Condo in 1861 NW North River Dr 3 Miami 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 NW North River Dr 3, Miami, FL 33125
Price
- Price:
- $459,900.00
- Original List Price:
- $459,900.00
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential
- Property Type:
- Condominium
- MLS Number:
- A11984365
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 17, 2026 12:38 pm
Rooms Distribution
- Bedrooms:
- 1
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Room Type:
- Den
Measures
- Living Area:
- 1,144 Sqft
- Built-Up Area:
- 1,144 Sqft
- Lot Size Unit:
- Square Feet
Property Features
- View from the Property:
- Garden, Other, River
- Waterfront:
- Yes
- Waterfront Features:
- River Front
- Swimming Pool Features:
- Association
- Security:
- Smoke Detector(s), Fire Sprinkler System, Security Guard, Elevator Secured, Complex Fenced
- Appliances:
- Disposal, Microwave, Refrigerator, Electric Range
- Interior:
- First Floor Entry, Pantry, Walk-In Closet(s), Skylights, Upper Level Primary, Separate Shower, Family Dining Room
- Exterior:
- Barbecue, Balcony, Security High Impact Doors
- Patio and Porch:
- Balcony, Open
- Windows:
- Impact Glass, Skylight(s), Impact glass, Skylight(s), Impact Glass
- Laundry:
- Washer Hookup, Dryer Hookup
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Building:
- Exterior Lighting
- Water Access Description:
- None
Construction
- Year Built:
- 2010
- Year Built Details:
- Resale
- Builder Model:
- PENT HOUSE
- Architectural Style:
- High Rise, Penthouse, High Rise
- Entry Level (floor):
- 27
- Entry Level Location:
- 27
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 27
Taxes and Expenses
- Tax Annual Amount:
- $7,932.00
- Tax Year:
- 2025
- Association Fee:
- $1,409.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects City & County Tax
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Attached Garage
- Parking Features:
- One Space, Garage, Attached, Guest
Community
- Pets Allowed?:
- Size Limit (There are size restrictions on allowed pets), Yes
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Pool, Sauna, Spa/hot Tub, Trash, Elevator(s), Fitness Center
- Subdivision Name:
- TERRAZAS RIVERPARK VILLAG
- Association Fee Includes:
- Sewer, Water, Trash, Cable Tv, Security, Maintenance Structure, Common Areas, Association Management, Insurance, Parking, Reserve Fund, Internet, Hot Water, Recreation Facilities, Amenities, Pools
- Complex Name:
- TERRZAS MIAMI
- Senior Community:
- No
- Development Name:
- TERRZAS MIAMI
- Restrictions:
- Corporate Buyer Allowed, Limited Number of Vehicles, No Boats, No RVs, No Trucks, Okay to Lease
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Tenant
- Buyer Possession:
- Close Of Escrow, Closing And Funding
Zoning and Legal
- 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):
- 01-31-34-124-2050
Public Schools Assigned
- High School:
- Miami Jackson
- Middle Or Junior School:
- Citrus Grove
Listing History
- Originally published on:
- March 17, 2026 12:38 pm
- Active on the market since:
- March 17, 2026
- Price change occurred on:
- March 17, 2026 12:05 pm
- Listing Status Last Changed On:
- March 17, 2026 12:38 pm
- Photos updated on:
- March 17, 2026 5:11 pm
- Last Modified:
- March 18, 2026 1:01 am
Additional Information
- Unit View:
- Garden View, Other View, River
- Housing Older Persons Act:
- Unverified
- Unit Design:
- High-Rise, Penthouse
- Type of Association:
- Homeowners
- Minimum Number of Days per Lease:
- 180
- Type of Governing Bodies of the Association:
- Condominium
- Pet Fee:
- $500.00
- Number of Times Leased per Year:
- 2
- Flood Zone:
- X
- Building Number:
- 1861
- Application Fee:
- $100.00
- Rooms Description:
- Den/Library/Office
- Style:
- Condo 5+ Stories
- Municipal Code:
- 1
- Subdivision Number:
- 124
- Courtesy of:
- Premier Global Brokers, LLC
- Attribution:
- Not provided
Location
- Street Name:
- North River Dr
- Street Number:
- 1861
- Unit Number:
- 3
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33125
- County:
- Miami-Dade
- Latitude:
- N25° 47' 17.3''
- Longitude:
- W81° 46' 23.4''
- Street Direction Prefix:
- NW
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$40,940
Median Home Value
$377,600
Median Rent
$1,427/mo
Median Age
43
Population
55,449
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
50
Good
☀️ O3
45
Good
🫁 PM2.5
50
Good
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