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8040 Tatum Waterway Dr # 5, Miami Beach FL 33141

Condo/Co-op For Sale
$348,000

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-$27K (2026/05/03)
128 days
Waterfront
2 bds
2 ba
1,059 sqft

Overview

On the Tatum Waterway, a future owner may wish to explore the possibility of accommodating a small boat (approximately 20–30 feet). This west-facing waterfront residence offers a rare combination of privacy & space 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.

Location

Details

Type:
Residential
Parking:
On Street
Year Built:
1963
Lot:
No Data
Heating:
Central / Electric / Heat Pump/Reverse Cycle
Price/sqft:
$329
Cooling:
Ceiling Fan(s) / Central Air / Electric
HOA:
$1,001

Valuation

Our model vs. what's actually selling nearby.
Estimate
$390,000
$223K – $770K
Confidence Low
List vs. estimate
$42K below estimate
List $348,000 · -10.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$328
-44.9% vs. city median $596
Based on
677 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $355K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,095
2025
HOA
$1,001/mo
View
Canal, Garden View
Waterfront
Canal Front, Canal Width 1-80 Feet
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Heating

    • Central

    • Electric

    • Heat Pump/Reverse Cycle

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Gas Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • On Street

    Property

    • Exterior Features: East Of Us1 / Courtyard

    Other Property Information

    • Parcel Number: 02-32-02-016-0050

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,001

    • HOA Frequency: Monthly

    • Annual tax amount: $5,095

  • Source details

    • MLS ID: A11981329

    Other facts

    • Construction Materials: Concrete Block Construction / Concrete Block With Brick

    • Laundry Features: Common Area

    • Patio And Porch Features: Patio

    • Architectural Style: Corner Unit / Garden Apartment

    • Waterfront: Yes

    • Living Area: 1059

    • Subdivision Name: CREEK CLUB # 3 CONDO

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC