What is the asking price and what does it include?

The list price for 1871 NW S River Dr # 1606, Miami FL 33125 is $320,000. The property is a Condominium with 1 bedrooms, 2 bathrooms, approximately 804 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 1871 NW S River Dr # 1606, Miami FL 33125 in Miami, 33125. Coordinates are approximately 25.7849429, -80.2258596. 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 320,000 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 1871 NW S River Dr # 1606, 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.

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Get Pre-Approved !

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Get Pre-Approved !

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Condominium
1871 NW S River Dr # 1606, Miami FL 33125 | Miami-Dade County | A12031375

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1871 NW S River Dr # 1606, Miami FL 33125 | Miami-Dade County | A12031375

1871 NW S River Dr # 1606, Miami FL 33125

Residential Active

$320,000

26 More

Type
Condominium

1
Bedroom

2
Bathrooms

0
Garage

804 Square Feet
Area Size

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Residential Active

1871 NW S River Dr # 1606, Miami FL 33125 | Miami-Dade County | A12031375

1871 NW S River Dr # 1606, Miami FL 33125

$320,000

Description

Spacious 1-bedroom + den, 2 bathrooms unit at Terrazas Riverpark Village featuring luxury finishes, high-end
appliances, and premium fixtures. Den area offers flexible use as an office, a guest space, or an additional
enclosed area. Large private balcony with views of the Miami River. Assigned parking space conveniently located
on the fourth floor. Building amenities include a pool, fitness center, spa, sauna, rooftop terrace, dog park, party
room, and 24-hour concierge. Centrally located near major highways, Miami International Airport, shopping,
dining, and the Health District. The association has fully funded reserves and no special assessments

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 4, 2026 at 5:36 pm

Property ID A12031375
Price $320,000
Property Size 804 Square Feet
Bedroom 1
Bathrooms 2
Garage 0
Year Built 2010
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle High Rise
AssociationAmenities Barbecue, Business Center, Cabana, Clubhouse-Clubroom, Elevator(s), Exercise Room, Pool, Sauna, Spa/Hot Tub, Trash Chute
AssociationFee 991
AssociationFeeFrequency Monthly
BathroomsFull 2
BathroomsHalf 0
BuildingAreaTotal 804
BuildingAreaUnits Square Feet
BuildingName TERRAZAS RIVERPARK
CarportSpaces 0
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-06-04
Cooling Central Air
CoveredSpaces 0
DaysOnMarket 0
DoorFeatures High Impact Doors
EntryLevel 16
ExpirationDate 2026-12-31
Heating Central
HighSchool Miami Jackson
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-556-2789
ListingTerms All Cash, Conventional, FHA
LotSizeSquareFeet 0
MLSAreaMajor Terrazas Riverpark Villag
MajorChangeTimestamp June 4, 2026 at 08:54pm
MajorChangeType New
MiddleOrJuniorSchool Citrus Grove
MlsStatus Active
ModificationTimestamp June 4, 2026 at 08:54pm
OnMarketDate 2026-06-04
OriginalEntryTimestamp June 4, 2026 at 08:54pm
OriginalListPrice 320000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-34-124-3070
ParkingFeatures 1 Space, Assigned, Valet
PatioAndPorchFeatures Open Balcony
PhotosChangeTimestamp June 4, 2026 at 09:52pm
PhotosCount 31
Possession Funding
PostalCode 33125
PriceChangeTimestamp June 4, 2026 at 08:45pm
PublicSurveyRange 31
PublicSurveySection 34
PublicSurveyTownship 31
RoomsTotal 0
SecurityFeatures Fire Sprinklers, Smoke Detector, Doorman, Secured Garage/Parking, Guard At Site
ShowingInstructions 24 Hour Notice, Appointment Only
SourceSystemKey 505166230
StateOrProvince FL
StatusChangeTimestamp June 4, 2026 at 08:54pm
StoriesTotal 28
StreetDirPrefix NW
StreetName S River Dr
StreetNumber 1871
StreetNumberNumeric 1871
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Spacious 1-bedroom + den, 2 bathrooms unit at Terrazas Riverpark Village featuring luxury finishes, high-end appliances, and premium fixtures. Den area offers flexible use as an office, a guest space, or an additional enclosed area. Large private balcony with views of the Miami River. Assigned parking space conveniently located on the fourth floor. Building amenities include a pool, fitness center, spa, sauna, rooftop terrace, dog park, party room, and 24-hour concierge. Centrally located near major highways, Miami International Airport, shopping, dining, and the Health District. The association has fully funded reserves and no special assessments
TaxAnnualAmount 5077
TaxLegalDescription TERRAZAS RIVERPARK VILLAGE CONDO UNIT PARK 1606 UNDIV 0.2475664% INT IN COMMON ELEMENTS OFF REC 27230-3956
TaxYear 2025
UnitNumber 1606
View Pool Area View, River
WaterfrontFeatures River
YearBuiltDetails Resale