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8040 Tatum Waterway Dr # 5, Miami Beach FL 33141

Condo/Co-op For Sale
$348,000

BTC: 5.43750000

ETH: 199.31271478

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

Overview

This west-facing renovated corner 2 BD + 2 BA garden-style residence offers over 1,000 SF of bright living with three exposures. A rare first-floor waterfront setting that's quiet and private with impact windows and doors, louvered shutters and central AC. A private 107 SF terrace overlooks the Tatum Waterway for enjoying open canal views and sunsets with your favorite drink and friends. Kitchen has a granite countertop and wooden cabinets. A separate entrance to one bedroom allows for a home office, guest suite, or private space. The building has a new roof and the 40/50 Year Recertification was issued in 2022. Located three blocks from the ocean and North Shore Open Space Park. Easy access to North Beach cafés, shops, and restaurants. North Beach is seeing over $2 billion in public and private investment, driving new infrastructure, parks, and development. A rare chance to own a quiet waterfront home near the ocean for primary residence, vacation retreat or income producing investment. North Beach at its best.

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
$385,000
$220K – $752K
Confidence Low
List vs. estimate
$37K below estimate
List $348,000 · -9.6%
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
660 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $291K
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
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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