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Presumably the iguana is trying to hide, but the water is so clear it's easily possible to see it. Also, it's heavier than water, and seems to be able to run around on the bottom of the pool.
The water may look shallow, but it is a 3ft (1m) lizard at a depth of about 4ft (1.3m) at the point seen there.
More of the iguana story can be seen here: Tale of the Lizard