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Condominium
$368,000$394 / sqft
1861 NW S River Dr # 1003, Miami FL 33125
Listed
2
Bedrooms
2
Bathrooms
935 sqft
Interior
2010
Year built
$1,116 / mo
HOA
Condominium
Type
About this home
Discover the perfect blend of luxury, comfort, and convenience in this stunning 2-bedroom, 2-bathroom condo at Terrazas Riverpark Village. Built in 2010, this beautifully maintained unit offers breathtaking Miami River views and spectacular sunset scenery through expansive windows that fill the home with natural light. The spacious layout features an open-concept kitchen with contemporary cabinetry, sleek finishes, and elegant porcelain tile flooring throughout, creating the ideal space for both everyday living and entertaining. Residents enjoy resort-style amenities including a 24/7 guard-gated entrance, state-of-the-art fitness center, sauna, jacuzzi, swimming pool, party room with bar and kitchen, BBQ and picnic areas, and more. The unit also includes one assigned parking space. Perfectly located just minutes from Brickell, Downtown Miami, Wynwood, Miami International Airport, and the UM/Jackson Medical District, with convenient access to South Beach, Coral Gables, and major highways. Experience vibrant Miami living at its finest.
Features
- Elevator
- Barbeque
- Open Balcony
- Intracoastal View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$4,801.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.