Overview of Reaaju Odawara Honchou (レアージュ小田原本町)
Reaaju Odawara Honchou (レアージュ小田原本町) is a 21-year-old condominium located at Odawara Shi Honchou 3 Choume 11-20 (小田原市本町3丁目11-20), Kanagawa, Japan. Built in 2005, it comprises 37 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nittou Mirai Kensetsu (日東みらい建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 2,480〜6,990万円 (approx. $165,333–$466,000 USD at ¥150/$).
Unit sizes range from 65.2–195.6 sqm (702–2105 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥60.2万/sqm (approx. $4,013/sqm or $373/sqft).
Location & Neighborhood
The property is located at Odawara Shi Honchou 3 Choume 11-20 (小田原市本町3丁目11-20), Kanagawa, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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