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Condominium
$189,000$378 / sqft
736 12th St # 5, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
500 sqft
Interior
1947
Year built
$659 / mo
HOA
Condominium
Type
About this home
Perfectly positioned in the heart of South Beach, this charming studio offers the ideal blend of beachside living, architectural character, and investment potential. Featuring hardwood floors, abundant closet space, and an updated kitchen with a gas range, the studio is both stylish and functional. Enjoy the building's lush, shaded courtyard complete with grilling and seating areas, or stroll just moments to the beach, Flamingo Park, tennis courts, Española Way, Lincoln Road, world class dining, shopping, and entertainment. A standout feature for investors, the building allows rentals twice per year with a 6 month minimum, offering rare flexibility in one of Miami Beach's most sought after neighborhoods. The association maintains HOA reserves, has no current special assessments, and recently completed a new roof just one year ago that carries a 20 year warranty, providing added peace of mind for future owners. Pet lovers will appreciate that owners are welcome to have pets, making this an excellent choice for a primary residence, vacation getaway, or long term investment. Whether you're looking for a beachside residence, a seasonal retreat, or a property with income potential, this South Beach studio delivers.
Features
- First Floor Entry
- Studio Apartment
- East Of Us1
- None
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- No Daily Rentals
- Okay To Lease 1st Year
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.