With his new deal at HBO and the freshly launched "Bill Simmons Podcast Network," Bill Simmons has reportedly upgraded his living arrangements, purchasing a $7.5 million house along Malibu's exclusive Carbon Beach, also known as "Billionaires' Beach."
Mark David of Variety dug up the details on the new purchase using county tax records and other sources.
The house is a "humbly sized ... not-quite 1,500-square-foot, two-story cedar-shingled residence," with three bedrooms and three baths. According to David, Simmons and his wife also own a 4,200-square-foot home in LA’s historic Hancock Park, which they bought for $3.1 million in 2007.
While Simmons may not be a billionaire, many of his new neighbors are, making it one of the most exclusive enclaves in the country. It also shows that Simmons' budding media empire is already taking off.
Below we'll take a closer look at what makes Carbon Beach so exclusive and at some of Simmons' new neighbors, some of whom have sports ties.
Madeline Stone, Julie Zeveloff, and Meredith Galante contributed to this story.
The nearly 1.5-mile-long Carbon Beach sits between the Pacific Coast Highway and the ocean, and includes about 70 residences, just north of Santa Monica.
Read more: Malibu's exclusive 'Billionaire's Beach' is now open to the public after a decade-long legal fight
The area is better known as "Billionaires' Beach" as many of the homes are owned by some of the biggest names in entertainment and tech, as well as lawyers and financiers.
The area has made headlines in recent years as residents fought to limit access to the public beach. However, after a decade-long legal battle, more access pathways will be built.
The beach is also home to the Malibu Beach Inn, a boutique hotel.
One of Bill Simmons' new neighbors is music industry mogul David Geffen. However, it might not last long as he is reportedly ready to sell his $100 million home after being one of the leaders in the fight against public access.
Simmons can talk NFL and boxing with CBS President and CEO Les Moonves, who bought this house from Seattle Seahawks owner Paul Allen in 2014 for $28 million.
Source: Page Six
Obviously, not everybody who lives on "Billionaires' Beach" is a billionaire, but some are, including building tycoon and art collector Eli Broad, who had this summer home built in 2001. According to Forbes, he is worth $7.4 billion.
Oracle cofounder Larry Ellison is a big fan of Carbon Beach. He reportedly owns 10 of the approximately 70 properties.
Source: Curbed LA
Ellison's most lavish residence may be this property he bought for $37 million in 2012. It includes a home, a guesthouse, and barrel-ceiling screening room.
Another house owned by Ellison is this 2,800-square-foot cottage that you could rent for $65,000 a month this past summer.
Ellison also bought the Malibu Racquet Club. Victoria Azarenka and Serena Williams have been seen there.
Source: Curbed LA
Even Jamie McCourt, the ex-wife of former Dodgers owner Frank McCourt, reportedly owns a Carbon Beach home that the couple purchased for $27.2 million when they were still together.
Source: Variety