Overview of Pashifikkubisuta 4 (パシフィックビスタ４)
Pashifikkubisuta 4 (パシフィックビスタ４) is a 26-year-old condominium located at Wakayamashi Kemi 1505-15 (和歌山市毛見1505-15), Wakayama, Japan. Built in 2000, it comprises 105 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Zenidaka Kumi , Mitsuikensetsu , Kyoudou Kigyoutai (錢高組、 三井建設、 共同企業体).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 890〜3,900万円 (approx. $59,333–$260,000 USD at ¥150/$).
Unit sizes range from 44.2–123.4 sqm (476–1328 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.9万/sqm (approx. $2,060/sqm or $191/sqft).
Location & Neighborhood
The property is located at Wakayamashi Kemi 1505-15 (和歌山市毛見1505-15), Wakayama, Japan. It is a 48-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 105 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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