It opened on April 21, 1984, and is operated by the Lee County Department of Parks and Recreation.

The park was named after its main feature: 158 acres of man-made freshwater lakes.

The park includes about 2.5 miles of walking and biking trails running along the lakes.

Besides the railway and the museum itself, the Train Village area also includes a children's playground and a full size historic locomotive and caboose on display.

[4] A portion of these tracks were later used by the Atlantic Coast Line Railroad to service the rock mine that created the lakes in the park.