Overview of Famiiruhaitsu Izumiootsu Sentohaabaashitei 1 Ban Kan (ファミールハイツ泉大津セントハーバーシティ１番館)
Famiiruhaitsu Izumiootsu Sentohaabaashitei 1 Ban Kan (ファミールハイツ泉大津セントハーバーシティ１番館) is a 30-year-old condominium located at Izumiootsu Shi Nagisa Machi 3-1 (泉大津市なぎさ町3-1), Osaka, Japan. Built in 1996, it comprises 120 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 830〜2,090万円 (approx. $55,333–$139,333 USD at ¥150/$).
Unit sizes range from 65.6–83.2 sqm (706–896 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.9万/sqm (approx. $1,457/sqm or $135/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Nagisa Machi 3-1 (泉大津市なぎさ町3-1), Osaka, Japan. It is a 10-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 120 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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