Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.

Why this matters: The distinction between fee-simple ownership and timeshare or hotel ownership is the entire investment thesis.

• Fee-simple ownership means you hold the deed. You can rent it on any platform, sell it on the open market, use it yourself, or leave it vacant. You build equity. You control the property.
• Timeshare means you own usage rights, typically points or weeks. You cannot list it on Airbnb. Resale values are notoriously poor (often pennies on the dollar). Annual maintenance fees apply regardless of usage.
• Condo-hotel sits in between. You may own the unit but are often locked into the hotel's rental program with limited flexibility.

Every Southeast resort community profiled earlier in this guide offers fee-simple ownership. That is intentional.

How Water Features Affect Your Bottom Line

The occupancy gap is the clearest signal. Resort communities with water parks in the Orlando corridor run 60-85% occupancy. The broader metro average sits at 43-53%. That gap, sustained across a full year, is worth $15,000-$40,000 in additional revenue on a typical 5BR home.

What I tell my clients: Water park access does not guarantee high returns. HOA fees at these communities range from $223 to $3,171 per month. Those amenities cost money to maintain. The question is not "does the community have a water park?" The question is "does the water park premium in nightly rates cover the premium in carrying costs?"

In most Orlando communities, yes. But you need to run the numbers for the specific community and property type.

For Sellers: How to Market Your Resort Home's Water Park Access

If you are selling in one of these communities, the water park amenities are your strongest marketing asset. Most sellers underuse them.

• Lead with amenity photography. Your listing photos should include the community water park, lazy river, and pool areas. Not just your home's private pool. I see listings in Reunion and ChampionsGate with 30 interior photos and zero photos of the 5-acre water park. That is leaving money on the table.
• Highlight guest review data. If you have operated as an STR, pull quotes from guest reviews that mention water park and resort amenities.
• Position against new construction. With Aquarama opening in 2027 and Reunion's expansion underway, buyers have more options. Your advantage: your home exists now. No construction delays. Close in 30-45 days, start earning immediately.
• Time your listing. Search volume for "resort with water park" peaks March through July. List in late winter or early spring to catch buyers planning ahead of summer booking season.

For more selling strategies, see the Investing in Orlando Vacation Rental Communities guide. If you own in Solterra and are considering a sale, I cover that community specifically in Selling a Home in Solterra Resort.

The Orlando STR Market in 2027

Kissimmee corridor (where most resort communities sit): 47-69% occupancy, $250-$263 ADR, $35,600-$52,000 average annual revenue. Disney proximity and resort amenities drive the premium over metro averages.

Insurance trends: Volatile. 2025 saw an 18% spike. 2026 brought relief: Citizens Property Insurance approved ~8.7% rate cut effective July 2026, four additional private carriers received ~7% average decreases in September 2026. Trend is improving, but condo master policy premiums jumped 103% between June 2022 and Q2 2024, which flows through to HOA fees.

Foreign buyer activity: Florida leads the U.S. at 21% of all overseas home purchases nationally. Foreign buyers purchased $56 billion in U.S. existing homes between April 2024 and March 2025, median purchase price $494,400.

For the complete market picture, see Where to Invest in Short-Term Rentals Near Orlando and the Orlando Resort Map.

Frequently Asked Questions

Can you buy a vacation home at a resort with a water park?

Yes. All eight Orlando-area communities in this guide offer fee-simple ownership with water park access. Turquoise Place and Dunes Village offer condo ownership. You receive a deed, sell on the open market, rent on any platform. Different from timeshare resorts like Orange Lake, where you buy points or usage intervals.

What is the difference between a timeshare and buying a resort home?

Fee-simple: you hold the deed. Rent it, live in it, sell it, or leave it empty. You build equity. Timeshare: you own the right to use a property (or points toward stays) for a set period each year. Resale values are typically a fraction of original purchase price, and maintenance fees apply regardless of usage.

Which Orlando resort community has the best water park?

Encore Resort has the largest dedicated water park (10 acres, $18 million, multiple named slides). ChampionsGate has the longest lazy river (1,023 feet). Solara has the only FlowRider surf simulator. Reunion's planned $1 billion expansion would surpass all of them when completed. "Best" depends on what you value: scale, specific features, or future potential.

What is the average rental income for an Orlando vacation home with water park access?

Varies widely by community and property size. Annual gross ranges from ~$31K (smaller Storey Lake units) to ~$110K+ (large ChampionsGate and Windsor Island homes). Most consistent data point: Encore Resort at ~$87K gross, $395 ADR. Net income after all fees typically runs 30-50% of gross.

Which Orlando resort communities allow short-term rentals?

All communities in this guide allow STR, with one caveat: at ChampionsGate, different sections have different HOA covenants and some do not allow nightly rentals. Always confirm the specific section's restrictions before purchasing. Every other community listed here permits short-term rentals community-wide.

How much are HOA fees at resort communities in Orlando?

Monthly HOA: ~$223 (some ChampionsGate sections) to $905+ (premium sections and condo-hotel units). Most single-family homes fall in the $450-$750 range. CDD assessments add $500-$2,500/year on the tax bill. Fees cover water parks, clubhouses, landscaping, security, and other resort amenities.

Is Reunion Resort or ChampionsGate better for investment?

ChampionsGate offers a lower entry point (~$435K median vs. ~$640K at Reunion) with strong STR performance ($48K-$95K/yr). Reunion commands higher nightly rates and more upscale positioning, but the layered fee structure compresses net yields to 2-4%. For a detailed comparison, see the ChampionsGate vs Reunion Resort guide.

What new resort communities are opening in 2027?

Aquarama Resort by PulteGroup is the major new entry: 288 acres, ~1,050 homes, planned water park amenities. Model homes expected late 2026 with grand opening early 2027. Reunion Resort's $1 billion expansion will also add significant new inventory and water features over multiple phases.

Every "top resorts with water parks" article online is written for travelers booking hotel nights. Not one tells you whether you can actually buy a home there, what it costs to own, or how water park amenities affect your rental income.

I manage over 100 vacation rental properties across 40+ resort communities in Orlando. I own 10+ of my own. The data below comes from real closings, actual owner statements, and booking patterns I see across multiple platforms. Not travel reviews.

Below: 12 resort communities across the Southeast where you can buy a vacation home near a water park, plus 4 popular resorts where you cannot buy and why that distinction matters. Every community gets pricing, HOA fees, water feature details, and STR performance data where available. If you are researching resort homes for sale with water park access, this is the most complete comparison available.

At a Glance: 12 Resort Communities With Water Parks You Can Buy Into

Why Water Parks Matter for Vacation Home Investors

A study by WhiteWater and Hotel & Leisure Advisors found that 100% of hotels that added a water park after opening saw an increase in average daily rates. 66% reported ADR increases of 11% or more. A 2024 update using STR data showed RevPAR 111.3% higher than the overall U.S. hotel average for properties with water park equipment.

Caveat: WhiteWater sells water park equipment, and the sample was 26 properties. No independent study isolating the water park premium on residential vacation home values exists. But the directional data is strong, and it matches what I see in my own portfolio.

Families searching for vacation rentals do not type "3-bedroom home in Davenport." They search for amenities. Lazy rivers, water slides, splash pads. When your Southeast resort listing says "water park included," you are competing in a different tier.

Orlando and Central Florida Resort Communities

Eight communities in Central Florida offer fee-simple ownership with on-site water features. I work across all of them.

Encore Resort at Reunion

The 14% price decline creates a potential entry point for buyers, but be aware that the combined annual carrying cost (HOA, CDD, taxes, insurance) runs $25,000-$30,000 before mortgage, utilities, or management fees. At $87K gross revenue, you need to underwrite carefully.

Reunion Resort & Golf Club

For the full breakdown, see the Reunion Resort Market Report 2026. If you are weighing Reunion against ChampionsGate, I break down the comparison in ChampionsGate vs Reunion Resort.

ChampionsGate

Storey Lake Resort

Margaritaville Resort Orlando

Solara Resort

Windsor Island Resort

Aquarama Resort (Opening 2027)

Southeast Resort Communities Beyond Florida

Florida dominates Southeast resort ownership, but three other markets offer purchasable options with water features.

Turquoise Place (Orange Beach, Alabama)

Dunes Village Resort (Myrtle Beach, South Carolina)

Margaritaville Vacation Residences (Myrtle Beach, South Carolina)

Smoky Mountains (Sevierville, Tennessee Area)

Resorts You Cannot Buy Into (Important Distinctions)

These four names come up in every "best resorts with water parks" search. All great vacation destinations. None sell individual homes.