Shipwreck Island Waterpark opened in the summer of 1983. The tropical theme waterpark is filled with attractions and food and beverage outlets to bring smiles to every member of your family. The twenty-acre park features lush landscaping, a professionally trained aquatics staff, and is one of the most hospitable attractions in all of North Florida. Shipwreck Island has been entertaining families for twenty-five years on Panama City Beach. Don’t settle for a sprinkle, come make a big splash at Shipwreck Island Waterpark.