While not a landmass, plenty of people call Cradle Bay their home, such as pirates and smugglers, perpetually sailing the waters looking for loot.
Rumor has it that the mist banks that appear out of nowhere in the areas furthest from land must be arcane in nature, or perhaps hide something not meant to be found.
There are, as far as most people know, no major islands or landmasses in Cradle Bay. Those who sail the seas often know that that isn't quite true; there are some rocks and small islands here and there, serving as shipyards, some even containing small towns. Pirates have allegedly been bribing cartographers to keep these off the map.