Overview of Roiyarurizooto Iseshima Tomoyama (ロイヤルリゾート伊勢志摩ともやま)
Roiyarurizooto Iseshima Tomoyama (ロイヤルリゾート伊勢志摩ともやま) is a 33-year-old condominium located at Shima Shidai Ou Machi Funakoshi 2756-52 (志摩市大王町船越2756-52), Mie, Japan. Built in 1993, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi , Ishi Kichi Kumi (森本組、 石吉組).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 50〜580万円 (approx. $3,333–$38,667 USD at ¥150/$).
Unit sizes range from 40.7–69.8 sqm (438–751 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), 1DK (1-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Shima Shidai Ou Machi Funakoshi 2756-52 (志摩市大王町船越2756-52), Mie, Japan. It is a 99-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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