Set among tall palms in the guard-gated Sunset Islands, the property centers on an updated 1930s home with private canal frontage and a boat dock.
Round windows and an angular roofline lend a Deco vibe to the two-story home, which was completely renovated this year. Inside, contemporary interiors feature wide oak floors, vaulted ceilings, an updated kitchen and a media center.
Other living spaces include a step-down living room, a formal dining room and a master suite with a glass-enclosed shower. In all, there are four bedrooms and 4.5 bathrooms in 4,505 square feet.
Outdoors, a covered patio opens onto a long swimming pool. A water-facing terrace extends off the home’s upper level.
Stojakovic bought the home in 2012 for $3.675 million, records show.
Dina Goldentayer and Sladja Stantic with ONE Sotheby's International Realty hold the listing.
Stojakovic, 38, played 13 seasons for the Kings, Indiana Pacers and New Orleans Hornets, among others, making three all-star teams. He last played in the NBA in 2010 for the Dallas Mavericks, with whom he won a championship.