One of College Park's most iconic homes is under new ownership for the first time in nearly 50 years.
Located on the 800 block of Lake Adair Boulevard, the stately 1922 mansion on Lake Adair was home to one of Orlando's most successful industrialists. The late Frank "Bud" Etheridge started Miller Bearings in 1947. When it was acquired last year by Motion Industries Inc., the privately held company had $38.7 million in annual revenue.
Bud and his wife, Scottie, bought the house in 1968 and were known for their lavish parties, according to listing agent Cathy McFadden, of Michael O'Shaughnessy Inc. Real Estate Brokers, who sold the house this week for $1.09 million. The realtor who specializes in million-dollar listings has a special connection to the house -- she lives next door.
"There were plenty of people in College Park who had been to events at the house," McFadden said. "Scottie was a member of the lunch bunch and the garden club, and she played bridge."
Designed by architect Percy Pamorrow Turner, the Italian Renaissance house and carriage house were a mainstay on historic home tours. It was originally built for Horace and Vivian McCardell for $26,000.
"When Scottie and Bud redid the house in 1992, they added an 'E' to the fireplace," McFadden said. "It's been known as the Etheridge House ever since."
Some of the signature features include the creeping fig that covers the front of the house, and sleeping porches on all four corners.
"It certainly is an iconic house," she said. "It's in the Orlando history books. I left my (historic homes book) with the new owners."
The new owners are Michael Braun and his wife, Min Young Kang, who is a car designer for General Motors. "He's German and she's Korean," McFadden said. "They're a young couple, and she has a design background. They're interested in updating the house and making it even better than it is -- giving it a new life."