Billionaire Larry Ellison is the mystery buyer of producer Joel Silver’s $38-million Malibu estate.

The tech maven’s new digs are anything but basic, and features 130 feet of Carbon Beach access. The nearly three-quarters of an acre of premium beach-front land make the Los Angeles-area property a rarity.

Ellison’s new home stretches to 5,859-square-feet and incorporates a number of entertaining-friendly spaces: a chef’s kitchen with hexagonal tile, an airy double-height living room, and a dining room with a fireplace top the list. A late-1970’s feel prevails, with dark wood, vaulted ceilings, and lots of brick.

There are five bedrooms and six baths throughout the main house, as well as a two-bedroom guest house. The master suite features a sitting room and glass doors opening to a private balcony. The lofted space set above the living room was, a the time of the sale, used as an office. It features a gallery-style balustrade overlooking the living room.

The expansive outdoor living space is mainly occupied by a large brick patio, pool, and spa. The estate is also the only waterfront property in the area with a tennis court.

Silver originally put the one-of-a-kind Malibu property on the market in 2016 for $57.5 million, so if Ellison did indeed scoop up the estate for $38 million, he got quite the deal. However, moves on the real estate market aren’t unusual for the former Oracle Corporation CEO; he is believed to own 11 other Carbon Beach properties.