I play on Pc, NA server. I was having this same exact issue on Friday, March 22, 2017. Only my issue wasn't just the 1 chest and 2 crocodiles, it was multiple chests In the same area. Greenshade/Sea Side Sanctuary and the surrounding area. I would see a chest, not very far away, and as I approached it would completely disappear, if I walked away it would return, reapproach and poof, gone. Tried to submit a bug report however, I must not have givin some needed info because, I was told they could not help me. Anyway, after approaching several, 3 or more, chest and have this same disappearing act happen, I just gave up! Please fix! Thank you for your time!

Thanks for the explanation. This helps clear up the mechanics of the bug. I think that phasing significant interactables like chests is kinda significant since it’s a waste of time for a player to draw to it only to have it vanish. The player experience is diminished and harmed, even tho this is a cause/effect of zoning or phasing. I’ve not seen this in other MMO’s I’ve played which phase environments based on quests; altho ESO has tons more interactables that are shared among players. I wonder if this is a better way of removing certain interactables from being present altogether for situations like this to prevent wasting a player’s time or harming the experience. Has ZOS opined on this at all? I can’t seem to find.

Yep. Now that I know what’s up I’m on my way to more adventuring! Will prolly laugh at the next phasing instance I see. Thankfully this game excels at a lot of things; I was just losing my mind with this haha. Cheers.