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Waterfront 20-Unit Apartment Building
For Sale
Contact for pricing
Pending

8040 Tatum Waterway Dr, Miami Beach, FL 33141

Condominium building with one- and two-bedroom units, including renovated interiors in several residences.

Property SizeContact for details
Lot Size0.35 Acres
Days on Market143

Property Features for 8040 Tatum Waterway Dr

General Information

Standard status Pending
Lot size 0.35 Acres
Property subtype Land

Additional Details

Road Access Yes
Multifamily Units 20

Building Details

Buildings 1
Listing Agency: Cushman & Wakefield - Miami, Florida
Listed By: Virgilio Fernandez · License #SL3397219
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Miami, Florida

Investment Insights

Based on property information with market context.

The property consists of a 20-unit condominium building on a 0.35-acre parcel along Tatum Waterway. The unit mix includes one-bedroom and two-bedroom residences, with several units updated with modern kitchens, countertops, and other interior finishes. The existing configuration supports apartment rentals, while the property information also identifies redevelopment into waterfront condominiums or townhouses as an alternative direction.

Located at 8040 Tatum Waterway Drive in Miami Beach, the site overlooks Tatum Waterway to the west and sits parallel to Collins Avenue. Beaches, shops, restaurants, and entertainment venues are within walking distance. The North Beach area allows redevelopment of commercial properties, adding a redevelopment consideration to the existing residential configuration.

Key Highlights

  • 20‑unit condominium building on a 0.35‑acre parcel
  • One‑bedroom and two‑bedroom unit mix
  • Several units feature renovated kitchens, countertops, and other finishes

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Dental Office Law Firm Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,086
Businesses Nearby

Demographics for 33141, FL

35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Condominium building with one- and two-bedroom units, including renovated interiors in several residences.
Where is this apartment building located?
The property is located at 8040 Tatum Waterway Dr Miami Beach, FL.
What are key features of this property?
This property features: 20‑unit condominium building on a 0.35‑acre parcel; One‑bedroom and two‑bedroom unit mix; Several units feature renovated kitchens, countertops, and other finishes
(305) 613-4507 Call to check price and availability
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