Woody Island is an island and former settlement in Placentia Bay, Newfoundland and Labrador.

Woody Island had a population of 261 persons in 1921. The community was largely resettled by a provincial government program in the 1960s, but a small population remained into the early 1990s. Many of the original buildings and houses are currently still on the island, including a stone house.

The primary economic activity on Woody Island is the fishery. Fishermen harvest cod, crab, lobster, and scallops. Other summer residents are employed is a tourism business, Woody Island Resort. This business employees about 20 people on a seasonal basis, including musicians, cooks and general staff for the resort. The original old shop has now been turned into a small museum featuring many items owned by previous inhabitants of Woody Island.

• Resettlement (Newfoundland)
• Merasheen Island
• Merasheen

• Maritime History Archive
• Woody Island Resort

47°46′44″N 54°11′49″W / 47.779°N 54.197°W / 47.779; -54.197