Great Location! The apartment is located on the 4th floor and the street is sort of busy (easy to get a cab when you need one) but the apartment doesn't face the street so it is very quiet. There is a balcony, but the balcony is surrounded top to bottom by netting so you don't have to worry about children falling. We let a 6 year old boy play on the balcony without any problems. Previous reviews have already mentioned the internet, TV, bathrooms, air conditioning, etc., so I wont rehash those things. If you are a runner, it's not far from Lagoa (maybe a five minute walk) and the a 7.5 km circuit around the lake. Make sure you take advantage of Ipanema on Sunday when they close down one of the lanes of traffic for pedestrians to walk/run.