The Five Islands Lighthouse Preservation Society was formed in 1996. Colchester County purchased the lighthouse and it was moved onto the property of Sand Point Campground. The Society leased the lighthouse from the County and the land from Sand Point Campground for a nominal sum yearly.

On November 6, 2008, the lighthouse was moved on the back of a flatbed trailer from the campground to a new site on Broderick Lane, about 7 kilometres away. From, the new site you get a wonderful panoramic view of the Five Islands after which the lighthouse is named. The lighthouse is part of the Fundy Shore Ecotour.

On April 28, 2010, at the AGM of NSLPS, the society was awarded the  Craig Harding Lighthouse Preservation Award which is presented annually to recognize an organization or individual that has done outstanding work in saving lighthouses.