The first renderings of the next Margaritaville destination resort – which will open in Orlando, Florida by the end of 2017 – have been released, shining a light on US singer Jimmy Buffett’s ambitious plans for the US$750m (€664m, £526m) leisure scheme.

Construction recently began on the 320-acre property, called Margaritaville Resort Orlando, which features interior designs from The McBride Company and is being developed by Encore Capital Management in Western Osceola County. The architects are Nichols Brosch Wurst Wolf & Associates.

The renderings provide an overview of the waterfront resort, which is set to feature a 175-room Margaritaville hotel, 1,000 Margaritaville-themed vacation homes, 300 timeshare units, a 12-acre waterpark, a wellness centre, wooded fitness trails and 200,000sq ft (18,600sq m) of retail space.

The second rendering shows the resort’s most unique addition; a three-acre swimmable freshwater lagoon, which will be surrounded by sand beaches and used for paddle-boarding, snorkelling and water sports.

As with previous Margaritaville-branded properties – such as a separate Florida destination which opened last year – the resort’s concept is inspired by the lyrics and laid back tropical lifestyle of Buffett.

Pat McBride, CEO of The McBride Company, said: “For over 15 years, we’ve partnered with Margaritaville to conceptualise and design restaurants, hotels and casinos that give guests the opportunity to escape from the pressures of everyday life.

“Margaritaville Resort Orlando will live up to its name and the design of the hotel will have a casual sophistication, while still delivering guests with the essence of escapism and elements of the fun-loving Margaritaville brand.”