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.
Listing Provided Courtesy of Premier Global Brokers, LLC at 786-539-5473
Property Details
Price:
$429,900
MLS #:
A11984365
Status:
Active
Beds:
1
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
TERRAZAS RIVERPARK VILLAG
Neighborhood:
2310
Listed Date:
Mar 17, 2026
Finished Sq Ft:
1,144
Total Sq Ft:
1,144
Year Built:
2010
See this Listing
Schools
Elementary School:
Citrus Grove (Miami-Dade)
Middle School:
Citrus Grove
High School:
Miami Jackson
Interior
Appliances
Disposal, Electric Range, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Central
Interior Features
Pantry, Walk-In Closet(s)
Laundry Features
Washer Hookup, Dryer Hookup
Exterior
Association Amenities
Maintenance, Pool, Business Center, Elevator(s), Fitness Center, Management, Parking, Sauna, Spa/Hot Tub, Trash Chute
Attached Garage YN
1
Community
55+
Construction Materials
Block
Covered Spaces
1
Exterior Features
Balcony, Barbecue, Lighting
Garage Spaces
1
Open Parking Spaces
1
Parking Features
Attached, Attached Garage, Garage, Guest
Security Features
Elevator Secure, Fire Sprinkler System, Security Fence, Security Guard, Smoke Detector(s)
Senior Community YN
1
View
River, Garden, Other
Waterfront Features
None, River Front
Window Features
Skylight(s)
Financial
HOA Fee
$1,409
HOA Fee Frequency
Monthly
HOA Includes
Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Hot Water, Insurance, Internet, Maintenance Structure, Reserve Funds, Security, Sewer, Trash, Water
Tax Year
2025
Taxes
$7,932
Map
Community
- Address1861 N River Drive 3 Miami FL
- SubdivisionTERRAZAS RIVERPARK VILLAG
- CityMiami
- CountyMiami-Dade
- Zip Code33125
Market Summary
Property Summary
- Located in the TERRAZAS RIVERPARK VILLAG subdivision, 1861 N River Drive 3 Miami FL is a Condo for sale in Miami, FL, 33125. It is listed for $429,900 and features 1 beds, 2 baths, and has approximately 1,144 square feet of living space, and was originally constructed in 2010. The current price per square foot is $376. The average price per square foot for Condo listings in Miami is $693. The average listing price for Condo in Miami is $981,651.
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