Skip To Content

503 12th St , #5

Miami Beach, FL 33139
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 177 Days
  • MLS #: A11968062
Under Contract
UPDATED: 53 min ago
$499,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 980
    SQFT
  • $509
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1940
County:
Area:

School Information

Middle School:
High School:

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.

Monthly Payment Calculator



Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-08-19T16:51:44.927.
www.djandlindseyrealestate.com/homes/173260569
Print Image

503 12th St , #5 Miami Beach, FL 33139

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 177 Days
  • Updated: 53 min ago
  • MLS #: A11968062
2
Beds
2
Baths
0
½ Baths
N/A
Acres
980
SQFT
$509
$/SQFT
1940
Built
Neighborhood:
Baylis Condo
County:
Miami-Dade
Area:
Baylis Condo
Middle School:
Nautilus
High School:
Miami Beach
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.
Exterior Features

Architectural Style Garden Apartment Carport Spaces 0 Construction Materials Concrete Block Construction Covered Spaces 0 Direction Faces South Garage YN No Parking Features On Street Pool Private YN No Property Attached YN Yes View Garden View View YN Yes Waterfront YN No

Interior Features

Adjusted Square Footage 980 Appliances Gas Range Building Area Total 980 Cooling Central Air Entry Level 1 Flooring OtherWood Heating Central Heating YN Yes Interior Features First Floor Entry Levels 1 Room Bedroom Features At Least 1 Bedroom Ground LevelEntry LevelPrimary Bath TubPrimary Bedroom Ground Level

Property Features

Association Amenities None Association Fee 550 Association Fee Frequency Monthly Association YN Yes Building Name BAYLIS CONDO Cooling YN Yes Horse YN No Listing Terms All CashConventionalFHA Maintenance Includes Building ExteriorHot WaterInsurancePest Control Interior Membership Purch Rqd YN No New Construction YN No Pets Allowed Yes Property Sub Type Condominium Public Survey Section 34 Restrictions Corporate Buyer OKNo Daily RentalsOk To Lease Security Features Fire AlarmCard Entry Structure Type Condo 1-4 StoriesCondo Tax Annual Amount 3781 Tax Year 2025 Type Of Association Condo Year Built Details Effective Year Built

Listing courtesy of Krimus Realty, LLC.: .


Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-08-19T16:51:44.927.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_4_A11968062-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_4_A11968062-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_4_A11968062-2.jpg
Logo
DJ & Lindsey Real Estate
731 A1A Beach Boulevard
Saint Augustine FL, 32080