It’s a new year and a new price for Dwyane Wade and Gabrielle Union.

The retired basketball star and his actress wife are relisting their home in the Los Angeles area for $5,999,999, a $200,001 adjustment from the previous asking price.

Perched high on a ridge with sweeping mountain and city views, the Sherman Oaks property is unique for the area because of its scale and usable space, according to listing agent Anna Marie Simpliciano of Hilton & Hyland. Sitting on three-quarters of an acre, the estate includes a Mediterranean-inspired contemporary house of about 8,500 square feet, a spectacular infinity-edge swimming pool, an outdoor kitchen and a large grassy field.

“From the property’s seclusion and privacy to the breathtaking panoramic city and mountain views, this home was constructed to beautifully suit working-from-home lifestyles as well as entertaining on a grand scale,” Simpliciano said.

A long, gated driveway approaches the house, ending at a large motor court with space for about eight cars. Beyond wrought iron double doors, the 2017-built house opens to a large living room bookended by a set of French doors. An office/library ringed with arched windows sits off the entry.

A sweeping circular staircase and an elevator connect each of the home’s three levels, including a lower entertainment level with a movie theater, temperature-controlled wine room and a wet bar.

One floor up is a newly renovated chef’s kitchen, a formal dining and a family room that open directly to the pool area through pocketing doors.

Four of the five bedrooms lie on the upper level and include a top-level master suite with walk-in closets, an updated bathroom and a private patio. Eight bathrooms are spread across three floors.

Outside, overhanging eaves provide cover for patio space. Designed for indoor-outdoor living, the grounds feature space for al fresco dining, a pizza oven and a daybed swing for enjoying the views. 

Demand for flexible living space continues to drive the market in the area, particularly in the coveted “south of Ventura” pocket where Wade and Union’s home is located, according to Simpliciano. Over the last six months, the area has seen 16 public sales between $3 million and $7 million, up from six sales during the same time period last year, the luxury real estate specialist said. 

“It’s no secret your money goes further in the [San Fernando] Valley, an area with great options for new construction or move-in ready properties such as this,” Simpliciano said.

Wade, a three-time NBA champion and 13-time all-star, and Union, an actress known for her television and film roles, bought the property two years ago, records show. The A-list couple is also selling their waterfront mansion in Miami Beach, Fl., which recently went under contract.

Los Angeles-based property agent Althea Bowman shares the listing.

Hilton & Hyland is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.