Ref: IST103






Floor Space






sale type





property details

Ref IST103

Parking Garage

Distance to Sea 2 minute walk

Distance to Airport15 minute drive (SAW-Istanbul Sabiha Gocken)

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about the property
  • Nine bedrooms, six reception rooms, four bathrooms
  • Fully furnished with four high spec fitted kitchens
  • Private beach club 5 minutes walk from house with two pools
  • Two gardens, three balconies, one covered terrace



We are delighted to offer this beautifully renovated historical Ottoman timber mansion, which consists of four stunning apartments, that is located on the island of Heybeliada just off the mainland of Istanbul south of Kadikoy.

Heybeliada is the second largest in a group of four Islands known as "The Prince's Islands" found in the Marmara Sea off the coast of Istanbul.

Heybeli has all of the Amenities of Buyukada, the largest of the four islands, but far less tourist footfall in the summer months with the absence of motorized traffic on all the islands. It is like stepping back in time and is an amazing contrast to the hustle and bustle of Istanbul, which, with the fast boat is only 30 minutes from Bostanci and 50 minutes to Kabatas.

It is located on the Island's main street on the way to the prestigious Halki Palace Hotel, two doors away from the Island Museum (Once In"nu's house) and just a five-minute walk from the gorgeous Private Beach Club.

The building, which stands at over 60 ft tall is one of the most impressive buildings on the Island and on the street, which translates as "Street of the Mansions", this one is a show-stopper.

This amazing home was once a dormitory for the Monks living on the Island and attending the nearby Monastery, however today it is used as a boutique apartment holiday rental.

The apartments themselves are full of original detail and charm and consist of two or three bedrooms; they have been completely re-furbished and re-designed from top to bottom.

Each apartment boasts its own unique qualities and include grand ornate living rooms and bedrooms, private gardens, open and covered terraces and enjoy beautiful sea and mountain Views.

Although each apartment is independent from one another with its own gas central heating, water and electricity, the development was created with the notion of friends or family sharing the overall property, so this is why the residence is being sold complete one mansion.

The property stands on a plot of 320 square metres and the property boasts almost 500 square metres of internal living accommodation.

This beautiful old timber building was built in 1875 as 'Grand Bretagne Hotel. This building has two parts, the right half and the left half, each one looks symmetrical, but this restored side is in fact much larger.

When this hotel re-opened in 1898, the original hotel was sold to the English family the Splins and Kastriadises, later the ownership changed to mining industrialist, banker, amateur Aram, Hrant and Artin Karamanyan brothers.

After their deaths, their heir Ohanness's daughter Areknaz inherited and from then on and renamed it the 'Karamanyan Hotel' (20 Nov 1928). Afterwards the hotel was sold to Artin's son Arak (22 Oct 1931), then to Davit Mizrahi (28 Aug 1940). After his death, Victotya, Yuda and Luna Mizrahi inherited (20 Nov 1959).

Later, the house was sold to its previous owners (17 Sep 1968), who eventually split the ownership of the left side and right side of the house (3 May 1983), until the right side of the house was purchased by the current owners.

The present owners are British citizens. One is a filmmaker and the other a frequently publicized haute couture fashion designer. The building has been restored with enthusiasm and beautifully furnished by the owners, with great respect to its history.

The renovation was completed in August 2008, and is fully insured for building and contents. Kitchens and bathrooms are fitted with luxury units. Many of the furnishings have been hand picked by the owners in Europe and imported.

Currently operating as a small business, the apartments are let weekly for holiday rentals and over the past four years has steadily grown in turnover.

The season is April to October and on the present pricing structure and running at full capacity the turnover would be 95,480GBP. The apartments are also popular over Christmas and New Years Eve and we have even had bookings in November and March.

The property price includes all of the bespoke furniture, high speck kitchens and bathrooms each of which has been decorated and designed with local Turkish tiles. The sale also includes the website and rental sites with the history of bookings and business growth from the past 4 years – This is an invaluable foundation to build on for any buyers interested in carrying forth the lucrative rental business.

Because of the increased volume of their work the owners are moving to Los Angeles. This rarely found property is ready for enthusiastic and interested new owners.

This truly is a unique opportunity to own opulent residence and a part of history on an exclusive Island in Istanbul surrounded by the sea and natural beauty.

This mansion would be ideal to live in permanently, use as a family holiday or rent out as an investment property.

Contact us now for more details on our tailored inspection visits.

Contact us now to arrange a viewing of this property by calling Spot Blue on +44 (0)20 8339 6036 or by submitting your contact details and a member of the Spot Blue team will contact you shortly.

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