284 Praia do Flamengo, 284 PH, Rio de Janeiro, FL 22210040 — MLS photo

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284 Praia do Flamengo, 284 PH, Rio de Janeiro, FL 22210040

Active · Condominium

$10,750,000

284 Praia do Flamengo, 284 PH, Rio de Janeiro, FL 22210040

Beds
12
Baths
5
Living area
— sq ft
$ / sq ft
—
Year built
1940
Lot size
—
HOA fee
—
Annual tax
—

About this property

An Irreplaceable Patrimonial Asset Above Rio de Janeiro. Conceived in 1940 by the Guinle family, founders of Copacabana Palace, this extraordinary penthouse encompasses 41,980 SQFT across 4 levels. More than a residence, it is a private palace in the sky that has become a landmark of Brazilian architectural and cultural heritage. Designed in French neoclassical style, the property features 17-ft ceilings, authentic European marble, and a sculptural spiral staircase carved Travertine columns and hand-hammered brass w/ gold detailing reveal a level of craftsmanship, scale, and proportion that contemp. construction and engineering are unable to replicate. Originally conceived to deliver the highest standards of private hospitality and receptionS, the PH offers exceptional versatility. Its layout and architectural presence allow it to function equally as an private residence or as a distinguished venue for high-level hospitality and institutional use. The property features 5 master suites, 12 baths w/ refined finishes, a private elevator, and an expansive rooftop w/ swimming pool and fruit trees, Panoramic views of Guanabara Bay and Pão de Açúcar. Amenities include a barbecue area, climate wine cellar, bar area and more. With unparalleled historical significance and architectural presence, this asset is ideally suited for an ultra luxury hotel, a global brand Maison, a cultural foundation, a high-level diplomatic residence, or other legacy-driven institutional uses.

Property location

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284 Praia do Flamengo, 284 PH, Rio de Janeiro, FL 22210040

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Facts & features

Interior

Bedrooms
12
Bathrooms
5

Exterior & Structure

Property type
Condominium
Year built
1940

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Other
MLS listing ID
A11932114
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$21,040

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$50,960/mo
Down payment
$2,687,500
Loan amount
$8,062,500
Annual NOI
$359,050

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.