Greg Creed, retired CEO of Yum! Brands sold its bayfront home on Lido Isle in Newport Beach at the original asking price in late 2019.
The 3,254-square-foot contemporary-style mansion with views of the harbor and Lido closed on August 31, nine days after going on the market for $11.5 million.
Creed and wife Carolyn purchased the home in March 2013 for $3.975 million, according to real estate records.
The Australian-born businessman has spent over 40 years marketing and operating major restaurant and consumer goods brands, including leading the launch of Taco Bell’s “Think Outside the Bun” campaign and fast food chain Doritos Locos Taco. I came.
In 2015, Creeds rebuilt the waterfront home from studs with a new foundation and revetment.
Cladding limestone with ipe wood accents, the two-story home opens onto rooms that balance high-quality materials and finishes. Oak floors pierce the great room on the primary level with limestone fireplaces and built-ins.
The dining area opens onto the kitchen. It features a large central island with four seats and high-end appliances.
An upstairs fireplace warms the primary suite. There are two walk-in closets and an ensuite bathroom with two vanities, a steam shower and a deep soaking tub.
Bi-fold glass doors open the interior to the waterfront. A dedicated pier and slip where large boats and Duffy can ride.
Evan Corkett and Steve High of Villa Real Estate posted the property. Aaron and Mendi Khosh of Berkshire Hathaway HomeServices California Properties represented the buyer.
https://www.ocregister.com/2022/09/12/former-yum-brands-ceo-greg-creed-gets-11-5m-for-his-lido-isle-home/ Yuan Yum! Brand CEO Greg Creed Earns $11.5 Million For His Lido Home – Orange County Register