The Sea Beast is a boss that spawns in Second Sea. One of the requirement to reach Third Sea is to kill 5 Sea Beasts.
It can drop the Beast Hammer (weapon), the shell necklace (accessory) and a Race Essence (like Skypian, Fishman, Human , Mink and cyborg).
Sea Beasts have 100% to spawn every 20 minutes server time (for example 01:20->01:40->02:00 and so on...) in 2nd sea ( the only place to hunt is in between Enies Lobby and Zou island.)
Sea Beasts have 100 million hp. Use fruits with decent aoe and damage for the best experience.