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Waterfront · Condominium
$460,000$450 / sqft
1861 NW S River Dr # 2505, Miami FL 33125
Listed
2
Bedrooms
2
Bathrooms
1,022 sqft
Interior
2010
Year built
$1,219 / mo
HOA
Condominium
Type
About this home
Great investment or homeowner opportunity! This remodeled corner unit offers floor-to-ceiling windows, abundant natural light, and panoramic views of the River, yachts, and breathtaking sunsets. Furniture available for purchase. Lobby, Elevators, Pool, and Building are scheduled for renovation in the next month, adding strong future value. Enjoy resort-style amenities including valet, pool, jacuzzi, sauna, renovated gym, 24/7 convenience store, party room, office space, BBQ area, and 24-hour gated security. A beautiful riverfront park next door is currently being renovated, and the building is on the River yet not in a flood zone. Two master bedrooms with en-suite bathrooms and walk-in closets on opposite sides for maximum privacy. Pets are welcome. Parking and Storage are available at an additional cost. Centrally located minutes from River Landing Shops, grocery stores, restaurants, airport (7 min), Downtown, Wynwood, Brickell (8–12 min), Miami Beach (16 min), Coral Gables (15 min), Hospital and Baseball stadium (5 min). Quiet Residential Neighborhood and fast-growing area surrounded by new construction including restaurants and soccer stadium. HOA includes water, trash, pest control, and amenities.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Skylight
- Split Bedroom
- Walk-In Closet(s)
- Family Room
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.