1515 NW S RIVER DR, Miami, FL 33125

Parcel: 0131350160040 · Multifamily 2-9 Units · 2 Living Units · Zoning: 3900

Assessed Value (2025)
$2,700,194

Property Details

Beds
4
Baths
4
Living Sqft
2,619
Year Built
1954
Lot Sqft
45,723
Stories
2
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS

Sales History

1
$350,000
1996-08-01
2
$1,672,500+378%
2014-01-17
STEPHEN CARTER &W CAROLE1515 MIAMI RIVER LLC
3
$2,166,700+30%
2020-02-25
1515 MIAMI RIVER LLC1515 MIAMI RIVER DEVELOPMENT LP
4
$15,600-99%
2026-03-24
1515 MIAMI RIVER DEVELOPMENT LPRIVER TARPON LLC

Tax Assessment History

$2,700,194
Assessed (2025)
$5,872,389
Market Value
$2,700,194
Taxable Value
$54,974
Annual Tax
2024
$2,454,722
$5,876,010
2025
$2,700,194
$5,872,389
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $2,700,194 $5,872,389 $2,700,194 $54,974
2024 $2,454,722 $5,876,010 $2,454,722 $49,976

About 1515 NW S RIVER DR, Miami, FL 33125

1515 NW S RIVER DR, Miami, FL 33125 is a 4-bedroom, 4-bathroom multifamily 2-9 units : 2 living units built in 1954 with 2,619 square feet of living space on a 45,723 square foot lot. The property is currently owned by RIVER TARPON LLC, recorded as of 2026-04-15. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-03-24 for $15,600, when 1515 MIAMI RIVER DEVELOPMENT LP sold to RIVER TARPON LLC . The property sold for $2,151,100 less than the prior sale of $2,166,700 on 2020-02-25. There are 4 recorded sales for this property.

The 2025 assessed value is $2,700,194 with a market value of $5,872,389. This breaks down to $5,486,760 for the land and $385,629 for the building. The assessed value increased 10% from $2,454,722 in 2024.

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. 1515 NW S RIVER DR, 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 1996 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 17309% 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 $6 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

RIVER TARPON LLC
55 MERRICK WAY # 208, CORAL GABLES, FL, 33134
Since: 2026-04-15
View owner profile →

People Behind This Entity

Est. Annual Insurance

$32,802 — $60,204
Flood $400 — $800
Property/Wind $32,402 — $59,404

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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