Constructed in the late 1920s, this magnificent residence was commissioned for banker Dimitar Ivanov and his wife Nadezhda Stankovic. The interior of the house is adorned with luxurious details, including a striking red marble fireplace in the reception hall, a raised platform for musicians, and crystal glasses embellishing the interior doors. The house comprises several bedrooms, beautiful terraces, a spacious study room, and service areas. Although the original furniture is no longer present, it is known that affluent residents of Sofia during that era favored high-quality pieces from Central and Western Europe.

The exterior of the property boasts a substantial front yard facing the street, enclosed by an elegant wrought iron fence. The entrance is accentuated by a triple staircase, creating a grand entrance. Notably, the property features special portals on both sides of the yard, suggesting a bygone era where carriages and horses could enter through one portal, while exiting through the other after the visit.

The Ivanov family enjoyed their residence until 1944 when the property was nationalized after the war. Subsequently, it served as the Romanian embassy and later housed the USSR commercial representation in Bulgaria. During the 1990s, the house became the headquarters for various ambiguous communist structures.

In the 1990s, the property was restituted and returned to the heirs of its original owner, banker Dimitar Ivanov. Since 2004, the house has been owned by Valentin Zlatev, the director of Lukoil, though there has been no discernible effort to preserve or restore this cultural monument. Regrettably, the once magnificent house, which fell into disrepair for decades, now stands in a state of melancholy neglect.

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