Skeleton Point Hike starts from the South Kaibab trailhead accessible along the South Rim trail. Alternately you can catch the park shuttle to the trailhead. The trail descends very quickly along a 3 mile stretch to the aforementioned point passing other markers viz Ooh-aah point (don’t think) and Cedar Ridge on the way.
The elevation loss up to Skeleton Point is around 2100 feet and although not steep, I rate it steep enough for you to have doubts about your shoes on arid dry soil.
It should take a little over 60 mins to descend and may be 120 mins to gain all that elevation on your way back. Remember to carry plenty of water on the trail as there are no sources of spring water and the canyon can get very dry and hot. It is a lot hotter at Skeleton Point and apparently there is a 7-10 F temperature difference for every 1000 feet you lose in elevation.
The trail continues further from Skeleton point all the way down to the Colorado River (~4200 feet overall loss from trail head). But knock knock, remember the temperature difference and plan to carry water and electrolytes accordingly.
The view from Skeleton Point makes you realize how grand the canyon truly is. Majestic is another word that comes to mind…