503 12th Street 5 Miami Beach, FL 33139
2 Bedroom, 980 Sqft, Condominium
AGENT'S REMARKS ABOUT 503 12TH STREET 5
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.$499,000
| Bedrooms | 2 |
| Bathrooms | 2 Full |
| Living Area | 980 SqFt |
| Year Built | 1940 |
| Private Pool | No |
| Subdivision | BAYLIS CONDO |
| MLS# | A11968062 |
| Listing Status | Active Under Contract |
| Days on Market | 2026-02-22 |
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PROPERTY DETAILS
- Property Type: Condominium
- Approx Living Area: 980 SqFt
- Total Bedrooms: 2
- Bathrooms: 2 Full
- Year Built: 1940
- Stories: 2
- Parking Type: On Street
- Other Appliances: Gas Range
- Flooring: Other, Wood
- Age Restrictions: No
- Total Floors in Building: 2
- House Faces/Primary View: South
- Construction: Block
- Cooling System: Central Air
- Heating: Central
- Utility Information: Cable Available
- Pets Allowed: Yes, N
- County: Miami-Dade
- Area: 2320
- Subdivision: BAYLIS CONDO
- Community Features: None
- Age Restricted: No
- Security: Fire Alarm, Key Card Entry
- Annual Property Taxes: $3,781
- Elementary School: Miami Beach Fienberg / Fisher K-8
- High School: Miami Beach
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MAP LOCATION FOR 503 12TH STREET 5 MIAMI BEACH, FL 33139
SIMILAR LISTINGS NEAR 503 12TH STREET 5
1 bd • 1 ba • 655 Sq Ft
401 Ocean Drive 222 (with Parking) Miami Beach FL, 33139
Listing courtesy of Krimus Realty, LLC. 08.07.2026
If you are interested in this property at 503 12th Street 5 or any other properties in Miami Beach please contact The Rucco Group at (561) 737-0366.