Nicole A. Avant and Theodore A. Sarandos bought a five-bedroom, six-bath home at 708 N. Rexford Drive in Beverly Hills from Max Azria for $5.41 million on Dec. 7.

The 6,138-square-foot house was built in 1923 in Central Beverly Hills.

Ms. Avant is a music executive, political activist and philanthropist. She is the U.S. Ambassador to The Bahamas. She previously served as the Southern California finance co-chairwoman of the Barack Obama presidential campaign. Prior to her political career, she was the vice president at Interior Music Publishing for more than a decade.

Mr. Sarandos is the chief content officer at Netflix Prior to joining Netflix, Mr. Sarandos was a vice president of product and merchandising at Video City.

According to BlockShopper.com, there have been 224 home sales in Beverly Hills during the past 12 months, with a median sale price of $1.557 million.

Address: 708 North Rexford Drive
Buyer(s): Nicole A Avant and Theodore A Sarandos
Seller(s): Max Azria (Trustee) and Azria The (Family Trust)
Sale date: Dec. 7, 2010