Steve Frankel

Ryan Reynolds is lowering the price on his ranch-style home above the Sunset Strip.

The house is on the market for a little less than $1.6 million. It was previously listed at more than $1.7 million.

Why is Ryan in such a rush to get rid of the home? Turns out he has a view of ex Scarlett Johansson's house from his terrace.

There's nothing like a constant reminder of love lost to ruin your day! The two split in December 2010 after almost two years of marriage.

See all the pics of Ryan's Spanish-style pad -- which features vaulted ceilings, a wine fridge, and solar heating -- below.