503 12th St #5
503 12th St #5 Miami Beach 331392 bedrooms | 2 bathroom | 0 half bath | 980 sqft
$535,000
Property Details
- MLS #
- A11968062
- Unit #
- 5
- Address
- 503 12TH ST #5 map
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area (f2)
- 980
- Living Area (M2)
- 91
- Year Built
- 1940
- Waterfront
- Status
- Active
- Listing Type
- Condo/Townhome
- Maintenance Fee
- $550
- Complex
- BAYLIS CONDO
- Days On Market
- 90
- Pool
- Pets Allowed
- N/A
- Parking Spaces
- 0
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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 Amenities
Equipment
- Gas Range
Interior Features
- First Floor Entry
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|---|---|---|---|---|---|---|---|
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| 1250 Drexel Ave #8 | 8 | $189,000 | 0/1 | 490 | 46 | $801 | |
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| 500 14th St #101 | 101 | $197,900 | 1/1 | 543 | 50 | $911 | |
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Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 2A | 05/11/2026 | $336,618 | $394,000 | 2 | 1 | 874 | 4 months |
| 1238 | 04/30/2026 | $450,000 | $469,000 | 1 | 1 | 550 | 7 months |
| 103 | 04/30/2026 | $440,000 | $440,000 | 2 | 2 | 995 | 3 months |
| 301 | 04/29/2026 | $465,500 | $465,000 | 2 | 2 | 1,047 | 1 month |
| 702 | 04/29/2026 | $490,000 | $490,000 | 1 | 1 | 820 | 4 months |
| 1 | 04/28/2026 | $385,000 | $400,000 | 1 | 1 | 686 | 1 month |
| 202 | 04/28/2026 | $650,000 | $650,000 | 2 | 2 | 1,038 | 3 weeks |
| 431 | 04/28/2026 | $1,495,000 | $1,647,000 | 1 | 1 | 933 | 5 months |
| 15B | 04/17/2026 | $360,000 | $384,900 | 1 | 2 | 917 | 6 months |
| 403 | 04/15/2026 | $365,000 | $389,000 | 2 | 2 | 992 | 9 months |
| 1209 | 04/03/2026 | $355,000 | $380,000 | 1 | 1 | 515 | 10 months |
| 1626 | 03/31/2026 | $415,000 | $455,000 | 1 | 1 | 550 | 5 months |
| 423 | 03/23/2026 | $455,000 | $499,900 | 1 | 1 | 890 | 3 months |
| 747 | 03/16/2026 | $3,150,000 | $3,449,000 | 4 | 4 | 2,565 | 3 months |
| 4 | 03/11/2026 | $175,000 | $174,000 | 0 | 1 | 320 | 2 weeks |
| 619 | 03/10/2026 | $510,000 | $545,000 | 0 | 1 | 525 | 1 year |
| 601 | 03/09/2026 | $365,000 | $389,000 | 2 | 1 | 878 | 4 months |
| 2 | 03/06/2026 | $240,000 | $250,000 | 1 | 1 | 700 | 4 months |
| 7 | 03/05/2026 | $380,000 | $399,000 | 1 | 1 | 729 | 1 month |
| 202 | 03/05/2026 | $182,500 | $185,000 | 1 | 1 | 428 | 1 month |
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Corey Schwartz | Broker Associate | Gravity Real Estate
Gravity Real Estate is an independent real estate brokerage servicing the South Florida real estate community
