Actor David Spade sells oceanfront house in Malibu

After several outings beachcombing for buyers, actor David Spade has said "buh-bye" to his oceanfront house in Malibu.

The buyers are Netflix content chief Ted Sarandos and his wife, Nicole Avant, former U.S. ambassador to the Bahamas, according to public records. The sales price was not disclosed.

Built in 1996, the light and airy two-story house features four fireplaces and surf-facing balconies and decks. The four-bedroom, 3.5-bathroom home of 3,763 square feet sits on a quarter-acre lot with a pool.

Spade, 49, starred as single friend Russell on the romantic comedy "Rules of Engagement" (2007-13) and is in the recently released film "Grown Ups 2." Among his memorable skits from his 1990s "Saturday Night Live" days, Spade played a flight attendant who utters "buh-bye" as passengers deplane.

The comic actor, known for his caustic one-liners and sarcasm, bought the Malibu property in 2005 for $9.3 million. Perhaps to avoid the prying eyes of the public, the Multiple Listing Service photos of the house were taken down and replaced with a shot of sea gulls on a rock.

Spade listed the house two years later for $16 million and subsequently put it up for lease. The La Costa Beach home had most recently been listed at $11.6 million.

The sale closed outside the Multiple Listing Service.

Publisher's estate changes hands

The Beverly Hills estate of publishing magnate Robert Petersen has sold for $11,800,500.

The traditional-style Paul Revere Williams-designed house, built in 1933 and redone in 1988, sits behind iron gates on 1.23 acres. A foyer with a spiral staircase and a two-story window, a den/office, a wine room, a glass-enclosed porch, a gym, an office, seven bedrooms, seven bathrooms and 7,735 square feet of living space are among the home's features.

The grounds include an enclosed cabana/outdoor dining room, a swimming pool with a spa and a pool house.

Petersen, who died in 2007 at 80, went from Hollywood publicist to making a fortune publishing Hot Rod and Motor Trend, among other magazines. He helped establish L.A.'s Petersen Automotive Museum in 1994 with his wife, Margie, who died last year at 76.

California Atty. Gen. Kamala D. Harris recently launched an inquiry into the sale of some of the museum's vehicles.

Jade Mills and Christopher Livingston of Coldwell Banker's Beverly Hills South office handled both sides of the transaction.

Basketball analyst is on the move

NBA analyst Kenny "the Jet" Smith and his wife, model-actress Gwendolyn Osborne, have put their stamp on a gated home in Encino and placed it on the market at $2.795 million.

The more than half-acre estate, built in 1963, includes a main house, a guesthouse and a swimming pool. Among features are vaulted ceilings, skylights, a sun room, an office and a home theater. There are six bedrooms, eight bathrooms and 6,106 square feet of living space.

Smith, 48, is a retired basketball player and an analyst on "Inside the NBA." The point guard played for the Sacramento Kings and Houston Rockets for the bulk of his pro career. Osborne, a model on the game show "The Price Is Right" (2005-12), flexed her acting skills on the TV series "Ocean Ave." (2002-03).

The couple, who paid $1.85 million for the house two years ago and remodeled it, are looking for another house in the area.

Craig Knizek and Kofi Nartey of the Agency in Beverly Hills are the listing agents.