Here, you will spawn a few hundred blocks away from two island villages at coordinates 500, 600 and 1000, 550, respectively.
The latter island village is surrounded by icebergs and has two blacksmiths. One of the blacksmiths has three diamonds inside his chest, which is great if you're looking to craft a Diamond Axe or a piece of diamond armor. Other diamond seeds can be found here if you're in need.
The area between the two island villages is occupied by an ocean monument, which stands at coordinates 750, 500.