It opened in 1875 and was an intermediate stop on (successively) the Ryde and Newport Railway, Isle of Wight Central Railway, Southern Railway and British Rail-being renamed Havenstreet in 1958. It closed on 21 February 1966 but re-opened as the headquarters of the
Isle of Wight Steam Railway in 1971. Developments since re-opening have included the construction of a locomotive works, carriage and wagon repair works, additional sidings and a café. Additionally, the former gasworks has been opened to the public as a shop and museum, the water tower formerly at Newport was re-erected at Havenstreet in 1971, and money is being raised for the construction of a carriage storage shed. In September 2025 it was one of seven railway-associated buildings which were grade II
listed in the week of the bicentenary of the
Stockton and Darlington Railway.
English Heritage recognises it for its architectural and historic interest. ==Stationmasters==