Atlantic Luxury Advisors
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19 photos

8040 Tatum Waterway Dr #5

Miami Beach, FL 33141

$337,000
2
2
1,059 sq ft
1963
Condominium
$995/mo
Yes
188
Active

Listing courtesy of Compass Florida, LLC (Gary Feinberg). Contact: [email protected].

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.

What it costs to own
Estimated monthly payment
$3,363/mo
Principal and interest
$1,704
Property tax
$456
Homeowners insurance
$208
HOA
$995

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$5,472/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$995/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.