The image showcases a magical, dreamlike scene situated in a serene and fantastical environment. At the center of the image is a pristine azure ocean, whose surface shimmers with an ethereal glow, reflecting the sunlight filtering down from a bright, partially cloudy sky. The water itself is a rich blend of blues and turquoise, transitioning from deeper shades near the horizon to lighter, crystalline hues closer to the foreground, suggesting varying depths.

In the foreground, the enchanting scene features two white horses, one of which has majestic wings, identifying it as a Pegasus. The winged horse is captured in motion, its wings fully spread as it soars gracefully over the water. The other horse, without wings, is depicted galloping through the shallow water, causing splashes that glisten in the sunlight. Both horses are brilliantly white, almost glowing against the vibrant background, with their manes and tails streaming in the wind, adding to the dynamic energy of the scene.

Surrounding the central figures, the landscape is adorned with lush, verdant cliffs that rise steeply from the water. These cliffs are interspersed with areas of dense, green foliage that catch the light, creating a vivid contrast against the darker rocky surfaces. The cliffs envelop a tranquil bay, giving the sense of an intimate, secluded paradise.

The sky above is a breathtaking element, with fluffy cumulus clouds bathed in golden sunlight, suggesting either sunrise or sunset. Light pierces through the gaps in the clouds, casting a magical glow across the scene. Additionally, an array of birds are seen in mid-flight, adding further life and movement to the sky.

Near the water's edge, vibrant coral reefs are visible, teeming with colorful marine life. Fish of various colors dart in and out of the coral, which itself boasts shades of orange, red, and brown. The juxtaposition of terrestrial and marine elements enhances the scene's fantastical quality, blending elements of mythology and nature in a seamless, enchanting tableau.