It really does to pay to be in business with the Mouse.
Rudy Arribas, president of a glass blowing company with locations in Walt Disney Co.'s theme parks around the world, just paid $1.1 million for a luxury home redevelopment opportunity in Winter Park's Temple Grove neighborhood.
According to a deed filed Thursday in Orange County, Arribas and his wife Kelly bought a .64-acre vacant lot at 1019 Temple Grv., just north of Lake Osceola.
The seller, AGRC LLC, led by Adilson F. Da Silva, paid $888,000 for the property back in April, meaning the value of the property increased about 24 percent in a little less than 10 months.
A 5,037-square-foot home, built in 1980, was razed sometime last year. In December, Da Silva put the lot to market for $1.59 million with listing agent Marcio Tannus of La Rosa Realty.
Tannus said he did not represent the seller in the most recent deal, but confirmed the property was vacant and previously held a four-bedroom, five-bathroom home. He declined to comment further.
Arribas did not return a call asking to comment on plans for the site. Though, presumably, it will feature some of the glassblowing work, which his kin mastered back in La Coruña, Spain, before being discovered by Walt Disney himself in 1964.
Today his Arribas Brothers Company has nine different locations at Disney parks across the globe.
Other notable buyers in the area include Jeff Weltman, who was hired to lead operations for the NBA Orlando Magic team in 2017.
Commercial and residential developer Marc Hagle, who heads the Maitland-based Tricor International Corp., also invested in a redevelopment opportunity nearby. In 2017, Hagle and his wife Sharon bought nearly 2 acres of lakefront land in the 900 block of Palmer Avenue for $3.65 million.