Shock-Gard Founder Matthew Bullock Buys Miami Home for $21.95 Million

If you build it, they will come.

A special mansion in Miami’s Bay Harbor Islands has been sold for a whopping $21.95 million, Gimme Shelter has learned – and it’s a sum that breaks a local record.

The buyers are Patrizia and Matthew Bullock, the latter of whom is the founder and CEO of Shock-Gard and Ty-Gard, restraint systems intended to protect goods during transport. Their purchase price exceeds the previous record, set last month, when Brazilian racing driver Claudio Dahruj paid $18 million for a house built in 2022.

The Bullocks’ new oceanfront home on West Broadview Drive has eight bedrooms and 9½ bathrooms on a third of an acre.

At 8,216 square feet, the residence — built last year — offers breathtaking views of Biscayne Bay, a chef’s kitchen with dining area, a secondary “prep” kitchen and a huge master bedroom with two closets and a louvered terrace.

There is also a home office, media lounge and elevator. Design details include travertine tiles, a white oak floating staircase and custom millwork.

Outside there is a pool, kitchen and 80 feet of bay views.

These days, Bay Harbor is considered a “bargain” compared to Miami’s Venetian Islands, where a similar waterfront home would sell for $35 million, according to brokers.

The Bullocks’ house was developed by Matthew Rosenblatt. It was designed by architect Stephanie Halfen of SDH Studio Architecture + Design.

“This is not a bachelor pad,” said a broker involved in the transaction. “She did a much better job than (the male architects). There is an open floor plan but still eight bedrooms.

The residence sits directly across Indian Creek and faces a home owned by billionaire Norman Braman, an art collector and former owner of the Philadelphia Eagles who owns one of Florida’s largest car dealerships, Braman Motorcars .

Known as the “Billionaire Bunker,” Indian Creek – a man-made barrier island – is a gated community providing fortress-like security for its residents, who include Tom Brady, Jeff Bezos, Jared Kushner, Ivanka Trump and Carl Icahn.

The listing broker for this residence was Dina Goldentayer of Douglas Elliman. The buyer’s brokers were Ivan Chorney and Mike Martirena of Compass.