Overview of Rumonberu Senboku Momoyama Kouen (ルモンベル泉北桃山公園)
Rumonberu Senboku Momoyama Kouen (ルモンベル泉北桃山公園) is a 25-year-old condominium located at Sakaishi Minamiku Momoyama Dai 4 Choume 3-29 (堺市南区桃山台4丁目3-29), Osaka, Japan. Built in 2001, it comprises 98 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 1,620〜2,980万円 (approx. $108,000–$198,667 USD at ¥150/$).
Unit sizes range from 76.3–118.9 sqm (821–1280 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,703/sqm or $158/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Momoyama Dai 4 Choume 3-29 (堺市南区桃山台4丁目3-29), Osaka, Japan. It is a 13-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 98 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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