How much does it cost to live in the most expensive buildings in Rio de Janeiro, and where are they located?

A spacious property close to the beach and with a view of the sea and 24-hour security.

These are the main demands of those looking to buy a high-standard property in Rio de Janeiro.

Whether in Ipanema or Leblon, Rio’s noble neighborhoods, apartments with a minimum floor area of 500 square meters and “cinematographic” views gain prominence in areas where the square meter costs R$100,000 (US$19,400).

For comparison purposes, the average sales price in Rio de Janeiro was R$9,860 per square meter in December, according to the FipeZAP+ Residential Sales Index, which tracks the average price variation of finished apartments in Brazilian cities from ads on different platforms.

The most expensive neighborhoods are Leblon, Ipanema, and Lagoa.

Three of the five most expensive are located along Avenida Vieira Souto, while the two that complete the list are also nearby, on Avenida Delfim Moreira, in Leblon, according to a survey conducted by Mbras, a company specialized in high-end property management, at the request of Bloomberg Línea.

RIO X SÃO PAULO

Bloomberg Línea’s report last August showed that the neighborhoods of Itaim Bibi, Jardins, and Vila Nova Conceição have the most expensive buildings to buy and live in São Paulo.

In the São Paulo capital, the HL 746 building, located at Horácio Lafer street, in the Itaim Bibi neighborhood, overlooking Parque do Povo Park, is the most expensive: R$46 million, according to Mbras.

While the city of São Paulo has a “green” view, since parks are among the main demands, in Rio de Janeiro, the search is for a balcony with a sea view.

“In Rio, everything revolves around the ocean view and, especially, the location, with a focus on the South Zone, in the neighborhoods of Ipanema and Leblon. This is the region with the most expensive residential buildings,” said Lucas Melo, executive director of Mbras.

These are regions that, besides the proximity to the beach, concentrate restaurants and bars rated as the best in town, luxury brand stores, among other attractions.

Besides, they are close to the lagoon, where residents can moor boats and jet ski.

While in São Paulo, the clients look for buildings with complete infrastructure, such as a gym, swimming pool, party room, and toy room, in Rio de Janeiro there is no such demand.

As the high-standard buildings, in general, are also older, parking spaces are usually smaller than in the São Paulo capital, between four and seven, against an average of ten in São Paulo.

Melo also explains that in Rio’s capital, the building potential is lower; the buildings must have fewer floors, and the condominiums tend to be more private but more expensive for housing fewer families.

Check below, in increasing order, the five most expensive residential buildings in Rio de Janeiro:

5. ATLÂNTICO SUL (SOUTH ATLANTIC)

Located on Vieira Souto Avenue in Ipanema, the condominium has a single tower.

With flats of 600 square meters, with five bedrooms and five parking spaces, the price is around R$48,000 per square meter (or up to R$28.8 million).

4. JUSCELINO KUBITSCHEK

Built in 1962, this residential condominium is located on Vieira Souto Avenue in the Ipanema neighborhood.

The building has a single tower with 600-square-meter four-bedroom flats with four parking spaces.

Mbras says the prices are around R$53,000 per square meter (or R$31.8 million).

3. ANA CAROLINA BUILDING

The apartments for sale in Ana Carolina Building are of a high standard and the largest in the Leblon neighborhood, according to Mbras.

The building is located on Delfim Moreira Avenue and has a floor area of 685 square meters: five bedrooms, and five parking spaces.

The square meter costs about R$65,000 (an apartment in the building is evaluated at R$44.5 million).

2. JUAN LE PINS

Located in Leblon, at Delfim Moreira Avenue, the apartments of this luxury building have 600 square meters, and four suites, the master one with two bathrooms and two closets.

The square meter costs about R$80,000, according to Mbras. This brings the price of an apartment to R$48 million.

1. CAP FERRAT BUILDING

The most expensive residential building in Rio de Janeiro is the Cap Ferrat, located on Vieira Souto Avenue in Ipanema.

With a sea view, the apartments have 600 square meters, balconies, four suites, and leisure activities.

The survey shows the prices are around R$100,000 per square meter. With this, an apartment can cost R$ 60 million.

With information from Bloomberg