For sale Condo

Listed Mar 17, 2026

$429,900 Est. $2,843/mo

1861 Northwest North River Drive Unit 3

  • 1

    Beds

  • 2

    Baths

  • 1,144

    Sq ft

The story

  • Pool
  • Waterfront

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.

Facts & features

Home type

Condo

Year built

2010

Floors

27

Price per sq ft

$376

HOA

$1,409 / monthly

Parking

1-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Electric Range, Disposal, Microwave, Refrigerator

  • Flooring

    Tile

  • Lot Information

    Waterfront

  • Exterior

    Balcony, Barbecue, Security High Impact Doors

Mortgage calculator

Estimated monthly payment

$2,843 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,288
  • Property tax $430
  • Insurance $125

Includes principal, interest, taxes & insurance.

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Listing Broker

Premier Global Brokers, LLC

Broker Name

Premier Global Brokers, LLC

Agent

Jose Lorenzo

Location

Miami FL 33130