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1861 S River Dr #2505
Miami, FL 33125
Listing courtesy of Miami Pro Brokers, LLC. Contact: [email protected].
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.
- Principal and interest
- $2,326
- Property tax
- $646
- Homeowners insurance
- $292
- HOA
- $1,219
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
Terrazas Riverpark Village Condo was built in 2010, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2040. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.