Condo in 503 12th Street 5, Miami Beach, FL 33139 for sale with MLS# A11968062
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.
503 12th Street 5, Miami Beach, FL 33139
- Price:
- $499,000.00
- Original List Price:
- $549,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $509.18
- More Listings Same Building:
- Baylis Condo in 503 12th St Miami Beach
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- July 1, 2026 7:44 pm
- Bedrooms:
- 2
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Master Bedroom Bath:
- Master Bdrm - Ground, Separate Tub, Bedroom On Entry Level
- Living Area:
- 980 Sqft
- Built-Up Area:
- 980 Sqft
- View from the Property:
- Garden
- Waterfront:
- No
- Security:
- Key Card Entry, Fire Alarm
- Appliances:
- Gas Range
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Property Entrance Faces:
- South
- Unit Description:
- Garden Apartment
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 1940
- Levels:
- Two
- Entry Level (floor):
- 1
- Construction Materials:
- Block
- Flooring:
- Wood, Other
- Number of stories:
- 2
- Stories:
- 1
- Flood Zone Code:
- AE
- Tax Annual Amount:
- $3,781.00
- Tax Year:
- 2025
- Association Fee:
- $550.00
- Association Fee Frequency:
- Monthly
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Parking Features:
- On Street
- Utilities Available:
- Cable Available
- Association
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 1-2 Weeks Approval
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, No Restrictions
- Lease Number Times per Year Allowed:
- 4
- Subdivision Name:
- BAYLIS CONDO
- Association Fee Includes:
- Pest Control, Maintenance Structure, Insurance, Hot Water
- Senior Community:
- No
- Restrictions:
- Other Restrictions
- Minimum Days per Lease:
- 90
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- BAYLIS CONDO UNIT 5 UNDIV 0.089522% INT IN COMMON ELEMENTS OFF REC 17829-0778 OR 18367-2431 1098 1 COC 25226-4835 12 2006 5
- Real Estate Folio Number (Parcel Number):
- 0232341100050
- Elementary School:
- Miami Beach Fienberg / Fisher K-8
- High School:
- Miami Beach
- Active on the market since:
- February 22, 2026
- Listing Agreement executed on:
- February 22, 2026
- Price change occurred on:
- July 1, 2026 7:44 pm
- Listing Status Last Changed On:
- February 22, 2026 5:00 am
- Photos updated on:
- July 6, 2026 2:10 am
- Last Modified:
- July 6, 2026 2:10 am
- Courtesy of:
- Krimus Realty, LLC.
- Attribution:
- Not provided
- Floor Number:
- 1
- Street Name:
- 12th
- Street Number:
- 503
- Unit Number:
- 5
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 46' 59.1''
- Longitude:
- W81° 52' 0.4''
- Street Suffix:
- Street
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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