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Historic Seafront cottage with Bosphorus views in Istanbul

$4,703,000
  • Total area
    576 m²
  • Land area
    328 m²
  • Bedrooms
    5
  • Bathrooms
    5
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Features
  • Total rooms: 11
  • 5-floor building
  • Sea at 100 m
  • Sea view
  • River view

This historic seafront villa in Istanbul for sale represents a rare opportunity to acquire a “yali mansion” in the Beyzoz district, exempt from purchase tax.

In one of the city’s most sought-after locations, the extensive and recently renovated home offers fabulous Bosphorus views. It also falls within the required criteria which allows the buyer to apply for Turkish citzenship, both for themselves and their family.

About Beykoz

Beykoz is on the Asian side of Istanbul, neighbouring Uskudar and Kadikoy, attracting affluent buyers seeking a healthy lifestyle close to the nearby national park, which stretches as far as the Black Sea.

Beykoz is also within easy reach of the Fatih Sultan Mehmet Bridge, crossing to the European side, which can usually be reached within 20 minutes. Kadikoy is also around a ten-minute drive away and home to ferryboats crossing the Bosphorus, popular with both locals and tourists alike.

The villa

Built by a famous writer and journalist Ahmet Mithat Efendi, the property sits on a 328 m² plot. The house offers accommodation over five floors, including a basement, comprising a total of 578 m² of indoor living space. Each level can be easily accessed by the new indoor elevator.

Ahmey Bey let this property as a “medrese” – an Ottoman school for the poor children – until his death when it was inherited by his two wives and their children.

After that, the mansion was divided into two homes and has since had eight different owners, the most recent investing in renovations which have all been carried out through the proper channels. Also, as the property remains a Grade 2 Historic Mansion, no purchase tax applies.

However, buyers should be aware the property is currently altered to accommodate a charity. If a new owner prefers internal alterations to match their own requirements, the current owners will make the adjustments without any extra charges.

Floor size:
  • Ground floor: 126 sqm
  • First floor: 126 sqm
  • Second floor: 132 sqm
  • Third floor: 68 sqm
  • Basement: 126 sqm

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other houses for sale in Turkey.

You can see more houses for sale in Istanbul elsewhere on our website.

You may also be interested in Greece investor visa.

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    Inna Shchukina
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    Senior property selection advisor
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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

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      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

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      • Who guarantees the transaction security?

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