Overview of Neomaimu Zushi (ネオマイム逗子)
Neomaimu Zushi (ネオマイム逗子) is a 28-year-old condominium located at Zushi Shi Zushi 7 Choume 3-41 (逗子市逗子7丁目3-41), Kanagawa, Japan. Built in 1998, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Koumuten (松尾工務店).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 3,100〜6,380万円 (approx. $206,667–$425,333 USD at ¥150/$).
Unit sizes range from 62.4–83.4 sqm (672–898 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥80.4万/sqm (approx. $5,360/sqm or $498/sqft).
Location & Neighborhood
The property is located at Zushi Shi Zushi 7 Choume 3-41 (逗子市逗子7丁目3-41), Kanagawa, 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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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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