That is the giant Costco play fort made from cedar that the kids used to play on. It's a little broken and has been condemned by the authorities (I'm the authorities). If you look closely, you'll see some mesh and some red foam. That's a trampoline.
It's the new trampoline we bought at the end of May. (This picture is taken from the neighbor's backyard)
The trampoline used to sit to the right of the play fort (in our yard). It was a nice trampoline. The kids really liked it.
In case your wondering... only one of the 4x4 fence posts broke, so the fence is still in ok condition.