All listings
Active
Active1 / 29
Photo 1 of 29
Waterfront · Condominium
$230,000$360 / sqft
8040 Tatum Waterway Dr # 11, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
639 sqft
Interior
1963
Year built
$737 / mo
HOA
Condominium
Type
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.
Features
- First Floor Entry
- Vaulted Ceiling(s)
- East Of Us1
- Courtyard
- Other View
Leasing
- Minimum lease
- 365 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.