503 12th St # 5, Miami Beach FL 33139 | Miami-Dade County | A11968062
- $535,000
- $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
Frequently Asked Questions
How many bedrooms and bathrooms does this unit have?
What is the square footage and is the unit on the first floor?
What are the monthly HOA fees and are there any assessments?
Is the property located in a gated community?
What are the rental policy details for this unit?
What recent updates or features are included in the unit?
Monthly Fees & Carrying Costs
| Association Fee | $550 / month |
| Total Monthly Fees | $550 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Address
Open on Google Maps-
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
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees