Update: This version of the story includes the name of the buyer's agent.
The one-story house has 12-foot ceilings, speakers in every room, a high-definition drop-down projector and screen, and fireplaces in the living room, master bedroom and on the patio. There are four bedrooms and 3 1/2 bathrooms. Outdoor dining and living rooms, a swimming pool, a cabana and parking for six cars complete the third of an acre of grounds. The property came on the market in late February.
Designed for entertaining, the house was likely not a fit for new father Watson. He married actress Jennifer Freeman last fall, and they have a baby daughter.
Watson, 30, played at UCLA and was with the Memphis Grizzlies, the Denver Nuggets, the Seattle SuperSonics and the Oklahoma City Thunder before joining the Pacers last July. He bought the house in 2007 for $3,995,000.
Freeman, 24, co-starred on the sitcom "My Wife and Kids" (2001-05).
Max Shapiro of Westside Estate Agency, Beverly Hills, had the listing, according to the MLS. Maria C. Gomez, Coldwell Banker Hancock Park North, represented the buyer.