Skip main navigation
For sale
    • Price cut: $36K (7/1)
    $499,000

    503 12th St APT 5, Miami Beach, FL 33139

    2beds
    980sqft
    : 
    Loading
    Get pre-qualified
    Condominium
    Built in 1940
    -- sqft lot
    $483,500 Zestimate®
    $509/sqft
    $550/mo HOA

    What's special

    Decorative fireplaceOversized kitchen layoutImpact windowsNewer ac system
    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.
    143 days
    |
    277
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Krimus 786-630-3835,

    Krimus Realty, LLC.

    Source: MIAMI,MLS#: A11968062MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Gas Range
      Features
      • Flooring: Other, Wood
      • Doors: High Impact Doors
      Interior area
      • Total structure area: 980
      • Total interior livable area: 980 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Entry location: First Floor Entry
      • Has view: Yes
      • View description: Garden
      Details
      • Parcel number: 0232341100050

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction
      Condition
      • Year built: 1940

      Community & HOA

      Community
      • Security: Fire Alarm, Card Entry
      • Application fee: $150
      • Pet fee: $0
      • Subdivision: Baylis Condo
      HOA
      • Has HOA: Yes
      • Amenities included: None
      • HOA fee: $550 monthly
      Location
      • Region: Miami Beach

      Financial & listing details

      • Price per square foot: $509/sqft
      • Tax assessed value: $374,220
      • Annual tax amount: $3,781
      • Date on market: 2/22/2026
      • Listing terms: All Cash,Conventional,FHA

        Estimated market value

        $483,500

        $459,000 - $508,000

        $3,428/mo

        Price history

        DateEventPrice
        7/1/2026Price change$499,000-6.7%$509/sqft
        Source: MIAMI #A11968062 Report a problem
        4/12/2026Price change$535,000-2.6%$546/sqft
        Source: MIAMI #A11968062 Report a problem
        2/22/2026Listed for sale$549,000+385%$560/sqft
        Source: MIAMI #A11968062 Report a problem
        12/3/1998Sold$113,200$116/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,781 +3.1%$243,188 +2.9%
        2024$3,667 +3%$236,335 +3%
        2023$3,559 +4.3%$229,452 +3%
        2022$3,411 +0.7%$222,769 +3%
        2021$3,386 +1.4%$216,281 +1.4%
        2020$3,340 +2.8%$213,295 +2.3%
        2019$3,250 +5.7%$208,500 +1.9%
        2018$3,076 $204,613 +2.1%
        2017$3,076 +1.2%$200,405 +2.1%
        2016$3,039 -0.7%$196,284 +0.7%
        2015$3,061 -1.6%$194,920 +0.8%
        2014$3,112 +3.4%$193,374 +1.5%
        2013$3,011 $190,517 +1.7%
        2012$3,011 +2.8%$187,333 +3%
        2011$2,930 -4.2%$181,877 +1.5%
        2010$3,057 -0.6%$179,190 -5.6%
        2009$3,077 -4.2%$189,853 +19.3%
        2007$3,211 -11.5%$159,140
        2006$3,628 --
        2005$3,628 +1.6%--
        2004$3,572 -14.3%--
        2003$4,167 +36.8%--
        2002$3,046 --
        2001$3,046 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        98 / 100
        Walker's Paradise
        56 / 100
        Good Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Nautilus
        • High: Miami Beach

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Miami Beach Topics

                Search
                Updates
                Favorites
                Plan
                Inbox