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Jessica's Nashville Move?

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March 27 2008, Published 7:11 a.m. ET

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According to a report in the Nashville Post, the high-end real estate market in Music City, USA, is booming thanks to rumors that blonde bombshell Jessica Simpson recently purchased a home for $3.47 million in the Northumberland gated community in Forest Hills.

In recent months, the former Mrs. Nick Lachey has become a fixture in Nashville as she . And the whispers going around the city say that she's the still-anonymous celebrity who bought the deluxe mansion, which sprawls out over 11,000 square feet and contains seven bedrooms, eight bathrooms and two half-baths, all inside a gated subdivision featuring a pool and tennis courts.

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If it is the Employee of the Month star who's behind the purchase, she will soon be able to call country superstar LeAnn Rimes neighbor as the 25-year-old singer lives down the street.

"Jessica will love her new neighborhood," one source tells OK!. "There's the Greenhouse and Corner Pub, as well as high-end, celebrity-friendly salon Trumps and shopping destinations Louis Vuitton, BCBG, Tiffany &Co. and chic shoe boutique The Perfect Pair."

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However, the folks in Forest Hills shouldn't necessarily be getting their hopes up for a Simpson sighting anytime soon. A rep for the singer tells OK! that the singer/actress "absolutely did not buy a house in Nashville."

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