UPDATED: April 25, 2016 2:13 PM — Rick Weddle, former president and CEO of the Orlando Economic Development Commission, sold his Winter Park home on Thursday with wife Ginger for $850,000, the buyer being a local leader in Florida transportation.
Located in the 1100 block of N. Pennsylvania Avenue near Winter Park's First Baptist Church, the 0.19-acre parcel features a single-story home with two bedrooms, two baths and 2,846 gross square feet, built in 1994.
Rick and Ginger Weddle previously paid $550,000 for the home in August 2011, according to county property appraiser records, after Weddle joined the Orlando EDC earlier that year in February.
Rick Weddle left Orlando's EDC last month for Virginia to become president and CEO of the Hampton Roads Economic Development Alliance.
The buyers were Robert and Elizabeth Hartnett. Bob Hartnett is the president and CEO of Transportation and Expressway Authority Membership of Florida (TEAMFL), which he co-founded in 1997.
Hartnett contacted Weddle directly after learning in March of his relocation plans. The two families agreed to a deal sketched out on a yellow legal pad, and with a handshake to close, Hartnett said.
TEAMFL was formed to facilitate communication among toll agencies and the transportation industry, with membership made up of executive staff of statewide expressway and transit authorities, the Florida Department of Transportation and private sector transportation partners.
Editor's Note: This article was updated to remove the names of a listing and selling broker for the transaction; no brokers were involved in the sale.