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Waterfront · Condominium
$337,000$318 / sqft
8040 Tatum Waterway Dr # 5, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,059 sqft
Interior
1963
Year built
$995 / mo
HOA
Condominium
Type
About this home
Blue Space Dream! On the Tatum Waterway, a future owner may explore the possibility of accommodating a small boat or (approximately 20–30 feet). This west-facing waterfront residence offers quiet & calm in the heart of North Beach. Renovated on the first floor, this corner 2-bedroom, 2-bath home has three exposures, abundant natural light, & over 1,000 square feet of living space. The garden-style layout opens to a private 107-square-foot terrace overlooking the Waterway. Impact windows and doors, central AC, and louvered shutters keep the place cool and quiet and safe. The renovated kitchen features granite countertops & wood cabinetry. A separate entrance to one bedroom creates flexibility for a home office, guest suite, or private retreat. The building has a new roof and a completed 40/50-Year Recertification issued in 2022. Just three blocks from the beach and North Shore Open Space Park, the location offers is close to neighborhood cafés, restaurants & shops. North Beach is expecting more than $2 billion in public and private investment, bringing new parks, infrastructure, and continued redevelopment to one of Miami Beach's fastest-growing neighborhoods. Whether you're looking for a primary residence, vacation home, or investment property, this home offers a combination of waterfront living, walkability & modern updates. Rent immediately and pet friendly. End each day watching the sunset over the water from your own private terrace.
Features
- First Floor Entry
- East Of Us1
- Courtyard
- Canal
- Garden View
Leasing
- Minimum lease
- 180 days
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.