it is a short trip on a small flat-bottomed launch with a park guide, usually booked at the lagoon itself rather than at the gate, and normally charged on top of park admission. There is also a wooden observation platform that gives you the lagoon from above and costs nothing extra, which is the right fallback if the boat is not running.
One thing to set expectations on. This is not the Everglades and it is not a wildlife spectacle. It is twenty to forty quiet minutes in a small boat on still brown water, with a guide pointing at things you would not otherwise have noticed, in a part of a park most visitors drive straight past on their way to the beach.