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Luxury Homes Worth Touring in Rio During the Olympics

Four prime properties on sale offer ocean views and more

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Tour four luxury properties for sale in Rio do Janeiro.

Quinn Rooney/Getty Images
Tour four luxury properties for sale in Rio do Janeiro.
Quinn Rooney/Getty Images

The Olympics are set to start in Rio de Janeiro on Friday amid the rockiest political and economic times for Brazil in recent history.

The country’s president is being impeached in relation to a widespread corruption scandal, the economy is grappling with a brutal recession believed to be the worst for the nation in a century and health authorities are wrestling with more than 1,700 confirmed cases of microcephaly since an outbreak of the Zika virus began in 2015.

MORE:Foreign Buyers Find Dollar Deals in Brazil

In spite of all this, Latin America’s biggest country—and especially its famed beaches, including Ipanema and Copacabana—continues to attract hordes of tourists every year. In February alone, more than 1 million descended on Rio for the city's annual Carnival celebration.

For many wealthy individuals, visiting a country is the first step toward investing in its real estate market, and close to 500,000 tourists are expected to arrive in Rio starting this week for the Olympics, which run through Aug. 21.

Would-be homebuyers will find in Rio the most expensive price per square meter in all of Brazil: 10,251 reais (close to $34,000 per square foot) as of June. But home prices fell 3.61% year-over-year that month, the steepest yearly drop so far in 2016, according to the FipeZap index, produced by a think tank affiliated with São Paulo State University.

For those planning to make time to tour prime properties, here are four homes currently on sale in Rio worth the visit:

Judice and Araujo/Christie’s International Real Estate

Price: Around $1.996 million Verandas and turquoise-colored glass walls throughout this property bring the ocean out front practically indoors. This three-bedroom house spans 4,639 square feet and includes a terrace and a leisure area featuring a swimming pool and eating court.

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Judice and Araujo/Christie’s International Real Estate

Price: Upon request This house offers ocean, island and mountain views. It features an outdoor dining area with a kitchen, two media rooms, an internal garden and an infinity-edge pool. All four bedrooms include an en-suite bathroom, and there are separate staff quarters.

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Judice and Araujo/Christie’s International Real Estate

Price: Upon request Located in a five-story, fully renovated beachfront building, this apartment boasts unobstructed views of the ocean and a palm tree-lined avenue. The single-floor unit has a total area of 4,100 square feet and includes three bedrooms, two bathrooms, a large kitchen with marble pantry areas and a media center. Common features include a large garden, 24-hour doorman and parking garage.

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Judice and Araujo/Christie’s International Real Estate

Price: Upon request Located in a gated community, this apartment offers views of the ocean, the Pedra da Gávea mountain, lagoon and golf course. It has five bedrooms, including three with en-suite bathrooms, and a breakfast room. The building offers residents a heated swimming pool, a spa with sauna, an entertainment room with gourmet kitchen, a wine cellar, a meeting room, a game room, tennis courts, a soccer field, a movie theater and a fitness room.

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