In 1836, the palace was reserved for daughter of Mahmud II, Mihrimah Sultan and her husband Mehmed Said Pasha, and in the reign of Sultan Abdülmecid (1839-1861), the palace was demolished in 1840s and daughters of Sultan Mahmud II, Atiye Sultan and her husband Fethi Ahmed Pasha lived in twin mansions built in the place of İzzetabad Pavilion. After demise of Seniye and Feride Hanım Sultans, possession of twin mansions was taken by Department of Treasury, on December 1st, 1920.
In 1923, the palace was rented by Mehmed Bey. In 1929, İbrahim Ali Bey was a tenant in the pavilion. As per a regulation dated June 14th, 1931, the pavilion was bought by Kudret Azmi Bey, with the name of Feyz-i Ati High School. After this date, the high school was named Boğaziçi High School and closed down in 1944. In 1958, it was demolished to widen the roads. Afterwards, on July 18th, 1934, an acquaintance of Atatürk, Recep Zühtü Soyak bought the pavilion. In January 1964, it was sold to Özdemir Birsel –producer and director- and his brother Nüzhet Birsel and hosted many artists and movie stars including Belgin Doruk, Özdemir Birsel’s wife and renowned artist. Murtaza Sadık Kağıtçı, owner of Ece Agendas bought the pavilion in 1968 and wanted to pull it down in order to build a different building. However, the amended law on Boğaziçi development plan did not permit this modification.
Bayraktar family bought the pavilion on August 1st, 1989; and by the year of 1992, İzzetabad Pavilion was rebuilt to become the headquarters of Bayraktar Holding.