1861 NW North River Dr # 3, Miami FL 33125 | Miami-Dade County | A11984365
  • $459,900

Description

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.

Property Overview

This two-story penthouse at Terrazas Miami offers a rare layout for a one-bedroom unit, with 1,347 square feet of living space spread across two levels. The loft-style design features soaring ceilings and a sense of openness that makes the space feel larger and more private than a typical one-story condo. The layout includes a separate den and two full bathrooms, offering flexibility for both personal use and rental. Currently leased at $3,150 per month, the unit is generating steady income and could appeal to investors looking for a high-yield asset in a well-managed building. Located just minutes from Brickell, Downtown Miami, and Miami International Airport, the property is in a prime location for both convenience and accessibility. Terrazas Miami offers resort-style amenities including a pool, fitness center, and 24-hour security, with direct access to the Miami River. The building is in a central part of the city, making it an attractive option for those who want to be close to the action without sacrificing comfort. The HOA fee is $1,409, and the unit is listed for $459,900.

Frequently Asked Questions

How many bedrooms and bathrooms does this unit have?

This unit features 1 bedroom and 2 full bathrooms.

What is the total square footage of the unit?

The unit has a total living area of 1,347 square feet.

What is the monthly HOA fee?

The monthly HOA fee is $1,409.

Is the unit currently occupied or available?

The unit is currently leased at $3,150 per month.

What amenities does Terrazas Miami offer?

Terrazas Miami offers riverfront access, a pool, a fitness center, and 24-hour security.

What is the asking price for this penthouse?

The asking price is $459,900.

Monthly Fees & Carrying Costs

Association Fee $1,409 / month
Total Monthly Fees $1,409 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

  • Address: North River Dr
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33125
  • Area: TERRAZAS RIVERPARK VILLAG, TERRZAS MIAMI

Details

Updated on July 9, 2026 at 7:56 pm
  • Property ID A11984365
  • Price $459,900
  • Property Size 1144 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 2
  • Garage 1
  • Year Built 2010
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Waterfront Features River
  • Bedroom Features Primary Bath Tub, Primary Bedroom Upstairs, Studio
  • Cooling Central Air
  • Association Type Homeowners
  • Building TERRZAS MIAMI
  • Association Fee Frequency Monthly
  • Area Terrazas Riverpark Villag
  • Annual Tax 7932
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront Yes
  • Full Bathrooms 2
  • Subdivision TERRAZAS RIVERPARK VILLAG,TERRZAS MIAMI
  • Total Stories 27
  • Restrictions Corporate Buyer OK, Ok To Lease
  • Amenities Business Center, Elevator(s), Exercise Room, Exterior Lighting, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Parking 1 Space, Guest, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Building Area 1144
  • Covered Spaces 1
  • Middle School Citrus Grove
  • Unit Floor 27
  • View Garden View, Other View, River
  • Year Built Details Resale
  • High School Miami Jackson
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 3
  • Inclusions None
  • Half Bathrooms 0
  • Flood Zone X
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 1409
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

Mortgage Calculator

Schedule a Tour

Tour Type

Contact Information

View Listings
Christopher Lazaro

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare