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

Active For Sale
$499,000
  • Beds 2
  • Baths 2
  • Sq Ft 980 Sqft
  • Visits: 6 in 146 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.Bright unit with excellent natural light and great layout, offering a strong value-add opportunity for buyers looking to renovate and create equity.Located 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.Features include original Florida pine wood floors, decorative fireplace, impact windows, and newer AC system. Oversized kitchen layout provides ample space for redesign and modernization.Additional 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.Opportunity 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
  • 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
  • Street Number: 503
  • Street Suffix: Street
  • Floor Number: 0
  • Longitude: W81° 52' 0.4''
  • Latitude: N25° 46' 59.1''
  • UnitNumber: 5
  • MLS Area: 2320

MLS Addon

  • Association Amenities: No
  • Association Fee: $550
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Structure, Insurance, Pest Control, Hot Water
  • Close Price: $0
  • Elementary School: Miami Beach Fienberg / Fisher K-8
  • Exterior Features: Outdoor Living Area
  • Flooring: Wood, Other
  • High School: Miami Beach
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, Main Level Primary, Bathtub, Soaking Tub
  • Levels: One
  • New Taxes Expense: $0
  • Stories: 1
  • Stories Total: 2
  • Tax Annual Amount: $3,781
  • Utilities: Cable Available

Location

Listing Updated: 2026-07-12 14:59:12

  • Parent : 503::12th:33139:Miami Beach
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A11968062
  • Price : $499,000
  • 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 : 145
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