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Waterfront · Condominium
$429,999$358 / sqft
8024 Tatum Waterway Dr # 5A, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,200 sqft
Interior
1969
Year built
$533 / mo
HOA
Condominium
Type
About this home
I am pleased to present this excellent opportunity to live on the water in Miami Beach. This spacious 2-bedroom, 2-bathroom corner unit features a split floor plan with stunning marble flooring, an open kitchen layout, and updated bathrooms. The unit offers plenty of natural light, ample closet space, and two private balconies with views of the Tatum Waterways canal and Tatum Park. Located in a well-maintained boutique building that recently passed its 40-year inspection, the property includes one assigned parking space, a community dock, and a large waterfront deck perfect for relaxing or fishing. The building is just three blocks from the beach and minutes away from Surfside and Bal Harbour. You will be within walking distance of North Beach Park, grocery stores and more
Features
- Lobby
- Elevator
- Fire Sprinklers
- Pantry
- Family Room
- Other
- None
- Canal
- Other View
- Water View
Leasing
- Minimum lease
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.