Subdividable sites around Crane St and Paterson St are being sold quickly and houses in the area being done up.
I can see why it would be a lucrative investment opportunity.
Any new houses there are bound to be snapped up quickly.
It's close to the beach, handy to Bayfair and only a short drive from Tauranga's central business district and Mount Maunganui.
More houses are desperately needed in Tauranga, with the demand for houses constantly outstripping the supply of properties for sale.
In that respect, the sale of the holiday park is good for the city.
At the same time, I can't help feeling a bit sad that the holiday park may no longer be.
Some of my most fond memories are of camping with my family during summer.
It's a Kiwi tradition, but camping grounds are becoming few and far between in many places.
Owner of the Cosy Corner Holiday Park on Oceanbeach Rd Greg Davidson said it was becoming harder to make a living from holiday parks - especially in winter.
"The land's just too valuable unfortunately. Unless you've got a big camp, they're not really that viable," he said.
I fear that is the case with many popular hotspots. Camping grounds in parts of the Coromandel have been slowly disappearing, too.
We need to make sure there are still spots for families to camp.
Every Kiwi kid should go camping at least once in their life. With the prevalence of technology these days I think it is especially important for parents to make sure their kids get away and enjoy the outdoors.