riddles- revival

[LOVWYRM]

shaped like a sugarloaf
I`m standing in the blue
long forgotten
long not seen
3 palms, 3 bony guys and 2 chests-
my only guests
I remember when this world was YOUNG
when you all were YOUNG

close to a legendary place...

where/who am I??

[LOVWYRM]

it would be nice, if (only)vet-players answer or guess in riddle mod too.
So newer players have a chance to solve the riddle too.
Newer citizens of Istaria -
feel free to explore our wonderful homeland beside the pathes the questlines might lead you:-)

[flamestar]

Yay! The riddles are back!

... I should really explore Istaria more often...

[LOVWYRM]

Its not fireworks nor our wonderful nightsky
where - what is it?

[Tilithia]

Mage room at Memorial Island.

And the other is small island west of New Vassarak?

[LOVWYRM]

soo fast- both is right! Grats Thilithia-