503 12th St Unit #5, Miami Beach, FL 33139
- $499,000
- 2
- BD
- 2
- BA
- 980
- SqFt
- List Price
- $499,000
- Price Change
- ▼ $36,000 1782949901
- MLS#
- A11968062
- Complex Name
- Baylis Condo
- Status
- ACTIVE WITH CONTRACT
- Type
- Condo
- Bedrooms
- 2
- Full baths
- 2
- Living Area
- 980
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.
Additional Information
- Days on Market
- 149
- Interior Features
- First Floor Entry
- Tax Amount
- $3,781
- Parcel Number
- 02-32-34-110-0050
- Bedroom Description
- At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub, Primary Bedroom Ground Level
- Front Exposure
- South
- Association Fee
- $550
- Unit View
- Garden View
- Parking Restrictions
- On Street
- Pet Restrictions
- Yes
- Pets Allowed
- Yes
- Unit Number
- 5
- SqFt Liv Area
- 980
- Amenities
- None
- Year Built
- 1940
- Style
- Condo 1-4 Stories, Condo
- Restrictions
- Corporate Buyer OK, No Daily Rentals, Ok To Lease
- Development Name
- Baylis Condo
- Middle School
- Nautilus
- Senior High School
- Miami Beach
- Construction Type
- Concrete Block Construction
- Section
- 34
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Listing Courtesy of Krimus Realty, LLC., Contact: