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$535,000
92 Days On Site

503 12th St 5
Miami Beach, FL 33139

For Sale|Condominium|Active
2
Beds
2
Total Baths
2
Full Baths
980
SqFt
$546
/SqFt
1940
Built
Subdivision:
BAYLIS CONDO
County:
Miami-Dade

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503 12th St 5503 12th St 5503 12th St 5503 12th St 5
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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.

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Listing Snapshot
Price 
$535,000
Days On Site 
92 Days
Bedrooms 
2
Inside Area (SqFt) 
980 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1940
MLS® Number 
A11968062
Status 
Active
Property Tax 
$3,781
HOA/Condo/Coop Fees 
$550 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoPrice changed to $535,000
a month agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Direction Faces 
South
Disclosures 
None
Levels 
One
Number Of Stories 
2
Parking 
On Street
Pets 
Yes
Property Sub Type 
Condominium
Security 
Key Card Entry
SqFt Total 
980
Style 
GardenApartment
Utilities 
Cable Available
Interior Features
Appliances 
Gas Range
Cooling 
Central Air
Flooring 
HardwoodOtherWood
Heating 
Central
Interior 
Master Downstairs
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Exterior Features
Construction Details 
Block
View 
Garden
Waterview 
Garden
Community Features
Association Amenities 
NoneHot Water
Association Dues 
550
Building Access 
1
Financing Terms Available 
CashConventionalFHA
HOA Fee Frequency 
Monthly
MLS Area 
32
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Nautilus
High School
Miami Beach
Listing courtesy of Krimus Realty, LLC.

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2026, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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