+14 more
About This Unit
Excellent investment opportunity. Spacious 2-bedroom 2-bathroom apartment with an open balcony at the Miami River with view into the greenery. Comfortable split floor plan with ample-sized bedrooms and spacious closets. Full-size washer and dryer in the unit. 1 assigned garage parking space. Nestled in a quiet gated community with 24 hours security guard. Easy access to Miami International Airport, River Landing shops and 836 Expressway. A perfect blend of urban convenience and riverside tranquility in this prime Miami location. Unit was rented at $2,450 per month until July 2025 (6% cap rate) - now vacant for the convenience of any type of buyers.
Pricing at River Run — $306/sqft
River Run Unit 303-1 is listed at $306/sqft.
Insider Negotiation Strategy: 2BR units at River Run typically close at 77.9% of asking. At that ratio, this unit could plausibly trade around $206,488.
Based on live MIAMIRE active & closed listings at River Run.
Time on Market — 219 days
River Run Unit 303-1 has been on the market for 219 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $297,000. Reduced to $265,000 on Mar 5, 2026 (after 220 days on market) — -10.8% (−$32,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,439
HOA
$575
Property Tax
$345
Total / mo
$2,359
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.56%.
HOA $0.66/sqft · All-in $2.73/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at River Run.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at River Run
UnitListSqft$/sqftDOM
#303-1
$265,000
865
$306
219
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- River Run South Condo is a 6-story low-rise at 2415 16th St Rd, Miami, FL 33125, built 2006. Currently 3 active listings on the market, with active asking prices ranging up to $292K.
- Neighborhood: Miami. This building sits within the Miami-Dade luxury condo market -- one of the most active and internationally-oriented condominium markets in the United States.
- Buyer profile here: Diverse buyer mix -- primary residents, second-home owners, international ownership.
- Built 2006 -- recertification trigger in 5 years.
- Value-tier inventory with active asking prices up to $292K.
- At 6 stories, River Run South Condo is low-rise scale -- fewer total units typically means a more intimate building feel.
- Compared anchor: Different Miami sub-areas have very different characters; ask Ricky about the specific block-by-block context for this address.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Florida SB 4-D structural recertification applies at 25 years (coastal) and 30 years (inland), with mandatory reserve studies for all condo associations.
- Ricky has worked the Miami market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 2006 (20 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Nov 2022 for $260,000 — held 3 years. They’re now asking $265,000 — +1.9% (+$5,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Nov 2022 | $260,000 | arm’s-length |
| May 2006 | $200,000 | arm’s-length |
| Jan 2006 | $198,900 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.574126% of the building’s common elements. County living area: 865 sqft.
Building: River Run
Unit: 303-1
Year Built: 2006
Stories: 6
City: Miami
Postal Code: 33125
HOA Fee: $575 / Monthly
View: Other View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 219
Listed: July 29, 2025
MLS #: A11849052
Location
Listing courtesy of: LPT Realty, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11849052
• Updated Mar 5, 2026
