A man has died in Port Philip Bay off Mount Eliza this afternoon.
Police were alerted to the missing snorkeler in the water off Daveys Bay Road when he failed to return to shore just after 5pm.
Water Police and the Police Air Wing conducted a search of the area and the yet to be formally identified man was located on the sea floor by the police helicopter just after 6pm.
Police will prepare a report for the coroner.
