Terrazas Riverpark Villag Homes for Sale

Terrazas Riverpark Village is a waterfront condominium in Miami, built in 2010 along the Miami River near downtown. Its residences range from around $239,000 to $750,000, with a median near $375,000, covering one- and two-bedroom layouts. The building offers a riverfront setting and standard resort-style amenities, and its location keeps residents close to Brickell, the health district, and downtown Miami.

Pure Equity Realty covers Terrazas Riverpark Villag and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 19 Terrazas Riverpark Villag Miami homes for sale as of October 2026. The median asking price is $360,000. Asking prices run from $299,000 to $645,000.

That is 44% below the Miami median of $640,000. On a per-foot basis, homes here ask about $385 per square foot, compared with $507 across Miami. So the median price buys roughly 950 square feet of living area.

Listings here have averaged 155 days on the market. That tracks the Miami average of 144 days, so pricing and terms follow the wider city market.

Homes listed in Terrazas Riverpark Villag date from 2010, so they are about 16 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Terrazas Riverpark Villag includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Terrazas Riverpark Villag is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Terrazas Riverpark Villag have a median asking rent of $2,800 per month, across 13 active rental listings. For comparison, the Miami median is $3,000, so rents here run 7% lower.

For investors, those medians imply a gross yield near 9.3% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami rentals or ask us for a rent estimate on a specific Terrazas Riverpark Villag home.

Here is what the median Terrazas Riverpark Villag price means in Florida closing terms. At $360,000, a 20% down payment comes to about $72,000, leaving a loan near $288,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,008. Next, the intangible tax of 0.2% adds about $576. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $2,160 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Terrazas Riverpark Villag listings show assignments to Citrus Grove (Miami-Dade) (elementary), Citrus Grove (middle) and Miami Jackson (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.