Overview of Risutei Oike (リスティ御池)
Risutei Oike (リスティ御池) is a 35-year-old condominium located at Sakaishi Minamiku Oike Dai 3 Choume 1-1 (堺市南区御池台3丁目1-1), Osaka, Japan. Built in 1991, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,090〜1,398万円 (approx. $72,667–$93,200 USD at ¥150/$).
Unit sizes range from 58.7–95.2 sqm (632–1025 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Sakaishi Minamiku Oike Dai 3 Choume 1-1 (堺市南区御池台3丁目1-1), 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 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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