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Waterfront · Condominium
$375,000$385 / sqft
1861 NW S River Dr # 2008, Miami FL 33125
Listed
2
Bedrooms
2
Bathrooms
975 sqft
Interior
2010
Year built
$1,374 / mo
HOA
Condominium
Type
About this home
Lose yourself in the view. Find yourself in Miami * Perched above the Miami River with sweeping skyline and water views, this light-filled residence at Terrazas Riverpark Village offers the perfect balance of urban energy and everyday serenity. impact glass frames the ever-changing cityscape, while the open living spaces flow seamlessly onto a private balcony designed for morning coffee, sunset skies, and everything in between. The thoughtfully designed interior features porcelain flooring throughout, a modern kitchen with granite countertops and stainless-steel appliances, and a split-bedroom layout that provides both comfort and privacy. Beyond the residence, Terrazas delivers a true Miami lifestyle with resort-style amenities including a waterfront pool, fitness center, secure access, covered parking, and direct proximity to Sewell Park and the Riverwalk. Ideally positioned in the evolving Miami River District, just moments from Brickell, Downtown, Wynwood, the Health District, and Miami International Airport, this location continues to benefit from major infrastructure and redevelopment transforming the area into one of Miami’s most connected urban corridors. LEASED UNTIL SEPTEMBER 15, 2027 AT $3,100/MONTH. BUYER MUST BE PRESENT FOR THE SHOWING.
Features
- First Floor Entry
- Open Balcony
- River
- Skyline
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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 $2,300–$5,569.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.