503 12th St #5, Miami Beach, FL 33139
503 12th St #5, Miami Beach, FL 33139
503 12th St #5, Miami Beach, FL 33139
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$535,000
Est. payment /mo
2 Beds
2 Baths
980 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 980 sqft

Price per Sqft $545

Subdivision Baylis Condo

MLS Listing ID A11968062

Style Garden Apartment

Bedrooms 2

Full Baths 2

HOA Fees $550/mo

HOA Y/N Yes

Min Days of Lease 90

Leases Per Year 4

Year Built 1940

Annual Tax Amount $3,781

Tax Year 2025

Property Sub-Type Condominium

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.

Location

State FL

County Miami-dade

Community Baylis Condo

Area 32

Interior

Interior Features Bedroom on Main Level, First Floor Entry, Main Level Primary

Heating Central

Cooling Central Air

Flooring Hardwood, Other, Wood

Appliance Gas Range

Exterior

Exterior Feature Security/High Impact Doors

Utilities Available Cable Available

Amenities Available None

View Garden

Garage No

Private Pool Yes

Building

Faces South

Story 1

Architectural Style Garden Apartment

Level or Stories One

Structure Type Block

Schools

Middle Schools Nautilus

High Schools Miami Beach

Others

Pets Allowed No Pet Restrictions, Yes

HOA Fee Include Hot Water,Insurance,Maintenance Structure,Pest Control

Senior Community No

Restrictions Corporate Buyer OK,OK To Lease

Tax ID 02-32-34-110-0050

Security Features Key Card Entry

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11968062


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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Krimus Realty, LLC.

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Maria Kunigonis

Maria Kunigonis

+1(305) 300-8164

Broker Associate | BK3327478

Broker Associate BK3327478

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503 12th St #5