503 12th St # 5, Miami Beach FL 33139

For sale Days on market 163

BAYLIS CONDO [ Condominium ]

$499,000

$509/sq ft

$50,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1940

Sqft

980

Property 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.

Property Details

MLS#

A11968062

Unit Floor

Total Floor in Bldg

Building

BAYLIS CONDO

Address

503 12th St

City

Miami Beach

State/county

Zip/Postal Code

33139

Area

Baylis Condo

Country

United States

HOA

Yes

Assoc Fee

$550

Assoc Fee Pd

Monthly

Tax Amount

$3,781

Maint Fee

$--

Tax Year

2025

Gas Range

Garden View

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