Yum! Brands CEO buys waterfront Gulf Stream home

Pat Moran of JM Family Enterprises sold the property

Miami /
Jun.June 02, 2021 05:30 PM
David Gibbs and 550 Middle Road, Gulf Stream (Google Maps)

David Gibbs and 550 Middle Road, Gulf Stream (Google Maps)

The CEO of Yum! Brands, owner of KFC, Pizza Hut and Taco Bell, has a new kitchen to dine in.

David Gibbs paid $8.5 million for a waterfront home in Gulf Stream, property records show. A trust in Patricia Moran’s name sold the 6,401-square-foot house at 550 Middle Road. Moran is the former chair and CEO of JM Family Enterprises, a Deerfield Beach-based auto company that was founded by her father, Jim Moran.

Gibbs purchased the property with his wife, Sharon. He became CEO of Louisville-based Yum! in January of last year, according to its website. Gibbs has been with the company since 1989, and was previously director of the board. Yum! split off from PepsiCo in 1997. It has more than 50,000 restaurants in 150 countries, including franchises.

Pat Moran purchased the five-bedroom, seven-and-a-half-bathroom Gulf Stream home in 2016 for $6.7 million, records show. It was built in 2001 on a 9,001-square-foot lot with 330 feet of deepwater frontage and a 150-foot dock.

The house features a paneled library, three-bay garage and balconies with views of the Intracoastal, according to the listing.

Earlier this year, a trust paid $11 million for an oceanfront home in Gulf Stream. Other recent deals include an heir to McGraw Hill’s $8 million sale and the Flex Seal founder’s $20 million purchase, both of waterfront homes in the high-end town.






    Related Articles

    arrow_forward_ios
    Daisy Chaplin and Charles Prince with the property at 6000 North Bay Road (Getty, Google Maps)
    Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
    Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
    John Ruiz sells waterfront Coral Gables mansion for $14M
    John Ruiz sells waterfront Coral Gables mansion for $14M
    John Ruiz sells waterfront Coral Gables mansion for $14M
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    I’ll take it: David Martin sells waterfront Miami Beach home to his listing agent
    Developer Jeff Greene and Dalfen Industrial CEO Murray Dalfen with the complex at 1501 Meathe Drive (Dalfen, CBRE)
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    South Florida residential sales rose in August, but single-family closings fell across the tri-county region. (iStock)
    South Florida single-family home sales decline in August as inventory shrinks
    South Florida single-family home sales decline in August as inventory shrinks
    Jason Capello and 1404 North Lake Way
    Hedge funder shells out $31M for waterfront Palm Beach spec mansion
    Hedge funder shells out $31M for waterfront Palm Beach spec mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Happiness begins in Miami: Joe Jonas, Sophie Turner buy Bay Point mansion
    Scottie Pippen and the Fort Lauderdale house (Getty, Compass)
    Slam dunk: Scottie Pippen sells waterfront Fort Lauderdale mansion for nearly $11M
    Slam dunk: Scottie Pippen sells waterfront Fort Lauderdale mansion for nearly $11M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...