Dice the red potato into small, uniform half-inch cubes to ensure even cooking and maximum crispiness.
Heat the olive oil in a large cast-iron skillet over medium-high heat and add the potatoes, cooking for 8-10 minutes until golden brown.
Push the potatoes to the side of the pan and add the ground turkey, breaking it up with a spatula into small crumbles.
Season the turkey with smoked paprika, garlic powder, sea salt, and black pepper, stirring to combine the spices with the meat and potatoes.
Toss in the diced bell peppers and red onions, sautéing for another 5 minutes until the vegetables are tender-crisp and the turkey is fully cooked.
Create a small well in the center of the mixture, crack the egg into it, and cook for 2-3 minutes until the white is set but the yolk remains runny.