Overview of Mezon・do・ Kashii Sandou (メゾン・ド・香椎参道)
Mezon・do・ Kashii Sandou (メゾン・ド・香椎参道) is a 37-year-old condominium located at Fukuokashi Higashiku Kashii 1 Choume 10-5 (福岡市東区香椎1丁目10-5), Fukuoka, Japan. Built in 1989, it comprises 101 units in a Reinforced Concrete (RC) structure. It was constructed by Touken Setsu (東建設).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 140〜430万円 (approx. $9,333–$28,667 USD at ¥150/$).
Unit sizes range from 16.2–26.6 sqm (174–286 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥13.2万/sqm (approx. $878/sqm or $82/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Kashii 1 Choume 10-5 (福岡市東区香椎1丁目10-5), Fukuoka, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 101 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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