Overview of Raionzumanshon Makishi (ライオンズマンション牧志)
Raionzumanshon Makishi (ライオンズマンション牧志) is a 43-year-old condominium located at Naha Shi Makishi 1 Choume 19-53 (那覇市牧志1丁目19-53), Okinawa, Japan. Built in 1983, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 880〜7,480万円 (approx. $58,667–$498,667 USD at ¥150/$).
Unit sizes range from 44.1–109.4 sqm (475–1178 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.4万/sqm (approx. $2,227/sqm or $207/sqft).
Location & Neighborhood
The property is located at Naha Shi Makishi 1 Choume 19-53 (那覇市牧志1丁目19-53), Okinawa, Japan. It is a 3-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 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.
Analyze this property's fair price and negotiation room for free at RE:public.