What is the asking price and what does it include?

The list price for 1861 NW S River Dr # 705, Miami FL 33125 is $419,000. The property is a Condominium with 2 bedrooms, 2 bathrooms, approximately 1022 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 1861 NW S River Dr # 705, Miami FL 33125 in Miami, 33125. Coordinates are approximately 25.7851926, -80.2259013. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 419,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 1861 NW S River Dr # 705, Miami FL 33125.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
Condominium
1861 NW S River Dr # 705, Miami FL 33125 | Miami-Dade County | A11987581

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1861 NW S River Dr # 705, Miami FL 33125 | Miami-Dade County | A11987581

1861 NW S River Dr # 705, Miami FL 33125

Residential Active

$419,000

17 More

Type
Condominium

2
Bedrooms

2
Bathrooms

2
Garages

1022 Square Feet
Area Size

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Residential Active

1861 NW S River Dr # 705, Miami FL 33125 | Miami-Dade County | A11987581

1861 NW S River Dr # 705, Miami FL 33125

$419,000

Description

Stunning corner unit with 2 beds / 2 baths and oversized terraces that truly elevate indoor-outdoor living. Enjoy abundant natural light, refreshing cross-breezes, and plenty of space to relax or entertain. A perfect blend of comfort, space, and Miami-style living. Unit is owner occupied and includes 2 parking spaces.

Address

Open on Google Maps

Address: S River Dr
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33125
Area: TERRAZAS RIVERPARK VILLAG

Details

Updated on June 1, 2026 at 5:19 pm

Property ID A11987581
Price $419,000
Property Size 1022 Square Feet
Bedrooms 2
Bathrooms 2
Garages 2
Year Built 2010
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle Corner Unit, High Rise
AssociationAmenities Barbecue, Business Center, Exercise Room, Pool, Sauna
AssociationFee 1259
AssociationFeeFrequency Monthly
BathroomsFull 2
BathroomsHalf 0
BuildingAreaTotal 1022
BuildingAreaUnits Square Feet
BuildingName TERRAZAS RIVERPARK
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-03-23
Cooling Central Air
CoveredSpaces 2
DaysOnMarket 70
DoorFeatures High Impact Doors
EntryLevel 7
ExpirationDate 2026-09-01
Flooring Ceramic Floor
Heating Central
HighSchool Miami Jackson
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-506-5916
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Terrazas Riverpark Villag
MajorChangeTimestamp June 1, 2026 at 01:51pm
MajorChangeType Price Decrease
MiddleOrJuniorSchool Citrus Grove
MlsStatus Active
ModificationTimestamp June 1, 2026 at 01:51pm
OnMarketDate 2026-03-23
OriginalEntryTimestamp March 23, 2026 at 03:38pm
OriginalListPrice 435000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-34-124-0930
ParkingFeatures 2 Or More Spaces, Assigned, Covered
PatioAndPorchFeatures Open Balcony, Patio
PetsAllowed Maximum 20 Lbs
PhotosChangeTimestamp March 23, 2026 at 03:42pm
PhotosCount 22
Possession Funding
PostalCode 33125
PreviousListPrice 435000
PriceChangeTimestamp June 1, 2026 at 01:51pm
PublicSurveyRange 31
PublicSurveySection 34
PublicSurveyTownship 31
RoomsTotal 0
SecurityFeatures Smoke Detector, Fire Alarm, Secured Garage/Parking, Guard At Site, Lobby Secured, Private Guards, TV Camera
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent
SourceSystemKey 445078499
StateOrProvince FL
StatusChangeTimestamp March 23, 2026 at 03:38pm
StoriesTotal 27
StreetDirPrefix NW
StreetName S River Dr
StreetNumber 1861
StreetNumberNumeric 1861
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Stunning corner unit with 2 beds / 2 baths and oversized terraces that truly elevate indoor-outdoor living. Enjoy abundant natural light, refreshing cross-breezes, and plenty of space to relax or entertain. A perfect blend of comfort, space, and Miami-style living. Unit is owner occupied and includes 2 parking spaces.
TaxAnnualAmount 4456
TaxLegalDescription TERRAZAS RIVERPARK VILLAGE CONDO UNIT RIVER 705 UNDIV 0.3146926% INT IN COMMON ELEMENTS OFF REC 27230-3956
TaxYear 2025
UnitNumber 705
View River
WindowFeatures High Impact Windows
YearBuiltDetails Unknown