Felipe de Alvarenga Leite

Felipe de Alvarenga Leite CTO | Keyou®

$499,000.00
503 12th St # 5, Miami Beach FL 33139
2 beds
2.0 baths
980 sqft
$499,000.00
503 12th St # 5, Miami Beach FL 33139
Felipe de Alvarenga Leite
$499,000.00
2 beds
2.0 baths
980 sqft
503 12th St # 5, Miami Beach FL 33139
For Sale
Photo 1
  • Built in 1940
  • $509.18/sqft
  • 129 days on market

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.

  • Directions:
  • County: Miami-Dade County
  • Geo subdivision: BAYLIS CONDO

Nearby Schools

Nautilus

Miami Beach

Features

Financial

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Felipe de Alvarenga Leite

Felipe de Alvarenga Leite

CTO | Keyou®

See also

For Sale
31 SE 5th St # 2408, Miami FL 33131
$530,000.00
2 bds
2.0 ba
1,051 sqft
31 SE 5th St # 2408, Miami FL 33131
For Sale
1250 S Miami Ave # 2004, Miami FL 33130
$460,000.00
2 bds
2.0 ba
1,023 sqft
1250 S Miami Ave # 2004, Miami FL 33130
For Sale
725 NE 22nd St # 8B, Miami FL 33137
$515,000.00
1 bds
1.0 ba
850 sqft
725 NE 22nd St # 8B, Miami FL 33137
Miami Realtors MLS
  • Source: Miami Realtors MLS
  • MLS #: A11968062
Listing updated: July 1, 2026 at 6:44PM
Listing provided by: Michael Krimus, Krimus Realty, LLC.
Last checked 3 hours ago
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