Dragon Cove is a 550 m wide cove indenting for 600 m the northeast coast of Varna Peninsula, Livingston Island in the South Shetland Islands, Antarctica entered between Sigritsa Point and Ficheto Point. Surmounted by Sayer Nunatak on the southwest. The area was visited by early 19th century sealers.
The feature is named after the brig Dragon (Captain McFarlane) of Liverpool, which visited the South Shetland Islands in 1820–21.