GYPSY COVE is one of the 2 Coves offered to "cruisers" for penguins watching. I only saw Megallenic penguins here & the distance is not too close either.
If you are offered a choice & want to view the King penguins, I suggest you take the other tour which is more expensive but more worthwhile. You'll have a very close encounter with the "Kings" on this 4W drive tour!
Yorke Bay is popular due to its close proximity to Stanley & offers great opportunity to view wildlife in their natural habitat. Penguins & night herons are spotted frequently along the coast.
The sea looks pristine though I'm not sure if swimming is allowed here. Perhaps its not even warm enough!
Whalebone Cove + Lady Elizabeth
Built in 1879, the Lady Elizabeth can be seen on the eastern end of Stanley Harbor. We passed by it on the way to Gypsy Cove. It serves as a landmark for Stanley & was used in the past to ship building materials for Chirst Church Cathedral.