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.
Listed by Jose Lorenzo
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License #3130916
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Premier Global Brokers, LLC
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754-244-2727
Last updated March 17, 2026
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Source: MIAMIRE #A11984365
Listing Facts
TypeCondo
NeighborhoodAllapattah
Bedrooms1
Bathrooms2
Days on Prevu45
HOA/Maint. Fees$1,409/month
Taxes$7,932/year
Size1,144 sqft
Price per sqft$402
Amenities
Private Outdoor Space
Pets Allowed
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
03/17/2026
Listed by Premier Global Brokers, LLC
$459,900
Property Details for 1861 NW North River Dr 3
Association
Amenities
Association Amenities: Business Center, Elevator(s), Exercise Room, Exterior Lighting, Pool, Sauna, Spa/Hot Tub, Trash Chute
Pets Allowed: Maximum 20 Lbs
Fees
Association Fee: $1,409.00 Monthly
Association Fee Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Hot Water, Insurance, Internet/Wi Fi, Manager, Parking, Pool Service, Recreation Facilities, Reserve Fund, Security, Sewer, Trash Removal, Water
Exterior
Construction
Property Attached: Yes
Stories Total: 27
Structure Type: Condo 5+ Stories, Condo
Window Features: Skylight, Impact Glass
Year Built: 2010
Year Built Details: Resale
Architectural Style: High Rise, Penthouse
Building Name: TERRZAS MIAMI
Construction Materials: Concrete Block Construction
Entry Level: 27
Exterior Features: Barbeque, Open Balcony
Features
Patio And Porch Features: Open Balcony
View: Garden View, Other View, River
Waterfront Features: River
Waterfront: Yes
Measurements
Building Area Total: 1,144
Building Area Units: Square Feet
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 01-31-34-124-2050
Tax Annual Amount: $7,932.00
Tax Year: 2025
Interior
Features
Appliances: Disposal, Microwave, Electric Range, Refrigerator
Flooring: Tile
Interior Features: First Floor Entry, Fire Sprinklers, Pantry, Skylight, Walk-In Closet(s), Den/Library/Office
Parking Features: 1 Space, Guest, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers
Schools
High School
High School: Miami Jackson
Middle or Junior School
Middle Or Junior School: Citrus Grove
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Laundry Features: Washer/Dryer Hook-Up
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There is 1 bedroom and 2 bathrooms in this condo at 1861 NW North River Dr 3.
What schools are nearby to 1861 NW North River Dr 3?
Nearby schools include the Citrus Grove Middle School and Miami Jackson High School.
Does this condo have parking?
Yes, there is 1 parking space available for 1861 NW North River Dr 3.
Are pets allowed at 1861 NW North River Dr?
Yes, 1861 NW North River Dr allows pets. Check the Property Details for any relevant restrictions.
What are the annual taxes for 1861 NW North River Dr 3?
Annual taxes for this condo are estimated at $7,932.
How does 1861 NW North River Dr 3 compare to other condos in Allapattah?
This condo is listed 44% above the average price for condos in Allapattah and has been on the market for 43 less days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is in the TERRZAS MIAMI building.
What is the square footage on this condo?
According to the MLS, this listing is 1,144 sqft.
1861 NW North River Dr 3 is a 1-bedroom, 2-bath condo for sale in Miami FL 33125. Listed on Prevu for 45 days at $459,900. This home features 1,144 square feet of living space, located in Allapattah. The median listing price for condos in this area is $669,900. Nearby schools include Citrus Grove Middle School and Miami Jackson High School. Property amenities include private outdoor space, pets allowed, air conditioning, parking, and swimming pool. Explore more condo listings in Miami.
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.