This Ipanema apartment for sale with renovation potential sits on Rua Barão da Torre — just steps from Praça General Osório and the General Osório metro station, 3 blocks from Ipanema Beach in Rio de Janeiro’s Zona Sul. At R$ 980,000 for 75m² with 2 bedrooms, 3 bathrooms, and 1 parking space, this is a rare opportunity to create a bespoke Ipanema home or income-generating property entirely to your own specification. The flexible layout permits wall removal and full reconfiguration. Furthermore, the building explicitly permits Airbnb and short-term rentals — making this equally compelling for lifestyle buyers and investors alike.

Personalise Your Ipanema Apartment — Flexible Layout & Airbnb Permitted

This Ipanema apartment for sale with renovation potential offers a genuine blank canvas in one of Rio de Janeiro’s most dynamic addresses. The flexible floor plan allows wall removal and full reconfiguration — ideal for buyers who want an open-plan layout integrating kitchen, dining, and living into a single contemporary social space. Moreover, a recently renovated apartment in the same building demonstrates exactly what is achievable here — and the gap between the two prices represents the value available to whoever acts first. Since the building permits AirBnB and short-term rentals, a well-executed renovation has an immediate and proven rental market to absorb it. Furthermore, at R$ 980,000 with a R$ 1,300/month condo fee and low IPTU, the holding costs during renovation remain manageable.

Current Layout & Living Spaces

The existing 75m² floor plan offers 2 bedrooms, 3 bathrooms — including a bathtub bathroom and a separate powder room — a living room with wooden floors accommodating two social zones, a fitted kitchen with cabinetry, and a service area. Additionally, built-in wardrobes feature in both bedrooms and the kitchen. Since the 7th floor position delivers natural light and cross-ventilation across all rooms, the apartment is bright and well-aired throughout. Furthermore, the bones of the property are solid — the opportunity lies entirely in the finish and configuration. As a result, a buyer with a clear renovation vision can unlock significant value steps from one of Ipanema’s busiest transport hubs.

General Osório & Rua Barão da Torre — Location & Connectivity

The apartment sits directly adjacent to Praça General Osório — Ipanema’s most vibrant public square, home to the famous Sunday hippie market and surrounded by the neighbourhood’s best bars, restaurants, and street life. General Osório metro station is on the doorstep, providing direct connectivity to Copacabana, the city centre, and beyond. Furthermore, Ipanema Beach is just 3 blocks away on foot. Since this end of Ipanema borders Copacabana, residents also benefit from the full amenity range of both neighbourhoods simultaneously. Rua Barão da Torre itself is lined with some of Ipanema’s most celebrated dining destinations, making the address highly attractive to short-stay international visitors.

Key Features of This Ipanema Apartment for Sale with Renovation Potential

• Steps from General Osório metro & Praça General Osório
• 3 blocks from Ipanema Beach
• Renovation potential — blank canvas, full personalisation possible
• Flexible layout — walls can be opened, open-plan conversion viable
• Airbnb & short-term rentals permitted by building
• 75m², 7th floor, natural light & cross-ventilation throughout
• 2 bedrooms, 3 bathrooms (incl. bathtub & powder room)
• Wooden floors in living area
• Built-in wardrobes in bedrooms & kitchen
• Fitted kitchen with cabinetry & service area
• 1 parking space
• 24h concierge
• Entry price R$ 980,000 — strong renovation upside

An Ipanema Apartment for Sale with Renovation Potential at This Price Is Rare

Apartments with Airbnb permission, flexible layout potential, metro access, and beach proximity on Rua Barão da Torre at under R$ 1,000,000 appear on the market only occasionally. Therefore, buyers seeking the freedom to design their own Ipanema home — or those looking to create a high-yield short-term rental — will find few alternatives at this price point. This Ipanema apartment for sale with renovation potential near General Osório rewards those who act decisively.