The Lagundi Reef is considered located along the coast of Barangay Poblacion, Talisay City. It is the most accessible reef from the Queen City of the South since it is only 1.5 kilometers away from the shore. The reef was discovered by a CMAS instructor in 1981. After Mr. Nator discovered the reef, he returned in 2004 after working overseas. The reef was given the name Lagundi by Councilor Shirley Belleza in 2006 and was later opened as a dive site a year after.
The local government of Talisay City has started to implement the provisions of the Fisheries Code of the Philippines to protect the Lagundi Reef. The local officials are tasked in ensuring marine sanctuaries within their locality are protected under Republic Act 8550. This move came after blast fishing in the area was reportedly being done in the area. Buoys and markers were set up close to the reef and volunteers were tasked to keep an eye over the reef.