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7900 Tatum Waterway Dr APT 502, Miami Beach, FL, 33141

1beds
2baths
799sqft
$232,000
$290price/sqft
$1,913/moest. monthly cost
$76,520/yrincome needed

About This Home

Featuring beautiful water view and calming sunsets from this penthouse unit at Waterway Plaza! Freshly painted. Unit has updated bathrooms, plenty of closets and newer central A/C. It comes with one assigned, covered parking. Pets are welcome! Association has full reserves. Unit is rented for $2075/m to an excellent tenant. Special assessment has been paid in full.

Getting Around

66
WalkingSomewhat Walkable
49
TransitSome Transit
74
BikeVery Bikeable

Schools

7/10
5/10
Nautilus Middle SchoolGrades 6-83.4 mi
4/10

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Microwave,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Flooring: Ceramic Tile,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 799
  • Total interior livable area: 799 sqft

Property

Details

  • Parcel number: 0232020640500
  • Attached to another structure: Yes

Features

  • Entry location: First Floor Entry
  • Exterior features: Other
  • Has view: Yes
  • View description: Bay
  • Has water view: Yes
  • Water view: Bay
  • On waterfront: Yes
  • Waterfront features: Bay
  • Frontage type: Bay/Harbor

Lot

  • Features: East Of Us1

Parking

  • Total spaces: 1
  • Parking features: 1 Space,Assigned,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,173$14,076
Home Insurance *$183$2,196
Property Taxes $360$4,320
Electricity $197$2,366
Total$1,913$22,956
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$65,588/yr
40% on housing$57,390/yr
45% on housing$51,013/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$290This listing

vs Other Active Listings

Avg $/sqft

ZIP 33141$983
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33141$1,311
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-05-26Price change$245,000
2025-05-13Price change$235,000
2025-05-05Listed for sale$239,900
2025-04-22Listing removed$249,900
2025-01-02Price change$249,900
2024-08-06Listed for sale$259,900
2024-06-29Listing removed$259,900
2024-04-01Listing removed--
2024-03-18Listed for sale$250,000
2024-03-05Listing removed--
2024-02-08Listing removed--
2024-01-17Listed for rent$2,000
2024-01-04Listed for sale$259,900
2023-12-02Listing removed--
2023-11-23Listing removed--
2023-11-07Price change$2,000
2023-09-30Price change$259,900
2023-09-26Listed for rent$2,200
2023-09-26Price change$264,900
2023-09-18Price change$265,000
2023-09-07Listed for sale$280,000
2016-09-16Sold$164,000

For Sale by Agent

AgentNancy Gaggino
BrokerageNancy Gaggino R.E. Broker

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