$499,000
503 12th Street 5
Miami Beach, FL 33139
BAYLIS CONDO
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $499,000
- Price per sq ft
- $509
- Original price
- $549,000
- Days on market
- 149
This 2-bedroom condo in ZIP 33139 went under contract with an asking price of $499,000, or $509 per square foot. The asking price has come down 9.1% from its original $549,000. It spent 149 days on the market before going under contract.
Estimated monthly payment
$2,622 /mo
Principal and interest only, based on $99,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $550/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $499,000
- Days on Site
- 149 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 980 sqft
- Total Sq Ft
- 980 sqft
- Year Built
- 1940
- Property Type
- Condo
- MLS #
- A11968062
- Property Tax
- $3,781 (2025)
- HOA Fees
- $550 / Monthly
- Subdivision
- BAYLIS CONDO
- County
- Miami Dade
- Status
- Under Contract
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.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1940
- Number of Stories
- 2
- Levels
- One
- Garage Spaces
- 0
- Parking
- On Street
- Direction Faces
- South
- Living Sq Ft
- 980
- Total Sq Ft
- 980
Interior Features
- Appliances
- Gas Range
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Other / Wood
- Interior Features
- Bedroom On Main Level / Bathtub / Main Level Primary / Soaking Tub
Exterior Features
- Construction
- Block
- Exterior Features
- Outdoor Living Area
- View
- Garden
Community & HOA
- HOA Fee
- $550 / Monthly
- HOA Includes
- Hot Water / Insurance / Maintenance Structure / Pest Control
- Association Amenities
- None
- Security
- Fire Alarm / Key Card Entry
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / FHA
- Restrictions
- Other Restrictions
- MLS Area
- 2320
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
About the Area
Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,151
- Under Contract
- 253
- Median List Price
- $650,000
- Median Sale Price (September)
- $662,500
- Median $/Sq Ft
- $697
- Avg Days on Market
- 174
Frequently Asked Questions
- How do I schedule a tour of 503 12th Street 5, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 503 12th Street 5, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 503 12th Street 5, Miami Beach, FL 33139 still available?
- 503 12th Street 5, Miami Beach, FL 33139 is currently listed as Under Contract, and has been on the market 149 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 503 12th Street 5, Miami Beach, FL 33139?
- With 20% down ($99,800) on the $499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 503 12th Street 5, Miami Beach, FL 33139 is about $2,622/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 503 12th Street 5, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 503 12th Street 5, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 503 12th Street 5, Miami Beach, FL 33139 have an HOA fee?
- Yes: 503 12th Street 5, Miami Beach, FL 33139 carries an HOA fee of about $550 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 503 12th Street 5, Miami Beach, FL 33139?
- 503 12th Street 5, Miami Beach, FL 33139 is zoned for Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 503 12th Street 5, Miami Beach, FL 33139?
- Often, yes. The right offer on 503 12th Street 5, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Krimus Realty, LLC.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$499,000
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Listed by Michael Krimus, Krimus Realty, LLC.
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Recent Sales
Recently sold homes in ZIP 33139
These are the last 6 recorded closings in ZIP 33139, with the price each home actually sold for rather than what it was listed at. They closed at a median of $611 per square foot. The most recent closed on October 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$430,000
Sold · October 15, 2026
2155 Washington Court 205
1 bed · 1.5 bath · 748 sqft · $575/sqft
$20,000 under the asking price
Sold$290,000
Sold · October 14, 2026
1052 Ocean Drive C203
1 bed · 1 bath · 475 sqft · $611/sqft
$7,000 under the asking price
Sold$1,065,000
Sold · October 14, 2026
1250 Ocean Drive 2N
2 bed · 2.5 bath · 1,387 sqft · $768/sqft
$34,000 under the asking price
Sold$238,000
Sold · October 14, 2026
224 Meridian Avenue 9
0 bed · 1 bath · 395 sqft · $603/sqft
$11,000 under the asking price
Sold$23,500,000
Sold · October 12, 2026
1266-1276 S Venetian Way
4 bed · 4.5 bath · 3,603 sqft · $6,522/sqft
Sold$350,000
Sold · October 9, 2026
1027 Pennsylvania Avenue 302
2 bed · 2 bath · 790 sqft · $443/sqft
$9,000 under the asking price
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
