Poker News

According to a report in the Los Angeles Times, poker professional Phil Ivey is selling his home in Las Vegas for a reported $1.995 million.

The story, written by the Times’ Lauren Beale on Monday, describes the Ivey home as it is listed on Realtor.com. It was built in 2001 and is a contemporary design home, meaning it has a premium placed on comfort and space with clean lines and few intricate details. The living area of the home measures out at 6,727 square feet and includes three bedrooms (the Realtor.com listing has it listed as four) and six bathrooms. The main feature of the home is its two-story great room, which features a bank of windows with panoramic views of the local golf course and surrounding mountains, and a massive fireplace.

The four bedrooms that make up the home are, in some cases, larger than living rooms for most people. The master bedroom has three unique features – a dressing room, a sitting room, and a walk in closet – which gives a potential buyer an idea of its size. The other three rooms vary in size – 14 feet x 17 feet, 16×15, and 15×15 – but are still quite spacious.

Of special note in the home are its amenities. It has a luxurious swimming pool with the same golf course view as the great room and a hot tub is located beside the pool. There is a four-car garage and a full alarm system. There are also two other fireplaces located in the home, with one in the master bedroom. The house is being presented by Roger L. Stein and is brokered by Las Vegas real estate company Direct Performance Real Estate.

Those who are looking to purchase Ivey’s house will open up their checkbooks. A quick mortgage calculator shows that, with a 30-year fixed rate loan and a 20% down payment on the house, the monthly mortgage would cost approximately $8,760. This would not take into account property taxes, upkeep of the grounds of the 16,000 square foot lot, or any homeowner association fees.

Why Ivey has listed his home on the Las Vegas real estate market is a matter of conjecture. More than likely, the home is being sold because of Ivey’s divorce from his wife. In December of last year, TMZ reported that Phil filed for divorce after seven years of marriage to Luciaetta. With no children in the seven-year marriage, it is normal divorce protocol for the assets of a divorcing couple to be divided equally between the two parties.

In the event that a particular asset cannot be mediated, the item is sold and the resulting profit divided between the two sides. It is more than likely that neither Ivey nor his ex-wife could come to an agreement over the house and, as such, it has now been entered into the Las Vegas real estate market, which is currently one of the toughest in the United States.

While the divorce was granted in December 2009, any financial settlements negotiated between Ivey and Luciaetta are likely to remain unknown. Since 2002 (the year the duo was wed) to the end of 2009 (when the divorce was granted), Ivey earned nearly $11.75 million in tournament winnings alone. This does not take into account any money won in high-stakes side games in such locations as Bobby’s Room at the Bellagio. An article in the November issue of ESPN The Magazine detailed Ivey’s odyssey over two continents engaging in craps and winning over $2 million.

3 Comments

  1. Chappel says:

    Phil Ivey is the man! What a life!

  2. RealZionKid says:

    Yeah a major divorce and equal splitting of the assets… Sounds like a great life… You must be a child…

  3. Anonymous says:

    yeah his life must be great now. he can be with more women and get more out of life.

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