$429,900
1 bd · 2 ba · 1,144 sq ft · Condominium
1861 NW North River Dr # 3, Miami FL 33125
For Sale · Active listing
Est. payment $2,362/mo · Mortgage calculator
Listed by Premier Global Brokers, LLC / Jose Lorenzo
Contact: 954-549-8884 (listing contact).
Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.
About this home
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
- MLS #
- A11984365
- Subdivision
- TERRAZAS RIVERPARK VILLAG,TERRZAS MIAMI
- Property type
- Residential
- Property subtype
- Condominium
- Sq. ft.
- 1,144
- Price per sq. ft.
- $376 / sq ft
- Year built
- 2010
- Days on market
- 214
- County
- Miami-Dade County
- Date listed
- Mar 17, 2026
- Last updated
- Oct 17, 2026
Financial considerations
- HOA fee
- $1,409 monthly
- Taxes
- $7,932 (2025)
- HOA amenities
- Business Center, Elevator(s), Exercise Room, Exterior Lighting, Pool, Sauna, Spa/Hot Tub, Trash Chute
Exterior features
- Waterfront
- Yes
- View
- Garden View, Other View, River
- Construction
- Concrete Block Construction
- Additional features
- Barbeque, Open Balcony
Interior features
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Disposal, Microwave, Electric Range, Refrigerator
- Window features
- Skylight, Impact Glass
- Additional features
- First Floor Entry, Fire Sprinklers, Pantry, Skylight, Walk-In Closet(s), Den/Library/Office
Additional features
- Pets allowed
- Maximum 20 Lbs
- Security
- Fire Sprinklers, Smoke Detector, Complex Fenced, Elevator Secure, Guard At Site
Mortgage calculator
Includes principal and interest, taxes and insurance.
Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.
Local context (our analysis)
Area stats are available for our covered neighborhoods. See neighborhoods.
Source: Southeast Florida MLS (SEFMLS). Last updated Oct 17, 2026, 5:32 PM ET
Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.