Linda Rutkauskas
Price Reduced 2.55%
Price History
$549,000
2/22/2026
$535,000
4/12/2026
503 12th St, #5, Miami Beach, FL, 33139
2 beds
2 Full baths
1940
Garden Apartment
980 sqft
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.
Status:
Active
Type:
Condo
Complex:
BAYLIS CONDO
Garage:
On Street
Heating:
Central
Cooling:
Central Air
Levels:
2
Common Charge:
$550 Monthly
Est. Taxes:
$3,781
HOA Fee
$550
Construction
Block
Utilities
Cable Available
View Description:
Garden
Amenities:
None
Middle School:
Nautilus
High School:
Miami Beach
Days on Market:
60
Pet Allowed:
Yes
Pet Policy:
No Pet Restrictions, Yes
Appliances:
Gas Range
MLS #:
A11968062
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Krimus Realty, LLC. 786-630-3835