$499,000
Miami Beach, FL 33139
MLS# A11968062
Status: Active Under Contract
2 beds | 2 baths | 980 sqft
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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.
Details
Maps
Contract Information
Comp Sale YN: No
Occupant Type: Owner
Listing Date: 2026-02-22
Status: Active Under Contract
Original List Price: 549000
List Price: $499,000
Current Price: $499,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Zip: 33139
Subdivision Number: 110
Special Assessment YN: No
Flood Zone: AE
Country: United States
Street Number: 503
Street Name: 12th
Street Suffix: Street
Unit Number: 5
State Or Province: FL
Postal Code: 33139
Postal Code +4: 4549
Subdivision Name: BAYLIS CONDO
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Parcel Number: 0232341100050
General Property Information
Unit Floor #: 1
Adjusted Area Main: 980
Living Area Main: 980
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 1
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 980
Year Built: 1940
Direction Faces: South
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 550
Membership Fee Required YN: No
Association YN: 1
Association Fee: 550
Association Fee Frequency: Monthly
Tax Annual Amount: 3781
Tax Year: 2025
Tax Legal Description: BAYLIS CONDO UNIT 5 UNDIV 0.089522% INT IN COMMON ELEMENTS OFF REC 17829-0778 OR 18367-2431 1098 1 COC 25226-4835 12 2006 5
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 150
Application Information
1-2 Weeks Approval: 1
Amenities
None: 1
Association Fee Includes
Hot Water: 1
Insurance: 1
Maintenance Structure: 1
Pest Control: 1
Entry Information
Entry Level: 1
Flooring
Wood: 1
Other: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Parking Features
On Street: 1
Short Sale Details
Short Sale Addendum: No
Possession
Close Of Escrow: 1
Utilities
Cable Available: 1
View
Garden: 1
Heating
Central: 1
Leasing Restrictions
Leasing - Max Times Per Year: 4
Leasing - Minimum Number of Days: 90
Unit Description
Garden Apartment: 1
Appliances
Gas Range: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Security Features
Fire Alarm: 1
Key Card Entry: 1
Cooling
Central Air: 1
Ceiling Fan Details
Number Of Ceiling Fans: 2
Association Type
Condominium: 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Master Bdrm - Ground: 1
Separate Tub: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Restrictions
Other Restrictions: 1
Storm Protection
Impact Glass: Partial
Price Calculations
Current Price To SqFt: 509.18
Section Details
Parcel Number MLX: 0050
Status Change Information
Major Change Timestamp: 2026-07-21T20:51:20Z
Major Change Type: Status Change
Price Change Timestamp: 2026-07-01T19:44:40Z
Status Change Date: 2026-07-21
Under Contract Type: Active Under Contract
Under Contract Date: 2026-07-21
Originating Details
Originating System Key: 426999155
Originating System ID: M00000151
Property Features
Application Information: 1-2 Weeks Approval
Association Fee Includes: Hot Water; Insurance; Maintenance Structure; Pest Control
Flooring: Wood; Other
Leasing Permitted Details: Okay To Lease
Parking Features: On Street
Appliances: Gas Range
Construction Materials: Block
Cooling: Central Air
Association Type: Condominium
Heating: Central
Listing Terms: Cash; Conventional; FHA
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: Other Restrictions
Security Features: Fire Alarm; Key Card Entry
Unit Description: Garden Apartment
Utilities: Cable Available
View: Garden
Showing Requirements: Call Listing Agent; Showing Service
Listing Office: Krimus Realty, LLC.
Last Updated: August - 07 - 2026
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