Waterfront Community · Miami, FL
Terrazas Riverpark Villag Miami, FL Homes For Sale & Real Estate
Terrazas Riverpark Villag, Miami, FL, is a waterfront community in Miami-Dade County with 19 homes for sale right now. Terrazas Riverpark Village is a waterfront condominium in Miami, built in 2010 along the Miami River near downtown.
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Market Overview
Terrazas Riverpark Villag real estate market
There are 19 active listings for sale in Terrazas Riverpark Villag right now. The median list price is $360,000, or about $385 per square foot. Listings span $299,000 to $645,000, so there is inventory across most budgets. Homes are averaging 155 days on market. These figures update from the MLS as the market moves.
Terrazas Riverpark Villag Market Stats
MLS data updated October 9, 2026- Active Listings
- 19
- Median List Price
- $360,000
- Median $/Sq Ft
- $385
- Avg Days on Market
- 155
- Price Range
- $299,000 to $645,000
Frequently Asked Questions
- Where is Terrazas River Park located?
- Terrazas River Park is a waterfront condominium on the Miami River in Miami, Miami-Dade County. The river setting keeps it close to downtown, Brickell, Little Havana, and Miami International Airport while offering a quieter feel than the oceanfront neighborhoods to the east. Pure Equity can confirm the exact address and nearest cross streets for any unit you are considering.
- How much do condos at Terrazas River Park cost?
- As of the current market, active listings at Terrazas River Park run from about $299,000 to roughly $680,000, with a median near $379,000 and pricing around $396 per square foot. Where a specific unit lands depends on its floor, size, river exposure, and interior condition. Prices move with the market, so ask Pure Equity for today's numbers.
- When was Terrazas River Park built?
- The building was completed around 2010, which makes it relatively modern by Miami-Dade standards. That vintage usually means more open layouts and contemporary systems than the older stock nearby, and most major building components are past their early years but not yet end of life. We can share the specific building records for any unit.
- Does Terrazas River Park allow rentals?
- Leasing rules are set by the condominium association and can include minimum lease terms and limits on how often a unit may be rented. Rather than assume, Pure Equity pulls the current governing documents and confirms the leasing and pet policies in writing before you rely on them, which matters if you plan to rent the home or hold it as an investment.
- What should I check before buying at Terrazas River Park?
- Review the association budget, reserve funding, any milestone or structural inspection reports, and any special assessments, since these drive your real cost of ownership in a waterfront building. Also confirm leasing and pet rules and the insurance picture for wind and flood. Pure Equity walks through each of these documents with you before you commit.
- Is Terrazas River Park a good option for first-time buyers?
- It can be. The price range starts well below Miami's beachfront towers, so the entry point is more attainable, and the median near $379,000 means most inventory sits in a mid-range band. Whether it fits depends on your budget, financing, and how you plan to use the home. We are glad to compare it against other buildings so you can decide with full information.
- How many homes are for sale in Terrazas Riverpark Villag?
- There are 19 active listings for sale in Terrazas Riverpark Villag right now, and these counts update from the MLS as homes come on the market and go under contract. Prices cluster fairly closely, with the top of the market about 2.2 times the entry level. Ask us to set up a search alert and you will see new Terrazas Riverpark Villag listings the day they reach the market.
- What is the median home price in Terrazas Riverpark Villag?
- The median list price in Terrazas Riverpark Villag is $360,000, or roughly $385 per square foot. The median is the midpoint of what is currently listed, so about half of Terrazas Riverpark Villag homes ask more and half ask less, within a broader range of $299,000 to $645,000. The median sits in the lower part of that range, so most Terrazas Riverpark Villag homes are nearer the entry level and a few high-end listings pull the top up. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in Terrazas Riverpark Villag cover?
- Homes for sale in Terrazas Riverpark Villag currently range from about $299,000 at the entry level to $645,000 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $360,000. The spread is moderate, so there is real choice here without the extremes some markets show. Tell us your budget and must-haves and we will send the Terrazas Riverpark Villag listings that actually fit.
- How long do homes take to sell in Terrazas Riverpark Villag?
- Homes in Terrazas Riverpark Villag are averaging 155 days on market, measured from the day a listing goes live to the day it goes under contract. That is a slow pace, so sellers here should expect to price carefully and buyers often have time to compare before committing. Days on market in Terrazas Riverpark Villag also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
- Are there waterfront homes in Terrazas Riverpark Villag?
- Yes. Terrazas Riverpark Villag includes waterfront homes with canal, lake, or Intracoastal frontage.
About Terrazas Riverpark Villag
Terrazas Riverpark Villag, Miami, FL, is a waterfront community in Miami-Dade County with 19 homes for sale right now. 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.
Terrazas River Park is a modern condominium set along the Miami River in Miami, Miami-Dade County, and it fills a useful spot in the local market for buyers who want a waterfront address without a luxury-tower price. Recent listings here run from about $299,000 to roughly $680,000, with a median close to $379,000 and pricing that works out to around $396 per square foot as of the current market. That range covers a lot of ground for one building, so it tends to draw first-time owners, downsizers, and people relocating to Miami who still want to be near the water. The river setting gives the building a quieter feel than the beach corridors a few miles east, while keeping you close to downtown, Brickell, and the airport. Twenty-three units are active at the moment, which is a healthy amount of choice for a single condominium and gives buyers room to compare floor plans, views, and price points. Because the pool of listings shifts week to week, Pure Equity tracks new inventory as it comes on so you can move when the right unit appears. If you are researching Terrazas River Park as a place to live or hold, the price data here is a fair starting point for setting expectations.
The verified detail buyers can count on is location: Terrazas River Park sits directly on the Miami River, so water frontage is the building's defining feature rather than a marketing angle. Completed around 2010, it is a relatively modern building by Miami-Dade standards, which matters for construction systems, layouts, and the kind of updates you can expect inside individual units. Homes along a working river like this one typically offer water and city views depending on the line and floor, and the newer vintage usually means more open living areas and contemporary finishes than you would find in the older beach stock nearby. Because the building is roughly fifteen years old, most of its major systems are past the break-in period but not yet at the end of their service life, which is a reasonable place to be for a resale buyer. Pure Equity can pull the specific line, floor, and exposure for any unit you are considering so you know whether you are getting a direct river view or a partial one. Views, ceiling heights, and finishes vary from residence to residence, so it pays to see units in person rather than assume they match. We stick to what the listing and building records confirm rather than guessing at features.
Floor plans at Terrazas River Park span a wide band, and the roughly $299,000 to $680,000 spread tells you the building holds everything from compact one-bedroom homes to larger multi-bedroom layouts. At the lower end you are generally looking at efficient one- or two-bedroom residences that suit a single buyer, a couple, or someone who wants a Miami base without a large footprint. The higher listings usually reflect bigger square footage, better river exposure, or upgraded interiors. That mix makes the building work for several kinds of owners: people who plan to live here full time, seasonal residents who want a lock-and-leave place near downtown, and buyers looking at it as a long-term hold. Investors sometimes look at buildings in this price band because the entry point is lower than the beachfront towers, though any rental plan should be checked against the association's leasing rules before you count on it. Pure Equity can match your budget and use case to the lines that actually fit, rather than showing you everything at once. Because the median sits near $379,000, most of the active inventory clusters in the middle of that range, so a buyer with a mid-range budget usually has the most to choose from. We will confirm bedroom counts and sizes per unit from the listing record.
Riverfront condominium living in Miami usually comes with a shared amenity package, and buildings of this size and era commonly include features such as a pool deck, a fitness room, secured parking, and controlled building access. Rather than list specific amenities as fact, Pure Equity confirms exactly what Terrazas River Park offers from the current association documents and the individual listing, since features can differ from what a buyer assumes. What the location clearly delivers is proximity: the Miami River corridor puts you within a short drive of Brickell, downtown Miami, Little Havana, and Miami International Airport, so commuting and travel are straightforward. The river itself is part of the appeal, with boat traffic, waterfront restaurants, and a calmer pace than the oceanfront neighborhoods. Depending on the exact block, some errands are walkable while others call for a car, which is typical for this part of Miami. For buyers who want water views and a central position without paying beach-tower prices, this stretch of the river is a practical choice. If boating matters to you, ask about any dockage or water-access arrangements tied to the building, since those vary and should be verified rather than assumed. We will walk you through the neighborhood in person so you can judge the daily-life fit for yourself before making an offer.
Before you commit to any unit at Terrazas River Park, the association's finances and rules deserve a close read, and this is where Pure Equity spends real time on your behalf. Monthly dues vary by line and unit size, so we pull the current budget rather than quote a single figure, and we look at how the association funds its reserves. Florida's condominium laws now require milestone structural inspections and reserve studies for buildings of a certain age and height, and a roughly 2010 building near the water may fall under those requirements over time, so we ask for the latest inspection and reserve report and read what they say. Special assessments, pending or completed, are part of that review because they affect your true cost of ownership. Leasing, pet, and rental-frequency rules also differ from building to building, so if you plan to rent the unit or bring a pet, we confirm the current policy in writing before you rely on it. The reserve study matters especially for a waterfront building, since coastal exposure can accelerate wear on structural and mechanical systems. None of this is meant to discourage you; it is the ordinary diligence that protects a buyer. We would rather surface a budget or reserve issue early than have it surprise you after closing.
Buying or selling in a coastal Miami condominium also means thinking about insurance, and Terrazas River Park is no exception. Waterfront and near-water buildings carry wind and flood considerations, and coverage terms, deductibles, and premiums can vary from one unit or line to another, so verify what applies to the specific home rather than assuming a building-wide number. The association typically carries a master policy for the structure and common areas, while owners handle their own interior and contents coverage; Pure Equity helps you understand where that line falls before you close. For sellers, pricing against the building's real range, currently about $299,000 to $680,000, and presenting clean association documents tends to shorten time on market and reduce buyer pushback. For buyers, moving with good information and financing lined up matters when inventory is limited to a couple dozen active units. As of the current market there is a reasonable selection at Terrazas River Park, but the specific mix of floors, views, and price points changes regularly. If you want to see what is available now, or you own a unit and are weighing a sale, reach out to Pure Equity and we will give you current numbers and honest guidance for this building on the Miami River. We are happy to start with a no-pressure conversation.
Homes & Architecture
Homes for sale in Terrazas Riverpark Villag
Homes for sale in Terrazas Riverpark Villag offer 1 to 3 bedrooms and 2 to 3 baths. Living areas run from about 803 to 1,699 square feet. The mix here includes condo and townhouse homes. Current prices run from $299,000 to $645,000.
Schools
Schools near Terrazas Riverpark Villag
Homes for sale in Terrazas Riverpark Villag are typically zoned for the Miami public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- Citrus Grove (Miami-Dade)
- Middle School
- Citrus Grove
- High School
- Miami Jackson
HOA
Terrazas Riverpark Villag HOA fees
- Median HOA fee
- $1,191/mo
- Typical range
- $1,039 to $1,343
- Lowest to highest
- $989 to $2,093
- Listings with a fee
- 19 of 19
Across the 19 homes for sale in Terrazas Riverpark Villag that list an HOA fee, the median is $1,191 a month. Half of them fall between $1,039 and $1,343. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
The fee most often covers water, sewer, trash pickup, common areas, hot water and pest control. Coverage differs from one building or section to the next, so read what a specific listing includes before comparing it with another.
Listings here most often mention fitness center, pool, business center, picnic area, sauna and elevators.
18 of the 19 listings that state a pet policy allow pets, often with limits.
From current MLS listings in Terrazas Riverpark Villag; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
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.
Market & Value
Terrazas Riverpark Villag market and home values
Values in Terrazas Riverpark Villag track the community's own sales more closely than any broad regional number. The median list price in Terrazas Riverpark Villag is around $360,000, or roughly $385 per square foot. That sits about 40% below the Miami-Dade County median, which shows where Terrazas Riverpark Villag lands in the local market. Recent asking prices have run from $299,000 to $645,000, so the home you choose within Terrazas Riverpark Villag matters as much as the community average. Homes here have recently taken about 155 days to go under contract, a useful gauge of how quickly the Terrazas Riverpark Villag market is moving. For pricing an offer or a listing, comparable sales within Terrazas Riverpark Villag carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in Terrazas Riverpark Villag so you work from real numbers, not an estimate.
How It Compares
Terrazas Riverpark Villag compared to nearby Miami communities
Terrazas Riverpark Villag sits 6 of 7 on median price among these Miami communities. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Aston Martin Residences | 45 | $3,250,000 | $1,571 | 243 |
| Rise | 43 | $1,099,900 | $856 | 134 |
| Paramount Miami Worldcent | 65 | $935,000 | $671 | 264 |
| Icon Brickell | 61 | $770,000 | $763 | 198 |
| Icon Brickell | 43 | $770,000 | $821 | 174 |
| Terrazas Riverpark Villag this page | 19 | $360,000 | $385 | 155 |
| Opera Tower | 46 | $340,000 | $478 | 186 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is Terrazas Riverpark Villag right for you?
A quick read on who fits Terrazas Riverpark Villag saves time before you visit. Terrazas Riverpark Villag appeals to boaters and buyers who want to be on the water, whether a canal, lake, or the Intracoastal. Waterfront homes carry their own insurance and maintenance considerations, so factor wind and flood coverage into the budget from the start. On price, Terrazas Riverpark Villag lands in the middle of the market, a common fit for move-up buyers and full-time residents. Whether Terrazas Riverpark Villag is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in Terrazas Riverpark Villag
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage.
Location
Terrazas Riverpark Villag location
Terrazas Riverpark Villag is located in Miami, part of Miami-Dade County, Florida. The Miami area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in Terrazas Riverpark Villag
Buying a home in Terrazas Riverpark Villag
Buying in Terrazas Riverpark Villag follows the same path as the rest of Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami means you see new listings in Terrazas Riverpark Villag the day they reach the market.
Selling in Terrazas Riverpark Villag
Selling a home in Terrazas Riverpark Villag
A successful sale in Terrazas Riverpark Villag comes down to pricing, presentation, and marketing. List prices in Terrazas Riverpark Villag currently center around $360,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Terrazas Riverpark Villag owners in Miami, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Terrazas Riverpark Villag home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in Terrazas Riverpark Villag.
Listing agents and seller representation in Terrazas Riverpark Villag
Thinking about selling in Terrazas Riverpark Villag? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in Terrazas Riverpark Villag sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 155 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving Terrazas Riverpark Villag. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Miami · what does a listing agent actually do? · selling a house with code violations
Realtors and real estate agents serving Terrazas Riverpark Villag
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in Terrazas Riverpark Villag is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: does a busy street lower your home value? · how much is my house worth in South Florida? · selling a condo or HOA home
Buyer's agents in Terrazas Riverpark Villag
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in Terrazas Riverpark Villag, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · cash offer or financed offer? · when a sale falls through
Buying Instead?
Search Terrazas Riverpark Villag with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in Terrazas Riverpark Villag?
Ask any listing agent you interview two questions. Which homes have they closed near Terrazas Riverpark Villag, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $360,000 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in Terrazas Riverpark Villag?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in Terrazas Riverpark Villag, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in Terrazas Riverpark Villag?
You are not legally required to use one, but most buyers in Terrazas Riverpark Villag do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up Terrazas Riverpark Villag property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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