Condominium
1861 NW North River Dr # 3
1861 NW North River Dr # 3, Miami FL 33125 Get directions
$445,900
1 Bed · 2 Baths · 1,144 SqFt
See estimated monthly costThis listing is courtesy of Premier Global Brokers, LLC. Jose Lorenzo
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 1,144
- Full bathrooms
- 2
- First Floor Entry
- Fire Sprinklers
- Pantry
- Skylight
- Walk-In Closet(s)
- Den/Library/Office
Building & exterior
- Year built
- 2010
- Garage spaces
- 1
- Covered spaces
- 1
- Waterfront
- Yes
- Garden View
- Other View
- River
- Barbeque
- Open Balcony
- 1 Space
- Guest
- Limited # Of Vehicle
- No Rv/Boats
- No Trucks/Trailers
HOA (homeowners association)
- Association fee
- $1,409 per month
- Pets allowed
- Yes
- Business Center
- Elevator(s)
- Exercise Room
- Exterior Lighting
- Pool
- Sauna
- Spa/Hot Tub
- Trash Chute
- Corporate Buyer OK
- Ok To Lease
- Maximum 20 Lbs
Taxes
- Annual tax
- $7,932
- Tax year
- 2025
- Parcel number
- 01-31-34-124-2050
Assigned schools
- Middle
- Citrus Grove
- High
- Miami Jackson
Listing
- MLS number
- A11984365
- Property type
- Condominium
- Price per SqFt
- $390
- Subdivision
- TERRAZAS RIVERPARK VILLAG,TERRZAS MIAMI
- On market since
- Mar 17, 2026
- Days on market
- 160
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Mar 17, 2026 | Listed | $459,900 | — |
| Aug 24, 2026 | Price change | $445,900 | −$14,000 (−3.0%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$4,659 per month
- Principal & interest (30 yr)
- $2,255
- Property tax
- $661
- Insurance (estimated)
- $334
- Association fee
- $1,409
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Allapattah Wynwood Childcare School
- Allapattah Wynwood Jardin Infantil
- Lincoln-Marti Schools #14 - 14th St
- Easterseals Academy - Autism School
- Early Beginnings Academy Civic Center
- Diamond Minds
- United Cerebral Palsy Early Beginnings
- Lincoln-Marti Schools - 13th Ct
- Lincoln Marti Community Agency 22
- Watch Me Grow Learning Center I
- Citrus Grove K-8 Center
- Debbie School UM
- Carousel Learning Academy
- Comstock Elementary
- Citrus Grove K-8 Center
Similar homes nearby
Active listings within two miles, with a comparable size and price.
1740 NW N River Dr # 120, Miami FL 33125
$550/mo HOA
Coldwell Banker Realty
1740 NW North River Drive # 329, Miami FL 33125
$420/mo HOA
Highlight Realty Corp
1740 NW N River Dr # 626, Miami FL 33125
$550/mo HOA
One Sotheby's International Realty
1740 NW N River Dr # 614, Miami FL 33125
$650/mo HOA
3D Tour
Luxe Properties
1720 NW N River Dr # 607, Miami FL 33125
$764/mo HOA
Lumer Real Estate
1700 NW N River Dr # 805, Miami FL 33125
$807/mo HOA
EXP Realty LLC
1810 NW 16th Ter, Miami FL 33125
3D Tour
Douglas Elliman
1901 NW S River Dr # 30C, Miami FL 33125
$560/mo HOA
Price cut: $25,100 (−6.1%)
Padilla Real Estate Group
Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.