1861 River Drive Unit 3, Miami, FL 33125

$429,900 — Active

Property Features

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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.

▼ Price Reduced — originally listed at $459,900

Property Details

  • Listing ID: A11984365
  • Status: Active
  • Listing Date: 2026-03-17
  • Property Type: Condominium
  • Unit / Building #: 3
  • Subdivision: TERRAZAS RIVERPARK VILLAG
  • County: Miami-Dade
  • MLS Area: 2310
  • Bedrooms: 1
  • Full Bathrooms: 2
  • Living Area Sq Ft: 1,144
  • Year Built: 2010

Financial

  • List Price: $429,900
  • Original List Price: $459,900
  • HOA Fee: $1,409/mo
  • Taxes: $7,932/yr

Features & Amenities

  • View: Garden, Other, River
  • 55+ Community (HOPA): Yes
  • Pets Allowed: Yes
  • Parking: Guest, Garage, Attached Garage, Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction: Block
  • Interior Features: Pantry, Walk-In Closet(s)
  • Exterior Features: Barbecue, Lighting, Balcony
  • Community Amenities: Elevator(s), Fitness Center, Management, Parking, Pool, Sauna, Spa/Hot Tub, Trash Chute, Business Center, Maintenance

Courtesy of Premier Global Brokers, LLC
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 5, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.