According to a deed recorded Aug. 13 in Accomack County, the Maui Jack’s Waterpark property on Maddox Circle was sold for $4.1 million by Island Waterpark LLC to Sun Maui Jack’s Waterpark LLC, a Southfield, Mich., limited liability company owned by Sun Communities Inc., a public developer and manager of manufactured housing communities and RV parks throughout North America.
The assessed value was given as $3.2 million, according to the court record.
Additionally, four parcels were sold for $11 million by Oceanside Resort LLC to Sun Chincoteague Island LLC, also owned by Sun Communities Inc., according to a deed recorded Aug. 13.
The former Maddox Family Campground was sold in 2016. After a $5 million renovation, it is now called the Chincoteague Island Kampgrounds of America (KOA).
The campground, on 200 acres near Assateague Channel, has more than 400 campsites, as well as cabins and other amenities.
The assessed value was given as $4.7 million in the court record.
An an official statement from seller Blue Water Development Corp., of Maryland, regarding the transactions stated: “This transaction is a deepening of the relationship between Blue Water Development and Sun Communities Inc.”
Blue Water will maintain management and operations at both the campground and Maui Jack’s waterpark, according to the statement, which went on to state, “… so our guests can expect the same first-class experience and service that they have come to love.”
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