33
  • Type
  • Condominium
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 948 Sq Ft
  • Area Size
1861 NW S River Dr # 1504, Miami FL 33125 | Miami-Dade County | A11753807
  • $345,000

Description

Enjoy stunning river and city views from this beautiful 2-bedroom, 2-bath condo at Terrazas Riverpark. This modern unit features an open-concept layout with floor-to-ceiling windows, a spacious balcony, and a sleek kitchen with stainless steel appliances and granite countertops. The primary suite offers a walk-in closet and an en-suite bathroom with dual sinks. Terrazas Riverpark provides top-tier amenities, including a resort-style pool, fitness center, clubhouse, and 24-hour security. Located along the Miami River, it offers easy access to Downtown Miami, Brickell, Wynwood, and major highways. Close to restaurants, shopping, and entertainment, this is a perfect opportunity for investors or homeowners looking for luxury and convenience in a prime Miami location.

Property Overview

This is a 2-bedroom, 2-bath condominium of about 948 square feet at 1861 NW S River Dr # 1504, Miami FL 33125 (Miami 33125), listed at $345,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $1,199.

The tax of record is $6,006 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $6,900/yr (≈ $575/mo); with the homestead exemption on a primary residence, about $5,900/yr (≈ $492/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for the property at 1861 NW S River Dr # 1504, Miami FL 33125 is $345,000. This 2bd/2ba home, approximately 948 sqft, is listed without explicit notation of being furnished, so it should be confirmed what, if any, personal property conveys with the sale. Generally, fixtures and built-in appliances convey with the home. The community offers several on-site amenities, including a barbecue area, elevator, exercise room, and pool, which are shared among residents as part of the HOA.

To verify what specifically conveys with this home and to discuss the details of the community amenities, it's best to reach out to Christopher Lazaro, Miami Real Estate Agent. He can provide clarification on the listing details, including any furnishings that may be included, and guide you through the process of making an informed offer on this property. Contact Christopher Lazaro to schedule a viewing or to ask questions about this listing at 1861 NW S River Dr # 1504, listed for $345,000.

Where exactly is it, and what should I know about the location?

The property at 1861 NW S River Dr # 1504 is located in Miami, FL 33125, along the coastal corridor. This address places the unit in a waterfront area, which can impact factors such as views, accessibility, and local amenities. The property itself is a 2 bedroom, 2 bathroom unit with approximately 948 square feet of living space, listed at $345,000. To understand how the location might fit your needs, consider the proximity to local attractions, transportation options, and community features.

To verify the details of this property and discuss how its location aligns with your priorities, contact Christopher Lazaro, Miami Real Estate Agent, to schedule a viewing or request more information about the unit and its surroundings.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for this property is $1,199. According to the record, this fee covers the Elevator. As a buyer, it's essential to understand the costs and what they entail. The community at 1861 NW S River Dr # 1504 is also subject to city ordinances, which can be found in the municipal code.

To verify the details of the HOA fee and what it covers, as well as to get a clearer understanding of the property and its obligations, contact Christopher Lazaro, Miami Real Estate Agent, to discuss your concerns and review the specifics of this listing, including the $345,000 price for this 2bd/2ba ~948 sqft unit.

What are the property taxes and homestead implications?

The property taxes for 1861 NW S River Dr # 1504, Miami FL 33125, listed at $345,000, can be estimated in two ways. As an ESTIMATE ONLY, without homestead, the annual property tax would be about $6,900/yr (≈ $575/mo), and with the homestead exemption on a primary residence, it would be about $5,900/yr (≈ $492/mo), since Florida's homestead exemption lowers the taxable value only for a primary residence. The tax of record is $6,006 (2024), but Florida reassesses at sale, and the actual rate may differ, near 2.0% in Miami-Dade.

These are ESTIMATES, not quotes, and confirmation should be sought from the Miami-Dade Property Appraiser and a tax professional. To verify the details and get a more accurate understanding of the property taxes and homestead implications for this 2bd/2ba ~948 sqft property, reach out to Christopher Lazaro, Miami Real Estate Agent, to discuss your specific situation and get personalized guidance on the next steps to take.

Is the home in a flood zone, and what does that mean?

The property at 1861 NW S River Dr # 1504, Miami FL 33125, listed at $345,000, is located in a flood zone. Flood zones are areas that the Federal Emergency Management Agency (FEMA) has identified as being at risk for flooding, and are categorized based on their level of risk. For more information on flood zones, visit the FEMA definitions page. To determine the specific flood zone designation for this property, you can View the FEMA flood map for this address.

Lenders often require flood insurance for properties located in high-risk flood zones, which can impact the cost of owning the property. If you are considering purchasing this 2bd/2ba ~948 sqft property, it is essential to understand the flood zone designation and any associated insurance requirements. To verify the flood zone designation and discuss how it may affect your purchase, contact Christopher Lazaro, Miami Real Estate Agent, to review the details of this property and determine the best course of action for your situation.

Are pets allowed?

According to the MLS record, the pet policy for 1861 NW S River Dr # 1504, Miami FL 33125, listed at $345,000, indicates restrictions or possible restrictions. This means pets are allowed, with restrictions or possible restrictions. To confirm the exact current pet rules for this unit, we can pull the association's documentation upon request. It's also important to note that if a documented service animal or ESA is involved, separate federal accommodation rules can apply.

To verify the pet policy and other details about this 2bd/2ba ~948 sqft property, contact Christopher Lazaro, Miami Real Estate Agent, to discuss your specific needs and get accurate information about this listing.

How is the price set and is there room to negotiate?

Miami-Dade condos have recently been closing at 94% of list, about 64 days on market, according to MIAMI REALTORS®, May 2026. This suggests that there is some room for negotiation, but it is essential to understand the specific market conditions of the building and vicinity. A more precise estimate of the property's value can be obtained from a Comparative Market Analysis (CMA), which takes into account the unique characteristics of the property, such as its location at 1861 NW S River Dr # 1504, Miami, FL 33125, and its features, including 2 bedrooms, 2 bathrooms, and approximately 948 square feet of living space, listed at $345,000. To get a better understanding of the property's value and negotiate effectively, it is recommended to obtain a Miami-specific CMA before setting an offer.

To verify the market value of this property and explore negotiation options, reach out to Christopher Lazaro, Miami Real Estate Agent, who can provide a detailed analysis and guidance on the next steps to take in the buying process.

What financing step do you recommend before touring?

To make the most of your property search, it's recommended that you get pre-approved for a mortgage before touring homes like 1861 NW S River Dr # 1504, listed at $345,000. This step helps you understand your budget and makes your offer more competitive when you find the right property. Connecting with a Florida-licensed mortgage originator through https://Get-PreApproved.com can guide you through the pre-approval process. Once you have a clear understanding of your financial options, you can focus on finding the right home, such as this 2bd/2ba, ~948 sqft unit in Miami. To verify the details of this property or to discuss your options, consider reaching out to Christopher Lazaro, Miami Real Estate Agent, to schedule a consultation and explore how he can assist you in your home search.

Monthly Fees & Carrying Costs

Association Fee $1,199 / month
Total Monthly Fees $1,199 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

Have a question about this Miami listing?

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

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

Details

Updated on September 20, 2026 at 12:40 am
  • Property ID A11753807
  • Price $345,000
  • Property Size 948 Sq Ft
  • Bedrooms 2
  • Room 0
  • Bathrooms 2
  • Garage 1
  • Year Built 2010
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • View River
  • Cooling Other
  • Heating Other
  • Tax Year 2024
  • Flooring Other
  • Unit Floor 15
  • Inclusions None
  • Unit Number 1504
  • Building TERRAZAS RIVERPARK VILLAG
  • Garage Spaces 1
  • Listing Terms All Cash
  • Area Terrazas Riverpark Villag
  • Total Stories 40
  • Waterfront Yes
  • Association Yes
  • Full Bathrooms 2
  • Half Bathrooms 0
  • Covered Spaces 2
  • Style Condo 5+ Stories
  • Private Pool No
  • Structure Type Condo 5+ Stories, Condo
  • Association Fee 1199
  • Parking 1 Space
  • Subdivision TERRAZAS RIVERPARK VILLAG
  • Annual Tax 6006
  • Year Built Details Resale
  • Building Area 948
  • Lot Size (Sq Ft) 0
  • Flood Zone X
  • New Construction No
  • Attached Yes
  • Waterfront Features River
  • Bedroom Features None
  • Amenities Barbecue, Elevator(s), Exercise Room, Other, Pool
  • Restrictions No Daily Rentals, Ok To Lease
  • Construction Other
  • Pets Allowed Yes
  • Association Fee Frequency Monthly
  • Association Type Condo
  • Maintenance Includes Elevator
  • Membership Purchase Required No

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