503 12th St # 5, Miami Beach FL 33139 | Miami-Dade County | A11968062
  • $535,000

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.

Property Overview

Looking for a 2-bedroom, 2-bathroom condo in the heart of South Beach? This 980-square-foot unit on the first floor of the Baylis Condo offers a rare combination of size and value in one of Miami Beach’s most iconic neighborhoods. Located at 503 12th Street, the home is just steps from Washington Avenue and a short walk to the beach, making it an ideal location for those who want to be in the middle of the action. Built in 1940, the unit retains its original Florida pine wood floors and features a decorative fireplace, impact windows, and a newer AC system. The layout is open and well-proportioned, with bright, airy rooms that take full advantage of natural light. The kitchen offers an oversized layout, making it a great candidate for customization and modernization. The unit has two assigned storage spaces, including extra basement storage, and access to a shared outdoor yard area. With a low HOA fee of $550 per month and no current assessments, the monthly costs are significantly lower than many comparable units in the area. This condo is part of a gated Art Deco community with flexible rental policies that allow up to four leases per year with a 90-day minimum. That makes it a strong option for both primary residents and investors looking for a solid return. Parking is available in the city garage. For more details or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

How many bedrooms and bathrooms does this unit have?

This unit has 2 bedrooms and 2 full bathrooms.

What is the square footage and is the unit on the first floor?

The unit is 980 square feet and located on the first floor.

What are the monthly HOA fees and are there any assessments?

The monthly HOA fee is $550, and there are no current assessments.

Is the property located in a gated community?

Yes, the property is located in a gated community.

What are the rental policy details for this unit?

The unit allows up to four leases per year with a 90-day minimum rental period.

What recent updates or features are included in the unit?

The unit includes impact windows, a newer AC system, original Florida pine wood floors, and a decorative fireplace.

Monthly Fees & Carrying Costs

Association Fee $550 / month
Total Monthly Fees $550 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 12th St
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139
  • Area: BAYLIS CONDO

Details

Updated on June 27, 2026 at 1:52 pm
  • Property ID A11968062
  • Price $535,000
  • Property Size 980 Sq Ft
  • Bedrooms 2
  • Room 0
  • Bathrooms 2
  • Garage 0
  • Year Built 1940
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Other, Wood
  • Bedroom Features At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub, Primary Bedroom Ground Level
  • Cooling Central Air
  • Association Type Condo
  • Building BAYLIS CONDO
  • Association Fee Frequency Monthly
  • Area Baylis Condo
  • Annual Tax 3781
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional, FHA
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision BAYLIS CONDO
  • Total Stories 2
  • Restrictions Corporate Buyer OK, No Daily Rentals, Ok To Lease
  • Maintenance Includes Building Exterior, Hot Water, Insurance, Pest Control Interior
  • Amenities None
  • Parking On Street
  • Heating Central
  • Structure Type Condo 1-4 Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Building Area 980
  • Covered Spaces 0
  • Middle School Nautilus
  • Unit Floor 1
  • View Garden View
  • Year Built Details Effective Year Built
  • High School Miami Beach
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 5
  • Half Bathrooms 0
  • Flood Zone AE
  • New Construction No
  • Garage Spaces 0
  • Style Condo 1-4 Stories
  • Association Fee 550
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

Mortgage Calculator

Schedule a Tour

Tour Type

Contact Information

View Listings
Christopher Lazaro

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare