"Blend of Iva and Lee"
The name Ivalee is commonly a female name from the "American" origin.
Ivalee is a compound of the feminine given name Iva and the English name element Lee. Both parts were in use as given names in the United States well before Ivalee first appears in birth records in 1908, and the joined form follows the two-element pattern seen in other American girls' names of that period. The combined name carries no separate meaning beyond the two elements.
The pronunciation of Ivalee is EYE-vuh-lee.