Overview of Waizuesutemukooto Mihara (ワイズエステムコート美原)
Waizuesutemukooto Mihara (ワイズエステムコート美原) is a 16-year-old condominium located at Okinawashi Mihara 1 Choume 22-12 (沖縄市美原1丁目22-12), Okinawa, Japan. Built in 2010, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Ta Naka Kumi (太名嘉組).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 2,080〜3,580万円 (approx. $138,667–$238,667 USD at ¥150/$).
Unit sizes range from 53.3–83.3 sqm (574–897 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.8万/sqm (approx. $3,055/sqm or $284/sqft).
Location & Neighborhood
The property is located at Okinawashi Mihara 1 Choume 22-12 (沖縄市美原1丁目22-12), Okinawa, Japan. It is a 3-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
Scale advantage: With 50 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.
Analyze this property's fair price and negotiation room for free at RE:public.