Eddies Cove East is an unincorporated fishing community located northeast of Anchor Point in the Strait of Belle Isle. The settlement is situated on a shallow bight with good shelter for small boats. Eddies Cove East was first settled by Phillip Coates, a Somerset fisherman, and his wife Sarah Duncan. The first official census in 1869, records one family with ten children in 1871. Because of a relatively high incidence of tuberculosis in the community from 1884 to 1911 the population grew slowly but reached 100 by 1935.

The fishing season is relatively short because of severe ice and fog conditions. Herring and cod have been the main species fished. The shrimp and scallop fishery, with its longer season, has been pursued since 1970. Logging and sawmilling have provided supplementary income, and the community produces a good quantity of vegetables for local use. In 1981 a post office and government wharf was constructed in Eddies Cove East and church and school facilities were located in nearby Flower's Cove and Green Island Cove.