Overview of Virafenikkusu Naruto (ヴィラフェニックス鳴門)
Virafenikkusu Naruto (ヴィラフェニックス鳴門) is a 43-year-old condominium located at Naruto Shi Muyachou Minamihama Higashihama 261 (鳴門市撫養町南浜東浜261), Tokushima, Japan. Built in 1983, it comprises 19 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥7.5万/sqm (approx. $502/sqm or $47/sqft).
Location & Neighborhood
The property is located at Naruto Shi Muyachou Minamihama Higashihama 261 (鳴門市撫養町南浜東浜261), Tokushima, 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 43 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.
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