Home » Properties » 7900 Tatum Waterway Dr # 502, Miami Beach FL 33141

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Waterfront Penthouse Condo with Sunset Views in Miami Beach

Charming 1-bedroom, 1-bath condo with stunning water views, covered parking, and a pet-friendly community in Miami Beach.

$245,000

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MLS #A11636191

Listing Updated: 2026-05-10 16:31:58

Listed By: Nancy Gaggino R.E. Broker

Overview

This spacious 799 sq ft penthouse condominium offers serene water views and breathtaking sunsets in the sought-after Waterway Plaza community of Miami Beach. Featuring updated bathrooms, new central air conditioning, and ample closet space, the unit is freshly painted and move-in ready. Residents enjoy the convenience of first-floor entry and an assigned covered parking space, with pet-friendly policies enhancing lifestyle flexibility. Situated east of US-1, the location offers easy access to local amenities and a laid-back coastal vibe.Built in 1973, this active listing combines classic charm with modern comforts. The well-maintained association boasts full reserves, including a fully paid special assessment. Perfect for those seeking a tranquil urban retreat with waterfront ambiance, this unit also comes with a reliable tenant currently leasing at $2075 monthly, highlighting its appeal in Miami Beach’s residential market.

Property Highlights

Penthouse unit with water and sunset views; updated bathrooms; new central A/C; 1 assigned covered parking space; pet-friendly; freshly painted; full association reserves; tenant-occupied at $2075/month.

Property Details

City: Miami Beach

State: FL

Zip Code: 33141

Address: 7900 Tatum Waterway Dr # 502, Miami Beach FL 33141

Year Built: 1973

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: Nancy Gaggino R.E. Broker

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Assigned

Interior Features: First Floor Entry

Exterior Features: East Of Us1, Other

Waterfront: Yes

Pool: No

HOA Fee: $622

Annual Tax: $1,821

Days On Market: 281 Days

Original Listing Description

The original MLS listing description is not available for this property.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

7900 Tatum Waterway Dr # 502, Miami Beach FL 33141

About This Neighborhood

Waterway Plaza in Miami Beach is known for its peaceful waterfront environment paired with easy city access. Residents enjoy a quiet community setting while being moments away from major thoroughfares for commuting or leisure. This neighborhood blends coastal tranquility and urban convenience, appealing to buyers who appreciate a relaxed yet connected lifestyle. The surrounding area features a blend of residential amenities and natural waterway views, creating an inviting place to call home within Miami Beach’s dynamic landscape.

Walkability & Lifestyle

Waterway Plaza offers a lifestyle where daily conveniences and leisure blend seamlessly. Walkable pathways near the waterfront encourage outdoor activities and casual strolls. Residents can easily access nearby dining spots, local shops, and beach areas, enhancing the balance between relaxation and urban amenities. This walkable environment appeals to those who prioritize convenience alongside scenic waterfront living in Miami Beach.

Things To Do Nearby

Living at Waterway Plaza places you close to a variety of recreational options including waterfront parks, boating facilities, and beachfront leisure. Miami Beach’s vibrant dining scene and nightlife are just a short drive away, providing diverse experiences from casual cafes to elegant restaurants. Outdoor enthusiasts also appreciate nearby golf courses and cultural attractions that enrich daily life in this coastal city.

Nearby Schools

Families living in this area benefit from accessible schools within Miami Beach’s educational network. The neighborhood’s location supports convenient commuting to local schools, which eases daily routines for families and guardians. Miami Beach offers a variety of public and private education options, making the community suitable for residents valuing proximity to quality schooling while enjoying coastal living.

Why Buyers Like This Area

Buyers are drawn to this Miami Beach condo for its combination of stunning water views and practical living features like covered parking and updated interiors. The pet-friendly community and strong association stability add peace of mind. Its location east of US-1 offers an ideal balance of serene surroundings with easy access to urban amenities and recreation. This property suits those who value waterfront tranquility without sacrificing convenient city access.

Investment Potential

Located in Miami Beach’s vibrant Waterway Plaza, this one-bedroom condominium offers a practical choice for buyers considering rental or seasonal leasing options. Its waterfront position and calm sunsets appeal to tenants seeking a relaxed lifestyle close to the city. The currently leased unit demonstrates steady rental interest within a pet-friendly community that maintains healthy association reserves. This setting often enhances seasonal rental demand linked to Miami Beach’s year-round coastal appeal, making it a residence with noteworthy rental potential without heightened speculation.

Market Trends

Miami Beach continues to attract buyers looking for waterfront residences that combine comfort and accessibility. Older condominiums like this 1973 penthouse hold strong appeal due to their unique views and established communities. The market shows steady interest in homes offering convenient parking and pet-friendly policies alongside updated interiors. Buyers often appreciate properties that balance serene water vistas with proximity to city amenities, supporting sustained demand in well-positioned neighborhoods such as Waterway Plaza.

Rental Income Potential

This penthouse condo’s location and features contribute to its attractiveness in Miami Beach’s rental market. Waterfront views and pet-friendly policies are desirable traits among renters seeking both comfort and scenic surroundings. The property’s current lease illustrates ongoing tenant interest and aligns with seasonal demand patterns typical in coastal communities. While rental income can fluctuate, this unit’s accessibility and upkeep help it remain a compelling option for those considering rental cash flow in the area.