It was built by Sultan Abdulmecid in 1857 and asked to design Baroque style to architect Garabet Balyan and his son Nicogos Balyan. There was a two-story timber palace in the reign of Mahmut I. Difference occurred by its walls that on other palaces you can see surrounded by cast-iron railings with one gate at four sides. It seems like a Turkish traditional house on the interior side, but as a palace, marbles are Italian crystal chandeliers from Bohemia, With Curtains, and Carpets from Hereke.

During the time of Sultan Abdulaziz, Some of the original garden buildings were demolished. It was renovated in 1944 then opened as a museum. The palace can be better seen from the Bosphorus.

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