1861 N River Drive 3, Miami, FL 33125

$459,900

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11984365

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 1,144 Status: Active

Current Price: $459,900 List Date: 3/17/2026 Last Modified: 7/06/2026

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 ... (Read more)

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: 2026-03-17T04:00:00Z
Major Change Type: New Listing
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
Okay To Lease: 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

Section Details

Parcel Number MLX: 2050

Originating Details

Originating System Key: 442941905
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Business Center: Yes
Elevator(s): Yes
Fitness Center: Yes
Management: Yes
Parking: Yes
Pool: Yes
Sauna: Yes
Spa/Hot Tub: Yes
Trash Chute: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes
Hot Water: Yes
Insurance: Yes
Internet: Yes
Maintenance Structure: Yes
Pool Service: Yes
Recreation Facility: Yes
Reserve Funds: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Family/Dining Combination: Yes

Exterior Features

Barbecue: Yes
Lighting: Yes

Flooring

Tile: Yes

Parking Features

Guest: Yes
Attached: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Special Information

Sold As-Is: Yes

View

Garden: Yes
Other: Yes

Heating

Central: Yes

Unit Description

Penthouse: Yes
Studio: Yes
High Rise: Yes

Water Access

None: Yes

Water View

River: Yes

Window Features

Skylight(s): Yes

Appliances

Disposal: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes

Construction Materials

Block: Yes

Interior Features

Pantry: Yes
Walk-In Closet(s): Yes

Laundry Features

Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Elevator Secure: Yes
Fire Sprinkler System: Yes
Security Fence: Yes
Security Guard: Yes
Smoke Detector(s): Yes

Waterfront Features

River Front: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes
Homeowner Association: Yes

Showing Requirements

24 Hour Notice: Yes

Master Bedroom/Bath

Master Bdrm - Upstairs: Yes
Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Restrictions

Limited # Vehicles: Yes
Other Restrictions: Yes
Parking - No Trailer: Yes
Parking - No Truck: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Room Types

Den: Yes

Room Information

Room Name
Den

Listing Office: Premier Global Brokers, LLC

Last Updated: July - 06 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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