ActiveMLS® A11984365

$429,900

1861 N River Drive 3, Miami, FL 33125

Beds: 1
Baths: 2
Sqft: 1,144

Est. payment$4,516/mo

Home type: Condominium
Year built: 2010
Lot size: —
Price / sqft: $376
HOA: $1,409/mo
Community: TERRAZAS RIVERPARK VILLAG

Property description

Experience elevated living at Terrazas Miami with this unique two-story Penthouse offering the perfect blend of space, design, and investment potential.This oversized 1-bedroom + Den + 2 full bathrooms residence spans 1,347 SF and features a loft-style layout with soaring ceilings, abundant natural light, and a rare two-level floor plan that delivers both privacy and functionality—feeling more like a townhouse in the sky.Currently leased at $3,150/month, this property presents a strong income-producing opportunity with immediate cash flow, ideal for investors seeking high-yield assets in a centrally located Miami community.Enjoy resort-style amenities including riverfront access, pool, fitness center, 24-hour security, and a prime location just minutes from Brickell, Downtown Miami, and Miami International Airport.A rare opportunity to own a distinctive Penthouse with both lifestyle appeal and solid investment fundamentals in one of Miami’s most strategically located riverfront communities.

Listing activity

Days on market: 220
Listed: Mar 17, 2026
MLS listing updated: Oct 17, 2026
Feed last checked: 14 minutes ago

Listed by Jose E Lorenzo · Premier Global Brokers, LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Bathrooms (decimal): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 1
Interior features: Pantry, Walk-In Closet(s)
Flooring: Tile
Appliances: Disposal, Electric Range, Microwave, Refrigerator
Laundry: Washer Hookup, Dryer Hookup
Window features: Skylight(s)

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1
Parking features: Attached, Attached Garage, Garage, Guest
Attached garage: Yes

Exterior

Stories: 27
Building area: 1,144 sqft
Entry level: 1
Exterior features: Balcony, Barbecue, Lighting
View: River, Garden, Other
Waterfront: None, River Front
Waterfront property: Yes

Construction

Type & style

Home type: Condominium
Year built: 2010
New construction: No

Materials

Construction: Block
Property condition: Resale

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: TERRAZAS RIVERPARK VILLAG
MLS area: 2310
Security: Elevator Secure, Fire Sprinkler System, Security Fence, Security Guard, Smoke Detector(s)
Pets allowed: Yes
55+ community: Yes

Association

Has association: Yes
Association fee: $1,409 monthly
Estimated monthly dues: $1,409
Amenities: Maintenance, Pool, Business Center, Elevator(s), Fitness Center, Management, Parking, Sauna, Spa/Hot Tub, Trash Chute
Services included: Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Hot Water, Insurance, Internet, Maintenance Structure, Reserve Funds, Security, Sewer, Trash, Water

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33125

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11984365
Possession: Close Of Escrow, Negotiable
Original list price: $459,900
Parcel number: 0131341242050
Annual property tax: $7,932
Tax year: 2025
Tax legal description: TERRAZAS RIVERPARK VILLAGE CONDO UNIT RIVER PH 3 UNDIV 0.3522587% INT IN COMMON ELEMENTS OFF REC 27230-3956

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Business Center, Elevator(s), Fitness Center, Management, Parking, Sauna, Spa/Hot Tub, Trash Chute
Association Fee Frequency: Monthly
Association Fee Includes: Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Hot Water, Insurance, Internet, Maintenance Structure, Reserve Funds, Security, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 1144
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 220
Elementary School: Citrus Grove (Miami-Dade)
High School: Miami Jackson
Laundry Features: Washer Hookup, Dryer Hookup
List Price: 429900
Listing Contract Date: 2026-03-17
Living Area: 1144
MLSArea Major: 2310
Middle Or Junior School: Citrus Grove
Mls Status: Active
On Market Date: 2026-03-17
Photos Count: 43
Postal Code: 33125
Price Change Timestamp: 2026-10-17T22:32:35Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 1
Security Features: Elevator Secure, Fire Sprinkler System, Security Fence, Security Guard, Smoke Detector(s)
Senior Community: Yes
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-03-17T04:00:00Z
Stories Total: 27
Subdivision Name: TERRAZAS RIVERPARK VILLAG
Waterfront Features: None, River Front
Tax Annual Amount: 7932
Bathrooms Full: 2
Bedrooms Total: 1
Bathrooms Half: 0
General Property Information: Senior Community: Yes
Financial Information: Estimated Monthly Assoc Recurring Fee: 1409

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Mar 17, 2026	ListedMIAMI REALTORS® MLS	$459,900$402/sqft
Oct 17, 2026	Price reducedMIAMI REALTORS® MLS	$429,900$376/sqft

Public tax history

Year	Property taxes	Assessment
2025	$7,932	—

Payment calculator

Estimated monthly payment$4,516/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,231
Property taxes: $661
Insurance: $215
Association dues: $1,409

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

TERRAZAS RIVERPARK VILLAG

Miami · Miami-Dade County · 33125

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Citrus Grove (Miami-Dade)Elementary

—

Citrus GroveMiddle

—

Miami JacksonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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