Property Bucharest (Romania)by romania sotheby's international realty

Prestige property for sale in Bucharest (Romania) - White facade of a large old house

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PropertyBucharest (Romania)
Price :
$5,691,300
bedrooms15 bathrooms12 land630 m²

Name: Bucharest Luxury Property for Sale | $5,691,325
Creator: Le Figaro Properties

Why this property will seduce you

Historic Central Location: Nicolae Iorga street, Bucharest city center.
Iconic Classic Architecture: Neo-Romanian style, design by Paul Smărăndescu.
Guaranteed Rental Yield: Long-term lease contract as an embassy.

There are houses that you pass by without even noticing they exist and there houses that force you to stop to admire their beauty. It will be impossible to stroll through Bucharest’s city center on Nicolae Iorga Street without stopping for a second to enjoy the architectural perfection of the building signed by Paul Smărăndescu. The main building has a neo-romanian style and was nuilt in 1914 after the the plans of Paul Smărăndescu, while the second building, also featuring the inspiration and the style elements of the first one, was erected later on with the care of Constantin Iotzu. Iosif Pincas was one of the important figures of the interwar Romania and the property he built on 18th Romana Street, as it was called at that time, was supposed to reflect his status and his influence in the social life of those times. Raised in a wealthy Spanish family with jewish origins, Iosif Pincas is also the brother of the famous Spanish painter Pascin. Owner Of the Fusion Bank of Oradea, Iosif Pincas used to own cargo ships, factories, pure breed horses, plenty of properties among which we can highlight the Degenfeld Castle from Balc with a beautiful domain of more than 1000 hectars and a domain in Kaliakra, Bulgaria, and he was considered to be in the top 10 wealthiest men od the interwar Romania. Today the property consists of a land plot of 630 sqm and a total built area of 1704 sqm of total built area in two buildings. The buildings are completely renovated at really high level of quality and the property is now used as an embassy with a ling term lease contract. So the property is a good investment, it is a high value asset that generates a guaranteed long term yield.

Advertiser reference : Q5PRGLLe Figaro Properties reference : 84670720

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Property Bucharest (Romania)

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White house facade, historic architecture in this luxury property for sale in Bucharest ($5,691,325)

White buildings with red roofs and ornaments - Property purchase in Bucharest, 33 rooms, 15 bedrooms

Luxury property for sale in Bucharest (Romania)

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Cesianu-Racovita Palace Strada C. A. Rosetti 5010281 Bucharest (Romania) All the listings of this agency

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We associate Timișoara, and the entire west of the country, with the Habsburg or Austro-Hungarian empire, that is, with the West forgetting that another empire, the Ottoman, occupied the city for 164 years from the 16th century until 1716, when Eugeniu de Savoy recaptured the city. Legend has it that an axle of his chariot was integrated into a later majestic building (it appears in city plans in 1836). In reality it seems that the shaft belonged rather to a heavy artillery piece. Its insertion in the corner of the building has significance not only in symbolic terms; the building being one of the most famous in the city and its restoration was greeted with enthusiasm by the residents. Located on the space once occupied by the Round Tower of the bastion, used as a powder room until 1756 when it was demolished, the house already had the eastern body built in 1836-1836, the one facing Dr. I.C Brătianu Square (architect Anton Schmidt) as well as on the western one, which has two floors with a facade facing the side of Țepeș Vodă Square. In the period 1863–1864, marked by famine, local good Samaritans organized a social canteen in it. The House with the Iron Axis today has the bodies thoroughly rehabilitated, restored and transformed from homes into office spaces. New access roads, attic areas and re-compartmentalization suitable for modern use were made - office hub with mixed functions: law offices, insurance companies, marketing, dental clinics and IT companies. The classicist style, with neo-Romanesque elements, gives distinction to the building even today. Class B historical monument, prestigious for its age, story, address and restoration. The house with an iron shaft is 80% rented, which positions it as an excellent investment opportunity.

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Some properties derive their value from scale or location. Others belong to a far rarer category, where value is defined by an exceptional combination of qualities that cannot be recreated: a prestigious address, inclusion within a landmark urban development, authentic architectural heritage, and distinguished provenance. This villa belongs to that category. Situated within the prestigious Halfon Development on Kiseleff Road, the property forms part of one of Bucharest's most exclusive interwar residential ensembles. Conceived from 1922 on land owned by Raphael Halfon, a prominent member of Bucharest's Sephardic Jewish community, the development represents one of the finest examples of early twentieth-century residential urban planning in the northern part of the capital. Unlike the conventional developments of its time, the Halfon Development was envisioned as a cohesive architectural composition. Designed by architect Ștefan Burcuș, a graduate of the École des Beaux-Arts in Paris, the project features symmetrically arranged villas inspired by the principles of French academicism and the Beaux-Arts tradition. Burcuș, the architect behind the Bucharest Chamber of Commerce and Stock Exchange Palace, the master plan for the 1906 Jubilee Exhibition in Carol Park, and the development of the Băile Olănești spa resort, played a defining role in shaping the modern identity of Bucharest. The significance of the ensemble is further enhanced by its association with Duiliu Marcu, one of the most influential Romanian architects of the twentieth century, best known for the Victoria Palace, the CFR Palace, and the extension of the Romanian Academy Library. The Kiseleff setting further elevates the property's exclusivity. Since the interwar period, this grand boulevard has been the preferred address of Romania's political, diplomatic, and cultural elite. Its low-density urban fabric, mature tree-lined streets, and distinctive garden-city character continue to define one of the most prestigious residential districts in Central and Eastern Europe. The interiors preserve an exceptional collection of original architectural details, including solid oak parquet flooring, handcrafted plaster mouldings, curved wooden doors with crystal inserts, original glazed partition doors, and historic ceramic stoves. Generous ceiling heights and balanced proportions enhance the natural light while preserving the refined atmosphere of Bucharest's grand interwar residences. The restrained architectural language of the façades reflects the same attention to proportion and craftsmanship, creating a seamless dialogue between the exterior and interior. The private garden offers a remarkable degree of privacy for such a central location, serving equally well as a tranquil retreat or an elegant extension of the reception areas. At the same time, the residence accommodates contemporary living through a heated garage and highly adaptable spaces. The lower level, benefiting from natural daylight and a separate entrance, can function as a private office, guest apartment, professional workspace, or an independent living area. Thanks to its versatility, the villa is equally suited as a distinguished private residence, corporate headquarters, or diplomatic mission. Its place within a documented historic ensemble, combined with its authentic architectural character and location in one of Bucharest's most prestigious residential enclaves, makes this property an exceptional heritage opportunity. More than an exclusive address, it offers the rare privilege of owning an authentic piece of the city's history, within a setting whose value cannot be recreated, only preserved.

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PropertyBucharest (Romania)
Price :
$5,691,300
bedrooms15 bathrooms12 land630 m²

Why this property will seduce you

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Property Bucharest (Romania)

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Property Bucharest (Romania)

Property with garden Bucharest (Romania)

Property Bucharest (Romania)

Property Bucharest (Romania)

PropertyBucharest (Romania)Price : $5,691,300 USDEuro € EURAmerican Dollar ($ USD)British Pound (£ GBP)bedrooms15 bathrooms12 land630 m²

In detail

Property Bucharest (Romania)

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Contact an advisor

PropertyBucharest (Romania)
Price :
$5,691,300
bedrooms15 bathrooms12 land630 m²