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1861 NW S River Dr, Miami FL 33125
About this home
Welcome to PH-4 at Terrazas Riverpark, a beautifully upgraded two-story penthouse in the heart of Miami. This loft-style residence features soaring ceilings, floor-to-ceiling windows, abundant natural light, and a private balcony with river and city views. Upgrades include a completely remodeled kitchen completed in 2026, new A/C installed in December 2025, tankless water heater, in-unit washer/dryer, assigned parking, storage, and a flexible home office/den space. Building offers full reserves, a newly updated lobby, upcoming waterfront dock, pool, fitness center, BBQ area, recreation spaces, and security. Centrally located near Downtown Miami, Brickell, Jackson Hospital, MIA, shopping, dining, and major highways.
Features
- First Floor Entry
- Cooking Island
- Pantry
- Volume Ceilings
- Walk-In Closet(s)
- Open Balcony
- River
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,372
- HOA
- $1,409 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.