The park opened in 1986, and since then has added numerous water and amusement attractions.

Over the years, Waterville has had to remove and replace attractions due to hurricane damage and the passing of time.

In September 2004, the eye of Hurricane Ivan passed directly over Gulf Shores and the surrounding areas.

Due to the park's close proximity to the coastline, Waterville was severely flooded by storm surges, and experienced damaging winds that severely damaged two of the water park's attractions.

Repairs went on during 2005 and 2006, and the park fully reopened in 2007 with replacement attractions.