Condo in 1861 N River Drive 3, Miami, FL 33125 for sale with MLS# A11984365
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.
1861 N River Drive 3, Miami, FL 33125
- Price:
- $459,900.00
- Original List Price:
- $459,900.00
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 17, 2026 4:00 am
- Other Special Conditions:
- Sold As-is
- Bedrooms:
- 1
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Room Type:
- Den
- Rooms Total:
- 1
- Master Bedroom Bath:
- Master Bdrm - Upstairs, Separate Shower, Separate Tub
- Dining Area:
- Family/Dining Combination
- Living Area:
- 1,144 Sqft
- Built-Up Area:
- 1,144 Sqft
- View from the Property:
- Garden, Other, River
- Waterfront:
- Yes
- Waterfront Features:
- River Front, None
- Security:
- Smoke Detector(s), Fire Sprinkler System, Security Guard, Security Fence, Elevator Secure
- Appliances:
- Disposal, Microwave, Refrigerator, Electric Range
- Interior:
- Pantry, Walk-In Closet(s)
- Exterior:
- Barbecue, Balcony, Lighting
- Windows:
- Skylight(s), Skylight(s)
- Laundry:
- Washer Hookup, Dryer Hookup
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Unit Description:
- High Rise, Penthouse, Studio
- Balcony Details:
- Balcony - Open
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 2010
- Levels:
- Two
- Entry Level (floor):
- 1
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 27
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $7,932.00
- Tax Year:
- 2025
- Association Fee:
- $1,409.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- City/County
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- Garage, Attached, Guest, Attached Garage
- Association
- Application Required
- Application Fee:
- $100.00
- Application Information:
- 1-2 Weeks Approval
- Association Type:
- Homeowner Association, Condominium
- Pets Allowed?
- Lease Number Times per Year Allowed:
- 2
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Pool, Sauna, Spa/hot Tub, Trash Chute, Management, Maintenance, Elevator(s), Fitness Center, Parking
- Building Name:
- 1861
- Subdivision Name:
- TERRAZAS RIVERPARK VILLAG
- Association Fee Includes:
- Sewer, Water, Trash, Cable Tv, Security, Maintenance Structure, Common Areas, Insurance, Internet, Hot Water, Elevator, Reserve Funds, Pool Service, Recreation Facility
- Senior Community:
- Yes
- Development Name:
- TERRZAS MIAMI
- Restrictions:
- Other Restrictions, Parking - No Truck, Limited # Vehicles, Parking - No Trailer
- Minimum Days per Lease:
- 180
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- TERRAZAS RIVERPARK VILLAGE CONDO UNIT RIVER PH 3 UNDIV 0.3522587% INT IN COMMON ELEMENTS OFF REC 27230-3956
- Real Estate Folio Number (Parcel Number):
- 0131341242050
- Elementary School:
- Citrus Grove (miami-dade)
- High School:
- Miami Jackson
- Middle Or Junior School:
- Citrus Grove
- Active on the market since:
- March 17, 2026
- Listing Agreement executed on:
- March 17, 2026
- Listing Status Last Changed On:
- March 17, 2026 4:00 am
- Photos updated on:
- May 6, 2026 3:24 pm
- Last Modified:
- July 6, 2026 11:03 pm
- Courtesy of:
- Premier Global Brokers, LLC
- Attribution:
- Not provided
- Floor Number:
- 27
- Street Name:
- River
- Street Number:
- 1861
- Unit Number:
- 3
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33125
- County:
- Miami-Dade
- Latitude:
- N25° 47' 6.8''
- Longitude:
- W81° 46' 26.8''
- Street Suffix:
- Drive
- Street Direction Prefix:
- N
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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