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$535,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 980 Sq. Ft.
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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.

Full Property Details for 503 12th St #5

General

  • Price: $535,000
  • HOA FEE: $550/month
  • Taxes: $3,781 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11968062
  • Updated: 4/23/2026
  • Added to Site: 94 day(s) ago

Interior

  • Interior Features: First Floor Entry
  • Appliances: Gas Range
  • Flooring: Other, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub, Primary Bedroom Ground Level

Additional Information

  • Shared Amenities: None
  • Maint. Includes: Building Exterior, Hot Water, Insurance, Pest Control Interior
  • Security/Safety: Fire Alarm, Card Entry

Parking

  • Parking Features: On Street

Location

  • Area: Baylis Condo
  • County: Miami-Dade County
  • Subdivision: BAYLIS CONDO
  • Building Name: BAYLIS CONDO
  • Direction Faces: South

School Information

  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: Baylis Condo
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: Garden Apartment
  • Structure Type: Condo 1-4 Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Doors: High Impact Doors
  • Entry Floor Number: 1
  • Building Size: 980
  • Square Feet: 980
  • Living Area: 980 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Property View: Garden View

Financial Considerations

  • Price Per Sq. Ft.: $545.92
  • Association Fee: $550
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,781
  • Tax Year: 2025
  • Terms: All Cash, Conventional, FHA

Disclosures and Reports

  • 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
  • Restrictions: Corporate Buyer OK, No Daily Rentals, Ok To Lease
  • Property ID: 02-32-34-110-0050

Listed by Krimus Realty, LLC.

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Listing agent

— 503 12th St #5 —

  • Krimus Realty, LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 503 12th St #5

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.2 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 12th St #5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/12/2026
Price Reduced
$535,000
-2.55%
MLS
2/22/2026
Listed
$549,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 503 12th St #5

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,781
3%
$243,188
3%
2024
$3,667
3%
$236,335
3%
2023
$3,559
5%
$229,452
6%
2021
$3,386
-1%
$216,281
-3%
2022
$3,411
1%
$222,769
4%
2021
$3,386
4%
$213,295
2%
2019
$3,250
6%
$208,500
2%
2018
$3,076
1%
$204,613
2%
2017
$3,039
—
$200,405
2%
2016
$3,025
-1%
$196,284
1%
2015
$3,061
-2%
$194,920
1%
2014
$3,112
2%
$193,374
1%
2013
$3,057
—
$190,517
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Krimus Realty, LLC.

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503 12th St #5, Miami Beach, FL 33139 (MLS# A11968062) is a Condo property with 2 bedrooms and 2 full bathrooms. 503 12th St #5 is currently listed for $535,000 and was received on February 22, 2026. Want to learn more about 503 12th St #5? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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