503 12th Street 5, Miami Beach, FL 33139

Listing Snapshot

About This Home

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.

General Features

Property Type

Residential

Sub-type

Condominium

Stories

2

Direction Faces

South

Parking

OnStreet

Security

FireAlarm,KeyCardEntry

Utilities

CableAvailable

Subdivision

BAYLIS CONDO

Interior Features

Appliances

GasRange

Flooring

Other,Wood

Heating

Central

Cooling

CentralAir

Interior Features

BedroomOnMainLevel,Bathtub,MainLevelPrimary,SoakingTub

Exterior Features

Construction

Block

Exterior Features

OutdoorLivingArea

View

Garden

Waterfront

No

Community Features

Association Amenities

None

Association Dues

$550 / monthly

MLS Area

2320

Schools

Map

Virtual Tour