Katy Perry
wants to wipe all traces of Russell Brand from her life, and is willing to pay to do it.

No, the pop star didn't put a hit on her ex-husband (who dumped her via text message), but she is *taking* a hit -- in the form of a $430,000 reduction on the Hollywood Hills home they were supposed to live in together.

Katy listed the property for $6.925 million back in April, and just slashed the price to $6.495 million. The couple split before moving (with Katy getting the house in the divorce) and she's desperate to unload it. The 8,835 square-foot mansion, dubbed Park Hill, boasts 7 bedrooms and 11 baths. There's a two-story grand entry, a two-story living room, and two guests houses. The lagoon-style pool features a waterfall and lush landscape.

Katy's moved on in terms of men though. She was spotted holding hands with on-and-off beau John Mayer at last night's Don Rickles roast in New York City.

For more on the property, click on the "Launch Gallery" link above and check out the listing on Redfin.