Two NBA All-Stars who listed their houses last year have cut their prices -- Allen Iverson by 37% in the Philadelphia area, Rasheed Wallace by 6% in Portland, Ore.

Long & Foster Denver Nuggets guard Allen Iverson has cut the price of his 14,000-square-foot, six-bedroom home in Villanova, Pa., by 37% to $4 million. Iverson put the home on the market last year.

Mr. Iverson and his wife, Tawanna, put their house on the market after the Philadelphia 76ers traded him in 2006 to the Denver Nuggets. Built in 1991, the six-bedroom, 14,000-square-foot house is in Villanova, about 20 miles northwest of Philadelphia. The four-floor French-style house has arched Palladian windows, a movie theater and a guest suite, according to the listing. The four-acre property includes a poolhouse and a stream.

The 33-year-old guard paid $5 million for the house in 2003, records show, and listed it for $6.3 million; he's now asking $4 million. Chanel Overton of Long & Foster Cos., who has the listing, declined to comment, as did a representative for Mr. Iverson.

As for Mr. Wallace, the Detroit Pistons forward has lowered the price of his Portland home to $4.9 million from $5.2 million. He played for eight years with the Portland Trail Blazers before taking a six-year deal with the Pistons worth roughly $60 million.

Mr. Wallace, 33, bought the 1924 brick house, which sits on more than two acres, for about $3 million in 2000. The Tudor-style home has five bedrooms, five baths and a built-in saltwater fish tank. Mr. Wallace spent more than $1 million on improvements, says listing agent Tricia Epping, with Coldwell Banker, Barbara Sue Seal Properties. Mr. Wallace and his wife, Fatima, briefly listed the house in 2006 for $5.5 million before relisting it last year, Ms. Epping says.

Modine's NYC Condo

Actor Matthew Modine has purchased a condominium in New York's Chelsea section for $1.7 million.

Mr. Modine, 49, starred as Private Joker in Stanley Kubrick's 1987 film "Full Metal Jacket" and most recently has had a recurring role as a land developer on the cable-television series "Weeds." The 1,600-square-foot condo, in a converted industrial building with a brick façade, comes with 2.5 baths and a custom Italian kitchen. The doorman building includes a screening room and a gym.

The actor, who also owns a townhouse in Greenwich Village, recently founded Bicycle for a Day, a nonprofit that promotes cycling. Mark D. Friedman of Halstead Property represented Mr. Modine, while Stribling Marketing Associates represented the developer.

Hearst Estate Taken off Market

The owner who sought $165 million for the Hearst estate in Beverly Hills, Calif. -- at one time the most expensive U.S. home listing -- has taken it off the market. Financier Leonard Ross listed the 6.25-acre property last summer, but now wants to keep it.

Westside Estate Agency The Hearst estate in Beverly Hills, Calif. -- at one time most expensive U.S. home listing -- has been taken off the market by owner financier Leonard Ross, who had sought $165 million for it.

"He just changed his mind. He loves it and didn't like the idea of parting with it," says listing agent Stephen Shapiro, of Westside Estate Agency, who says he showed the property to seven or eight buyers. "We had people who liked it a lot, but nobody wanted to do anything with it," he adds.

The compound, where William Randolph Hearst and Marion Davies once lived, has 72,000 square feet of living space, three pools and two tennis courts. The Mediterranean-style main house, built in 1927, has a living room with 22-foot ceilings, a two-story, wood-paneled library and a series of cascading ponds descending to the swimming pool. The property also has three additional houses.

Write to Sara Lin at sara.lin@wsj.com

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