Overview of Byuuparee Mishima (ビューパレー三島)
Byuuparee Mishima (ビューパレー三島) is a 35-year-old condominium located at Mishima Shi Wakamatsuchou 4325-2 (三島市若松町4325-2), Shizuoka, Japan. Built in 1991, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Katou Koumuten (加藤工務店).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 850〜1,599万円 (approx. $56,667–$106,600 USD at ¥150/$).
Unit sizes range from 47.4–64.4 sqm (510–693 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥23.5万/sqm (approx. $1,565/sqm or $145/sqft).
Location & Neighborhood
The property is located at Mishima Shi Wakamatsuchou 4325-2 (三島市若松町4325-2), Shizuoka, Japan. It is a 18-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 35 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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