503 12th St # 5, Miami Beach FL 33139, photo 1
1 / 43

$535,000

CondominiumActive
⏱️ Listed 73 days ago (~2 months)⬇️ Price reduced $14,000 (3%) on April 12, 2026
2Beds
2Baths
980Sq Ft
1940Built

503 12th St # 5, Miami Beach FL 33139

MLS #A11968062

About 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.

Schedule a Tour

Pick a date and time that works for you

Select a date

Marie I. Sanjurjo
Licensed Broker
Blue Mar Real Estate Group
📞 (305) 680-5672✉️ marie@bluemargroup.com

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.

Explore Miami Beach📊 Miami Beach market report

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

First Floor Entry

Appliances

Gas Range

Other

On Street

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.

Assigned Public Schools
Elementary
Miami Beach Fienberg/Fisher K-8 Center
Grades PK-8
1420 Washington Ave., Miami Beach 33139
Middle
Nautilus MS
Grades 6-8
4301 N Michigan Ave., Miami Beach 33140
High
Miami Beach Senior High
Grades 9-12
2231 Prairie Ave., Miami Beach 33139
Private Schools Within 5 Miles
Lubavitch Educational Center - Yeshiva Gedolah0.5 mi
1140 Alton Rd, Miami Beach
BaseCamp 305 Jr0.7 mi
420 Jefferson Ave, Miami Beach
Lincoln-Marti Community Agency 410.7 mi
1700 Jefferson Ave, Miami Beach
South Pointe Elementary School0.8 mi
1050 4th St, Miami Beach
Rabbi Alexander S. Gross Hebrew Academy1.2 mi
2400 Pine Tree Dr, Miami Beach
Daughters of Israel Mikvah1.4 mi
2530 Pine Tree Dr, Miami Beach
Fisher Island Day School1.6 mi
2 Fisher Island Dr, Miami Beach
St Patrick Catholic School2.0 mi
3700 Garden Ave, Miami Beach

School data source: Miami-Dade County Open Data Hub

Similar Homes in Miami Beach

$549,000
Address hidden
2 bd · 1 ba · 806 sqft
$515,000
Address hidden
2 bd · 2 ba · 820 sqft
$500,000
Address hidden
2 bd · 2 ba · 990 sqft
$500,000
Address hidden
2 bd · 2 ba · 1,048 sqft
$499,900
Address hidden
1 bd · 1 ba · 820 sqft
$499,000
Address hidden
2 bd · 2 ba · 925 sqft

Location

Loading map…

City

Miami Beach

State

FL

ZIP Code

33139

County

Miami-Dade County

$535,000
503 12th St # 5, Miami Beach FL 33139
2Beds
2Baths
980Sq Ft
📞 (305) 680-5672

Listing provided by Michael Krimus at Krimus Realty, LLC.. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11968062.