503 12th Street 5, Miami Beach, FL 33139

$535,000

Virtual Tour

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

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 980 Status: Active

Current Price: $535,000 List Date: 2/22/2026 Last Modified: 6/23/2026

Overview

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 convenient ... (Read more)

Listing Details MLS# A11968062

General Property Information

Unit Floor #: Yes
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 980
Living Area Main: 980
Adjusted Area Main: 980
Year Built: 1940
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: Yes
Direction Faces: South

Property Features

Application Information: 1-2 Weeks Approval Association Fee Includes: Hot Water; Insurance; Maintenance Structure; Pest Control Flooring: Wood; Other Leasing Permitted Details: Okay To Lease Parking Features: On Street Appliances: Gas Range Construction Materials: Block Cooling: Central Air Association Type: Condominium Heating: Central Listing Terms: Cash; Conventional; FHA Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: Other Restrictions Security Features: Fire Alarm; Key Card Entry Unit Description: Garden Apartment Utilities: Cable Available View: Garden Showing Requirements: Call Listing Agent; Showing Service

Contract Information

Comp Sale YN: No
Original List Price: 549000
Occupant Type: Owner

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 503
Street Name: 12th
Street Suffix: Street
Unit Number: 5
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4549
Postal Zip: 33139
Subdivision Name: BAYLIS CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Special Assessment YN: No
Parcel Number: 0232341100050
Subdivision Number: 110
Flood Zone: AE

Financial Information

Association YN: Yes
Association Fee: 550
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 3781
Tax Year: 2025
Tax Legal Description: BAYLIS CONDO UNIT 5 UNDIV 0.089522% INT IN COMMON ELEMENTS OFF REC 17829-0778 OR 18367-2431 1098 1 COC 25226-4835 12 2006 5

Status Change Information

Major Change Timestamp: 2026-04-12T20:36:44Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-12T20:36:44Z
Status Change Date: 2026-02-22

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Short Sale Details

Short Sale Addendum: No

Ceiling Fan Details

Number Of Ceiling Fans: 2

Leasing Restrictions

Leasing - Max Times Per Year: 4
Leasing - Minimum Number of Days: 90

Storm Protection

Impact Glass: Partial

Section Details

Parcel Number MLX: 0050

Originating Details

Originating System Key: 426999155
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

None: Yes

Association Fee Includes

Hot Water: Yes
Insurance: Yes
Maintenance Structure: Yes
Pest Control: Yes

Flooring

Wood: Yes
Other: Yes

Parking Features

On Street: Yes

Possession

Close Of Escrow: Yes

Utilities

Cable Available: Yes

View

Garden: Yes

Heating

Central: Yes

Unit Description

Garden Apartment: Yes

Appliances

Gas Range: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Security Features

Fire Alarm: Yes
Key Card Entry: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Master Bdrm - Ground: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

Other Restrictions: Yes

Listing Office: Krimus Realty, LLC.

Last Updated: June - 23 - 2026

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503 12th Street 5, Miami Beach, FL 33139 (MLS# A11968062)