On occasion, history and Istanbul real estate intersect and that is when the work truly becomes interesting.
A few weeks ago, I took a speedy ferry which brought me out to Heybeliada, one of the chain of Prince’s Islands just beyond the entrance to the Bosphorous. Immediately upon disembarking, you shift into low gear after the whizz of Istanbul life. No cars, just horse and buggy transport and a tranquil early twentieth century feel. The Islands seem made for leisure and are a perfect anti-dote to the break neck pace the Istanbulu knows so well.
The low density of property, the abundance of green and the car-free streets allow you to amble up the gentle hills past grand Istanbul mansions hearkening back to former glory. Many have now been carefully restored and the Island is again very much coming into vogue, with wealthy families such as Koc and Sabanci, having luxurious abodes.
This valuable Istanbul land (asking price is 4.5 million USD) that we have just added to our portfolio used to house an ornate mansion in the “Egyptian Revival”style belonging to the last Pasa, Abbas Halim. It was an architectural gem of the famous architect Hovsep Aznavur of Armenian descent and also mastermind of Misir Apartmani, a landmark property in Istanbul on Istiklal Street. Abbas Pasa was known to be close friends with many of the famous poets, artists and architects of the time.
The original structure was carried piece by piece back to Egypt and now there are just a few stone’s remains.
The unparalleled beauty of the land, as well as its proximity to the sea, make it a great choice for a hotel or a completely unique palatial residence for the enterprising individual.
As the permits have all been approved, construction could proceed quite quickly.
The price is believed to be negotiable and, based on research, it represents a golden opportunity to aquire a piece of historic and superb real estate in Istanbul.