This is a great place, in the heart of Ipanema. Location is just perfect, on the beach block, but not directly on the busy beachfront road. The views from the beach are perfect, I could even see my kids from the living room balcony.
The building services are also very good: Free parking included on a secure garage (you can also have one guest vehicle park there up to 6 hrs). You can pick up beach chairs and umbrellas at the reception. Maid/cleaning services are included and it is really good - they really clean the place up (everyday, except Sunday). We had an issue with the Microwave and the Air Conditioning in one of the rooms, and they came and fixed it during our stay.
The Master Suite is very good, spacious, with a huge closet and good bathroom. The bedroom with two bets is small, but also good. The third room is just OK, (off the kitchen, no A/C, but with private bathroom - good for a nanny or mother-in-law :)). Living room and dining room are perfect - large and bright. There are balconies in every room. Kitchen is small, but usable. There is also a Washer/Dryer. Apartment is getting a bit tired with flaking paint and some door hardware not working, but that did not bother us.
There is a supermarket one block away, and a huge variety of bars and restaurants within walking distance. The beach, of course, is gorgeous.
Overall, this is a great place to stay in Ipanema for up to 5 people.