1861 N River Drive 3, Miami, FL 33125 (MLS# A11984365)

1861 N River Drive 3, Miami, FL 33125

$429,900
Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 1,144 Status: Active
Current Price: $429,900 List Date: 3/17/2026 Last Modified: 10/31/2026

Overview

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 com ...

Listing Details MLS# A11984365

General Property Information

Unit Floor #
27
Property Sub Type
Condominium
Bedrooms Total
Yes
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1144
Living Area Main
1144
Adjusted Area Main
1144
Year Built
2010
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
27

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; Hot Water; Insurance; Internet; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Security; Sewer; Trash; Water Dining Area: Family/Dining Combination Exterior Features: Barbecue; Lighting Flooring: Tile Leasing Permitted Details: Okay To Lease Parking Features: Guest; Attached; Attached Garage; Garage Property Condition: Resale Appliances: Disposal; Electric Range; Microwave; Refrigerator Construction Materials: Block Cooling: Central Air Association Type: Condominium; Homeowner Association Heating: Central Interior Features: Pantry; Walk-In Closet(s) Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Restrictions: Limited # Vehicles; Other Restrictions; Parking - No Trailer; Parking - No Truck Security Features: Elevator Secure; Fire Sprinkler System; Security Fence; Security Guard; Smoke Detector(s) Special Information: Sold As-Is Tax Information: City/County Unit Description: Penthouse; Studio; High Rise View: Garden; Other Water Access: None Water View: River Waterfront Features: River Front Window Features: Skylight(s) Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Den

Contract Information

Comp Sale YN
No
Original List Price
459900
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1861
Street Direction Prefix
N
Street Name
River
Street Suffix
Drive
Unit Number
3
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33125
Postal Code +4
2218
Postal Zip
33125
Subdivision Name
TERRAZAS RIVERPARK VILLAG
Development Name
TERRZAS MIAMI
Area
2310
Elementary School
Citrus Grove (Miami-Dade)
Middle Or Junior School
Citrus Grove
High School
Miami Jackson
Special Assessment YN
No
Parcel Number
0131341242050
Subdivision Number
124
Flood Zone
X
Directions
From I-95, take exit 3B to NW 8th St, go west on NW 8th St, then turn left onto NW 17th Ave, and finally, turn left onto NW S River Dr to reach 1871 NW S River Dr, Miami, FL 33125.
Building Name
1861

Financial Information

Association YN
Yes
Association Fee
1409
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
1409
Membership Fee Required YN
No
Tax Annual Amount
7932
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

Status Change Information

Major Change Timestamp
2026-10-17T22:32:35Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-10-17T22:32:35Z
Status Change Date
2026-03-17

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
2
Leasing - Minimum Number of Days
180

Storm Protection

Impact Glass
Partial

Price Calculations

Current Price To SqFt
375.78

Section Details

Parcel Number MLX
2050

Originating Details

Originating System Key
442941905
Originating System ID
M00000151

Room Information

Room Name
Den
IDX
Listing Office: Premier Global Brokers, LLC
Source MLS Verified
Last Updated: October - 31 - 2026
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