Overview of Raionzumanshonkoza (ライオンズマンションコザ)
Raionzumanshonkoza (ライオンズマンションコザ) is a 38-year-old condominium located at Okinawashi Misato 1 Choume 2-5 (沖縄市美里1丁目2-5), Okinawa, Japan. Built in 1988, it comprises 35 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 500〜1,599万円 (approx. $33,333–$106,600 USD at ¥150/$).
Unit sizes range from 44.1–85.9 sqm (475–925 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.1万/sqm (approx. $1,077/sqm or $100/sqft).
Location & Neighborhood
The property is located at Okinawashi Misato 1 Choume 2-5 (沖縄市美里1丁目2-5), Okinawa, Japan. It is a 1-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 38 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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