Atlantic Luxury AdvisorsKeller Williams Realty Services

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8040 Tatum Waterway Dr #11

Miami Beach, FL 33141

$195,000
1
1
639 sq ft
1963
Condominium
$737/mo
Yes
5
Active

Listing courtesy of Triluxe Realty LLC. Contact: [email protected].

About this home

Fantastic southeast 1/1 corner unit in a waterfront building located on the second floor, just 3 blocks from the beach and ideally positioned along a scenic waterway in the back of the building with DIRECT ACCESS to Biscayne Bay and the ocean. Perfect as a primary residence or second home, this move-in-ready unit offers wood flooring throughout, and soaring 12-foot vaulted ceilings in the living area that create an open, light-filled atmosphere. (Only a few corner units in the building offer this higher ceiling), the modern kitchen features new stainless steel appliances and quartz countertops, while two private balconies overlook the adjacent park and provide access to a spacious covered area—ideal for enjoying fresh breezes and lush surroundings. The building has seen extensive recent improvements, including a new roof, refurbished underground sewer pipes, newly painted exterior and common areas, upgraded exterior lighting, refreshed landscaping, and refurbished handrails. A free city parking lot sits adjacent to the building for added convenience. Located in a quiet, safe neighborhood, the property sits directly across from a city park offering basketball and volleyball courts, exercise areas, a children’s playground, and a covered gathering area with restrooms. Walk to shops, restaurants, and all that the booming North Beach has to offer. Easy to show. BUILDING CARRIES INSURANCES. Unit located on the 2nd floor, no elevator in the building. Unit faces the street

Virtual tour
What it costs to own
Estimated monthly payment
$2,085/mo
Principal and interest
$986
Property tax
$237
Homeowners insurance
$125
HOA
$737

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
$2,847/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.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$737/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

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.

Florida condo safety laws

Creek Club #3 was built in 1963, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

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 Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.