Magic Springs Theme and Water Park is an amusement park and water park located in Hot Springs Arkansas about 50 miles from Little Rock. A single price admission includes all day use of the rides and attractions in both parks. The park is open weekends from April through October and daily late-May through mid August. Magic Springs Theme and Water Park was opened in 1977.Magic Springs Theme and Water Park is an amusement park and water park located in Hot Springs Arkansas about 50 miles from Little Rock. A single price admission includes all day use of the rides and attractions in both parks. The park is open weekends from April through October and daily late-May through mid August. Magic Springs Theme and Water Park was opened in 1977.