Property 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
Cooling System
View
Pet Allowed:
Yes, No Pet Restrictions
Security
Appliances
Architectural Style
Association Amenities
Parking Features
Address Map
State:
FL
County:
Miami-Dade
City:
Miami Beach
Zipcode:
33139
Street:
503 12th St 5, Miami Beach, Florida 33139
Longitude:
W81° 51' 52.9''
Latitude:
N25° 47' 34.5''
MLS Addon
Association Fee:
$550
Association Fee Frequency:
Monthly
Bathrooms Total:
2
Building Area:
980 Sqft
Construction Materials:
Block
Cumulative DOM:
60
DOM:
60
Direction Faces:
South
Exterior Features
Flooring:
Wood, Hardwood, Other
Interior Features
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash, Conventional, FHA
Parcel Number:
02-32-34-110-0050
Stories Total:
2
Subdivision Name:
BAYLIS CONDO
Tax Annual Amount:
$3,781
Tax Year:
2025
Utilities
Virtual Tour:
Click Here

Residential For Sale

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

2 Bedrooms
2 Bathrooms
980 Sqft
$535,000
MLS # #A11968062
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Price :
$535,000
Bedrooms :
2
Bathrooms :
2
Square Footage :
980 Sqft
Year Built :
1940
MLS # :
A11968062
Property Sub Type :
Condominium
Agent info
Contact Agent