Price Check
How this price compares
- List price
- $435,900
- Price per sq ft
- $381
- Vs. nearby sales
- In line
- Days on market
- 203
This 1-bedroom condo in Terrazas Riverpark Villag is listed at $435,900, or $381 per square foot. The asking price has come down 5.2% from its original $459,900. It has been on the market for 203 days. The 6 most recent condo sales in the closings shown below sold at a median of $380 per square foot, so the asking price is in line with what comparable homes here actually sold for.
Estimated monthly payment
$2,291 /mo
Principal and interest only, based on $87,180 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,409/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $435,900
- Days on Site
- 203 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,144 sqft
- Total Sq Ft
- 1,144 sqft
- Year Built
- 2010
- Property Type
- Condo
- MLS #
- A11984365
- Property Tax
- $7,932 (2025)
- HOA Fees
- $1,409 / Monthly
- Subdivision
- TERRAZAS RIVERPARK VILLAG
- Development
- TERRZAS MIAMI
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2010
- Property Condition
- Resale
- Number of Stories
- 27
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage / Guest
- Living Sq Ft
- 1,144
- Total Sq Ft
- 1,144
Interior Features
- Appliances
- Electric Range / Disposal / Microwave / Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bathtub / Family Dining Room / Pantry / Soaking Tub / Separate Shower / Upper Level Primary / Walk In Closets
- Laundry
- Washer Hookup / Dryer Hookup
- Windows
- Skylights
- Total Rooms
- 1
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Barbecue / Lighting / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront Features
- None / River Front
- View
- Garden / Other / River
Community & HOA
- HOA Fee
- $1,409 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Hot Water / Insurance / Internet / Maintenance Structure / Pools / Recreation Facilities / Reserve Fund / Sewer / Security / Trash / Water
- Association Amenities
- Business Center / Fitness Center / Maintenance Grounds / Management / Pool / Parking / Sauna / Spa Hot Tub / Trash / Elevators
- Community Features
- Home Owners Association
- Security
- Elevator Secured / Fire Sprinkler System / Smoke Detectors / Security Fence / Security Guard
- Pets Allowed
- Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Limited Number Vehicles / No Truck / No Trailer Parking / Other Restrictions / Ok To Lease
- MLS Area
- 2310
This home's HOA fee works out to $1,409 a month, 18% above the $1,191 median across 19 homes for sale in Terrazas Riverpark Villag. See Terrazas Riverpark Villag HOA fees
Schools
- Elementary School
- Citrus Grove (Miami-Dade)
- Middle School
- Citrus Grove
- High School
- Miami Jackson
About the Community
Terrazas Riverpark Village is a waterfront condominium in Miami, built in 2010 along the Miami River near downtown. Its residences range from around $239,000 to $750,000, with a median near $375,000, covering one- and two-bedroom layouts. The building offers a riverfront setting and standard resort-style amenities, and its location keeps residents close to Brickell, the health district, and downtown Miami.
- Homes for Sale
- 19
- Median List Price
- $360,000
- Median $/Sq Ft
- $385
- Avg Days on Market
- 155
Frequently Asked Questions
- How do I schedule a tour of 1861 N River Drive 3, Miami, FL 33125?
- Use the Tour button on this listing to request a showing of 1861 N River Drive 3, Miami, FL 33125. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1861 N River Drive 3, Miami, FL 33125 still available?
- 1861 N River Drive 3, Miami, FL 33125 is currently listed as Active, and has been on the market 203 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1861 N River Drive 3, Miami, FL 33125?
- With 20% down ($87,180) on the $435,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1861 N River Drive 3, Miami, FL 33125 is about $2,291/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1861 N River Drive 3, Miami, FL 33125?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1861 N River Drive 3, Miami, FL 33125. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1861 N River Drive 3, Miami, FL 33125 have an HOA fee?
- Yes: 1861 N River Drive 3, Miami, FL 33125 carries an HOA fee of about $1,409 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1861 N River Drive 3, Miami, FL 33125?
- 1861 N River Drive 3, Miami, FL 33125 is zoned for Citrus Grove (Miami-Dade) (elementary), Citrus Grove (middle), Miami Jackson (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1861 N River Drive 3, Miami, FL 33125?
- Often, yes. The right offer on 1861 N River Drive 3, Miami, FL 33125 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Premier Global Brokers, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$435,900
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Jose E Lorenzo, Premier Global Brokers, LLC
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in Terrazas Riverpark Villag
These are the last 6 recorded closings in Terrazas Riverpark Villag, with the price each home actually sold for rather than what it was listed at. They closed at a median of $389 per square foot. The most recent closed on August 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$370,000
Sold · August 15, 2026
1861 S River Drive 705
2 bed · 2 bath · 1,022 sqft · $362/sqft
$49,000 under the asking price
Sold$355,000
Sold · May 20, 2026
1871 S River Drive 1407
2 bed · 2 bath · 887 sqft · $400/sqft
$30,000 under the asking price
Sold$379,000
Sold · May 20, 2026
1861 S River Drive 1005
2 bed · 2 bath · 1,022 sqft · $371/sqft
$20,000 under the asking price
Sold$290,000
Sold · April 27, 2026
1871 S River Drive 1506
1 bed · 2 bath · 804 sqft · $361/sqft
$5,000 under the asking price
Sold$265,000
Sold · February 23, 2026
1861 NW S River Drive 1002
1 bed · 1 bath · 670 sqft · $396/sqft
$15,000 under the asking price
Sold$390,000
Sold · January 31, 2026
1861 NW S River Drive 1410
2 bed · 2 bath · 1,002 sqft · $389/sqft
$9,000 under the asking price
See every recorded sale in Terrazas Riverpark Villag or find out what your Terrazas Riverpark Villag home is worth.
