
$535,000
CondominiumActive503 12th St # 5, Miami Beach FL 33139
MLS #A11968062About This Property
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.
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About Miami Beach
Miami Beach is a barrier island city defined by its Art Deco Historic District, oceanfront condos, and year-round tourist energy along Ocean Drive, Lincoln Road, and Collins Avenue. The neighborhood ranges from the party-forward South Beach to quieter mid-Beach and North Beach pockets, plus the Faena District's newer luxury development on 32nd-36th streets. The city draws international buyers and second-home owners who want walkable beach living with full urban amenities.
Property Details
Property Type
Condominium
Year Built
1940
Living Area
980 sq ft
Bedrooms
2
Bathrooms
2
Pool
No
Waterfront
No
Cooling
Central Air
Heating
Central
Flooring
Other, Wood
Construction
Concrete Block Construction
Style
Garden Apartment
HOA Fee
$550 / Monthly
Annual Taxes
$3,781 (2025)
Days on Market
60
MLS #
A11968062
Features & Amenities
Interior
Appliances
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Similar Homes in Miami Beach
Location
City
Miami Beach
State
FL
ZIP Code
33139
County
Miami-Dade County
Listing provided by Michael Krimus at Krimus Realty, LLC.. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11968062.