Overview of Toukyuu Rizootovira C Tou (東急リゾートヴィラＣ棟)
Toukyuu Rizootovira C Tou (東急リゾートヴィラＣ棟) is a 33-year-old condominium located at Tanabe Shi Shinjou Machi 2901 (田辺市新庄町2901), Wakayama, Japan. Built in 1993, it comprises 212 units in a 鉄骨造 structure. It was constructed by Toukyuukensetsu , Kumagaigumi (東急建設、 熊谷組).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 780〜1,980万円 (approx. $52,000–$132,000 USD at ¥150/$).
Unit sizes range from 38.0–66.3 sqm (409–714 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Tanabe Shi Shinjou Machi 2901 (田辺市新庄町2901), Wakayama, Japan. It is a 50-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 212 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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