Overview of Parosu・ribaakooto Hakata (パロス・リバーコート博多)
Parosu・ribaakooto Hakata (パロス・リバーコート博多) is a 27-year-old condominium located at Fukuokashi Hakataku Mino Shima 4 Choume 1-1 (福岡市博多区美野島4丁目1-1), Fukuoka, Japan. Built in 1999, it comprises 134 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou , Matsumoto Kumi (前田建設工業、 松本組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,850〜5,480万円 (approx. $123,333–$365,333 USD at ¥150/$).
Unit sizes range from 58.7–96.0 sqm (632–1033 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥53.4万/sqm (approx. $3,563/sqm or $331/sqft).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Mino Shima 4 Choume 1-1 (福岡市博多区美野島4丁目1-1), Fukuoka, 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 134 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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