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The Gold Coast Railroad Museum was founded in 1956. The museum was built on the former Naval Air Station Richmond (NASR). With over three miles of tracks, the old base was an ideal place to build a railroad museum.

The Gold Coast Railroad Museum is one of three Official State Railroad Museums in Florida. It became a Florida state railroad museum in 1984 when it received statutory recognition by the Florida Legislature as meeting the four statutory criteria that: its purpose is to preserve railroad history, it is devoted primarily to the history of railroading, it is open to the public, and it operates as a non-profit organization.

The Gold Coast Railroad Museum promotes historical trains and railroads. It houses over 30 historic trains including classic railroad cars like the Western Pacific "Silver Crescent” and engines like the Florida East Coast "113.” The Museum strives to teach railroad history with the use of artifacts, movies, and railroading materials. The Museum includes a number of displays that are interactive. The Museum's train rides allow guests to board vintage trains and get a taste of the past.