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503 12th St Unit 5, Miami Beach, Florida 33139

Active For Sale
$535,000
  • Beds 2
  • Baths 2
  • Sq Ft 980 Sqft
  • Visits: 35 in 74 days

Description

Best value 2 bedroom 2 bathroom in South Beach for this size. Spacious 980 square foot first-floor Art Deco condo in the heart of South Beach, just steps from Washington Avenue and a short walk to the beach.rnBright unit with excellent natural light and great layout, offering a strong value-add opportunity for buyers looking to renovate and create equity.rnLocated in a gated community with exceptionally low HOA for a unit of this size and no current assessments, keeping monthly carrying costs far below comparable properties in the area. Flexible rental policy allows up to four leases per year with a 90 day minimum, making it ideal for both end-users and investors.rnFeatures include original Florida pine wood floors, decorative fireplace, impact windows, and newer AC system. Oversized kitchen layout provides ample space for redesign and modernization.rnAdditional highlights include assigned storage, extra basement storage, and access to a shared outdoor yard area. City garage parking conveniently located nearby. Washer and dryer installation permitted per association.rnOpportunity to own one of the largest 2/2 floor plans in this price range in South Beach with low carrying costs, no assessments, and strong upside potential.

Features

  • Heating System: Central
  • Cooling System: Central Air
  • Pet Policy: Yes, No Pet Restrictions
  • Security: Key Card Entry
  • Parking: On Street

Appliances

  • Appliances: Gas Range

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami Beach
  • Subdivision: BAYLIS CONDO
  • Zipcode: 33139
  • Street: 12th St
  • Street Number: 503
  • Floor Number: 0
  • Longitude: W81° 51' 52.9''
  • Latitude: N25° 47' 34.5''
  • UnitNumber: 5
  • MLS Area: 32

MLS Addon

  • Architectural Style: Garden Apartment
  • Association Amenities: No
  • Association Fee: $550
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure, Insurance, Pest Control, Hot Water
  • Close Price: $0
  • Exterior Features: Security/High Impact Doors
  • Flooring: Wood, Other, Hardwood
  • High School: Miami Beach
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, First Floor Entry, Main Level Primary
  • Levels: One
  • Listing Terms: Cash, Conventional, FHA
  • Middle Or Junior School: Nautilus
  • New Taxes Expense: $0
  • Stories: 1
  • Stories Total: 2
  • Tax Annual Amount: $3,781
  • Tax Year: 2025
  • Utilities: Cable Available

Location

Listing Updated: 2026-04-24 01:15:15

  • Parent : 503::12th St:33139:Miami Beach
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A11968062
  • Price : $535,000
  • View : Garden
  • Bedrooms : 2
  • Bathrooms : 2
  • Full Bathrooms : 2
  • Half Bathrooms : 0
  • Square Footage : 980 Sqft
  • Year Built : 1940
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 73
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