Okvath Family Raffle Attempt – House Listed at .8 Million

In a desperate attempt to save their Gilbert, Arizona mansion, the Okvath family tried everything, including an internet raffle with the house as the grand prize. That’s what makes their story both heartbreaking and endearing to us as followers of the show.

The Spanish-style mansion was originally listed at $1.8 million, then dropped to $1.3 million, and finally to $599,000. With no offers and an 18-month housing supply in the area, the family faced foreclosure.

The Final Numbers

Monthly electricity: $1,200. Water: $400. Property taxes: $5,600 per year (up from $1,625 pre-makeover). Mortgage payment: $3,056.

The family ultimately sold for $540,000, walking away with approximately $8,000 after paying all debts. As someone who has tracked dozens of these families, the Okvath case perfectly illustrates how even a beautiful home can become a financial trap.

Financial details verified: January 2026

Mike Reynolds

Mike Reynolds

Author & Expert

Mike Reynolds has been covering reality TV since 2008, starting as a forum moderator for Kitchen Nightmares fan communities. He spent six years working in the restaurant industry before pivoting to entertainment journalism. When he is not tracking down closure updates, he is probably rewatching old Bar Rescue episodes for the third time.

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