1515 NW North River Dr, Miami FL 33125, MIAMI, FL, 33125
Active162 days on marketListed Mar 9, 2026MLS #A11979551
About this home
1515 NW North River Dr, Miami FL 33125
1.77 acres of prime contiguous land along the Miami River, an increasingly rare opportunity in one of Miami’s fastest-growing corridors. With direct waterfront access and approximately 14 existing 50 foot boat slips, this three lot assemblage is ideally positioned for impactful development. Under current T4-R zoning, the property permits multifamily residential construction by right, offering immediate development potential with 36 units per acre per T4-R zoning. One concept envisions the creation of 40 luxury townhomes that take full advantage of the site’s river frontage and lifestyle appeal.
Facts & features
The home at a glance
1.77 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$86,719 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$100,468/mo
Includes estimated PMI — it drops off once you reach 20% equity. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Allapattah
Get to know Miami. See the full Miami guide →
Allapattah — neighborhood snapshot
Population
43,849
Median age
45
Median income
$38,607
Median home value
$353,196
Avg household
3
Households w/ children
4,519
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 5306% above the MIAMI 33125 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1515 NW North River Dr
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$60,000
4200 FAIRFORD DRIVE · same community
2 bd · 1.5 ba · 870 sqft · $69/sqft · 0 DOM
Sold · Sep ’25$265,000
4841 DRIFT TIDE DRIVE · same community
2 bd · 1 ba · 944 sqft · $281/sqft · 18 DOM
Sold · Dec ’25$185,000
5115 DRIFT TIDE DRIVE · same community
2 bd · 2 ba · 1,004 sqft · $184/sqft · 12 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Jasmine Ince
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1515 NW North River Dr — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1515 NW North River Dr — before you fall in love.
See it in person
Schedule a tour
Live availability from Jasmine's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1515 NW North River Dr FAQs
What would the monthly payment be for 1515 NW North River Dr, Miami FL 33125?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $86,719/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1515 NW North River Dr, Miami FL 33125?+
The most recent tax bill on record (2026) was $0. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $14,999,000, this home is listed about 2359% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1515 NW North River Dr, Miami FL 33125?+
Paul Laurence Dunbar K-8 Center (elementary), Booker T. Washington Senior High (high), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$14,999,000 runs 5306% above the MIAMI 33125 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
162 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of E. L. S. Realty Corp. · Edward Schmidt. MLS #A11979551.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Miami homes, in your inbox
Like 1515 NW North River Dr, Miami FL 33125 but not quite? A daily digest of every new listing in Miami — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Jasmine to ping you on any price or status change →