Overview of Raionzumanshon Suma Rikyuu (ライオンズマンション須磨離宮)
Raionzumanshon Suma Rikyuu (ライオンズマンション須磨離宮) is a 43-year-old condominium located at Koubeshi Suma Ku Rikyuu Maemachi 1 Choume 8-14 (神戸市須磨区離宮前町1丁目8-14), Hyogo, Japan. Built in 1983, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Yamada Koumuten (山田工務店).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 380〜1,980万円 (approx. $25,333–$132,000 USD at ¥150/$).
Unit sizes range from 29.1–81.0 sqm (313–872 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.8万/sqm (approx. $1,451/sqm or $135/sqft).
Location & Neighborhood
The property is located at Koubeshi Suma Ku Rikyuu Maemachi 1 Choume 8-14 (神戸市須磨区離宮前町1丁目8-14), Hyogo, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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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