1861 NW S RIVER DR B05, Miami, FL 33125

Parcel: 0131341240090 · Residential · Condominium - Residential · Zoning: 4602

Assessed Value (2025)
$426,174

Property Details

Beds
2
Baths
2
Living Sqft
1,381
Year Built
2010
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$42,320,569
2010-10-13
1861 NW SOUTH RIVER DR MIAMI LLCAP WP TERRAZAS LLC
2
$338,800-99%
2013-11-21
AP WP TERRAZAS LLCTERRAZAS OWNER LLC
3
$337,300-0%
2020-10-05
TERRAZAS OWNER LLCJORGE E RAMIREZ

Tax Assessment History

$426,174
Assessed (2025)
$449,190
Market Value
$426,174
Taxable Value
$8,677
Annual Tax
2024
$387,431
$449,190
2025
$426,174
$449,190
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $426,174 $449,190 $426,174 $8,677
2024 $387,431 $449,190 $387,431 $7,888

About 1861 NW S RIVER DR B05, Miami, FL 33125

1861 NW S RIVER DR B05, Miami, FL 33125 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 2010 with 1,381 square feet of living space. The property is currently owned by JORGE E RAMIREZ BEATRIZ E VELEZ, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2020-10-05 for $337,300, when TERRAZAS OWNER LLC sold to JORGE E RAMIREZ . The property sold for $1,500 less than the prior sale of $338,800 on 2013-11-21. There are 3 recorded sales for this property.

The 2025 assessed value is $426,174 with a market value of $449,190. The assessed value increased 10% from $387,431 in 2024. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.

Flood insurance is typically not required for properties in Zone X. The median household income in this area is $32,917, and the median home value is $546,900. The population density is 13,859 people per square mile.

1861 NW S RIVER DR B05, Miami, FL 33125 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2010 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 126% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $244 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

JORGE E RAMIREZ BEATRIZ E VELEZ
1861 NW S RIVER R 405, MIAMI, FL, 33125
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$2,957 — $5,061
Flood $400 — $800
Property/Wind $2,557 — $4,261

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$32,917
Median Home Value$546,900
Pop. Density13,859/sq mi

Neighborhood 33125

39.7%
Owner-Occ
60.3%
Investor
180
Flips (4yr)
6,726
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →
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