Helmuth L. "Buddy" Eidel, who founded Tri-City Electrical Contractors nearly 50 years ago in Altamonte Springs, paid $1.75 million last week for a luxury condominium unit in Winter Park.
The 4,090-square-foot unit is in The Residences at Winter Park on S. Interlachen Avenue, a few blocks from Park Avenue. The three-bedroom, five-bath condo features a gourmet kitchen, master suite with walk-out balcony and spa bath. The building's amenities include 24-hour concierge service, secure underground parking and a roof-top pool.
Eidel, who is now retired, said his wife Paula loved the condo's views of Lake Virginia, Knowles Chapel and the neighborhood's tree-lined brick streets.
"That's what appealed to us, particularly to my wife," he told GrowthSpotter. "This particular condo has windows on three sides."
Eidel said his parents moved to the area in 1948, and he grew up in Fern Park. After he got married, the Eidels moved to Altamonte Springs where he founded Tri-City Electrical Contractors, which has provided wiring to many of Orlando's most prominent buildings, including the Orange County Courthouse, the Orange County Convention Center, UCF football stadium and the Amway Center.
He sold the company in 1998 and moved to Winter Park about the same time. Eidel said he still sits on the board of the company.
The seller was William C. Bray of Covington, Kentucky. Bray and his wife Chris founded Bray Marine in July 1997.
The company, which serviced utilities and other river industries, grew from a few boats and contracts to eight boats and other equipment including deck flats, loaders and excavators, according to the family's website.