Basic Information

  • MLS # A11968062
  • Type Condominiums
  • Subdivision/Complex Baylis Condo
  • Year Built 1940
  • Total Sqft 980
  • Date Listed 02/22/2026
  • Days on Market 107
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.

Amenities

  • None

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description On Street
  • Exterior Features Security High Impact Doors

Interior Features

  • Adjusted Sqft 980Sq.Ft
  • Interior Features Bedroom On Main Level, First Floor Entry, Main Level Primary
  • Sqft 980 Sq.Ft

Property Features

  • Aprox. Lot Size 980
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $550
  • Subdivision Complex Baylis Condo
  • Subdivision Info Baylis Condo
  • Tax Amount $3,781
  • Tax Year 2025

503 12th St #5

Miami Beach, FL 33139

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