Take a tour of 'Billionaires' Beach,' the exclusive Malibu neighborhood where Bill Simmons just bought a house

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.