Heat the olive oil in a medium pot over medium-high heat.
Add the ground turkey and cook until browned, breaking it apart with a wooden spoon.
Stir in the diced onion and red bell pepper, sautéing for 3-4 minutes until the vegetables soften.
Add the minced garlic, chili powder, cumin, and smoked paprika, stirring for 1 minute until fragrant.
Pour in the black beans, kidney beans, tomato puree, and water, then season with sea salt and black pepper.
Bring the stew to a gentle boil, then reduce the heat to low and simmer for 15 minutes to allow the flavors to meld.