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Presented by
The Prud'homme Team |
503 12th St, #5, Miami Beach, FL, 33139 | $549,000
Rare opportunity to own a true Art Deco gem in a prime South Beach location just steps to Washington and close to the beach. This bright first floor 2 bedroom 2 bathroom residence offers approximately 980 square feet and features the lowest HOA in South Beach for a unit of this size, delivering exceptional value in today’s market.
The unit preserves its original character with refinished Florida pine floors, wood flooring, and classic Art Deco fireplaces. Natural light fills the space, highlighting the historic charm throughout. The oversized kitchen features Florentin ceramic tile, a center island, two sinks, and two dishwashers with dual entry access for convenience.
Hurricane impact windows and a four year old AC system provide comfort and efficiency. The elevated building carries flood insurance through the HOA, with no planned assessments. Additional perks include assigned storage, basement storage, outdoor common yard space, monthly exterminator service, and flexible leasing up to 3 times per year with a 90 day minimum. City garage parking is located directly across the street with additional street parking on Drexel.
A rare blend of authentic Art Deco character, space, value, and location.
Features
- Heating: Central
- Cooling: Central Air
- Levels: 2
- Amenities: None
- Bedrooms: 2
- Baths: 2 full
- Complex: BAYLIS CONDO
- Year Built: 1940
- Common Charge: $550 Monthly
- Approx Sq. Feet: 980
- Est. Taxes: $3,781
- View: Garden
- Middle School: Nautilus
- High School: Miami Beach
- Pets Allowed: Yes
- Pet Policy: No Pet Restrictions,Yes
- Appliances: Gas Range
- MLS#: A11968062
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/A11968062/50312thst_miamibeach_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
The Prud'homme TeamSales Associates
ThePrudhommeTeam@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joseph HartleyInsurance Sales Director, William Raveis Insurance
954.729.6530
Joseph.Hartley@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
503 12th St, #5, Miami Beach, FL, 33139
$549,000
The Prud'homme Team
Sales Associates
William Raveis Real Estate
Phone: 843.341.5660
ThePrudhommeTeam@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $439,200 | $439,200 | $439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $315 | $315 | $315 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,425 | $2,598 | $3,502 |
| Total Monthly Payment | $2,832 | $3,005 | $3,909 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388