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1861 North River Dr, Unit 3
+35 more
$460K

Terrazas River Park Unit 3

1861 North River Dr, Unit 3 • Miami, FL 33125

at Terrazas River Park

Beds
1
Baths
2
Living Area
1,144 SF
Price / SF
$402
HOA / Monthly
$1,409
Days on Market
0

About This Unit

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.

Pricing at Terrazas River Park — $402/sqft
Terrazas River Park Unit 3 is listed at $402/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Terrazas River Park.
Time on Market — 0 days
Terrazas River Park Unit 3 has been on the market for 0 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$2,497
HOA
$1,409
Property Tax
$661
Total / mo
$4,567
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.72%. HOA $1.23/sqft · All-in $3.99/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at Terrazas River Park.

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That's (305) 337-4259 • Available 7 days a week
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 2010 (16 years old).
Verify all of the above with the HOA before closing.
Unit: 3
Year Built: 2010
Stories: 27
City: Miami
Postal Code: 33125
HOA Fee: $1,409 / Monthly
View: Garden View, Other View, River
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: March 17, 2026
MLS #: A11984365

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Premier Global Brokers, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11984365 • Updated Mar 18, 2026 • Photos uploaded 42 days ago.