Overview of Pashifikkubisuta 2 (パシフィックビスタ２)
Pashifikkubisuta 2 (パシフィックビスタ２) is a 28-year-old condominium located at Wakayamashi Kemi 1517 (和歌山市毛見1517), Wakayama, Japan. Built in 1998, it comprises 96 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kounoike Kumi ・ Asanuma Kumi ・ Matsumura Kumi Kyoudou Kigyoutai (鴻池組・淺沼組・松村組共同企業体).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 700〜1,880万円 (approx. $46,667–$125,333 USD at ¥150/$).
Unit sizes range from 43.8–79.0 sqm (471–850 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥18.1万/sqm (approx. $1,209/sqm or $112/sqft).
Location & Neighborhood
The property is located at Wakayamashi Kemi 1517 (和歌山市毛見1517), Wakayama, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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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