Overview of Parattsuo Beppu (パラッツオ別府)
Parattsuo Beppu (パラッツオ別府) is a 36-year-old condominium located at Beppu Shi Minami Tateishi Nakatsuru Machi 2220 (別府市南立石中津留町2220), Oita, Japan. Built in 1990, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi Kyuushuu Shisha (間組九州支社).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 450〜1,500万円 (approx. $30,000–$100,000 USD at ¥150/$).
Unit sizes range from 34.6–101.8 sqm (372–1096 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥15.3万/sqm (approx. $1,021/sqm or $95/sqft).
Location & Neighborhood
The property is located at Beppu Shi Minami Tateishi Nakatsuru Machi 2220 (別府市南立石中津留町2220), Oita, Japan. It is a 1-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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.
Analyze this property's fair price and negotiation room for free at RE:public.