Preheat the oven to 175°C (350°F)

Crack the eggs into a bowl and mix with the condensed milk and coconut milk, set aside

Heat up a frying pan to medium heat, pour the sugar in it and then the lime juice and water

Move the pan around until the sugar is totally melted and a deep golden color

Pour the caramel into a glass mold and cover all its surface

Once the sugar settles and dries in the mold you can add the milk and egg mixture

Set up a water bath by placing the mold inside another mold that will cover up to 3/4 of the sides of the inner mold

Leave it in the oven for 45 minutes

Verify that it is done by sliding a knife in between the flan and the mold. If it slides out clean then it is done!

Once the mold has cooled, separate the flan from the sides of the mold with a knife

Let it cool in the freezer

Flip the cold flan onto a serving plate and decorate with coconut flakes