Hida-Takayama Resort 3LDK+S — Hot Spring Access, 566㎡, ¥5M
Resort subdivision 3LDK+S with piped hot spring in Greater Takayama. 566㎡ lot, 5-car park. ¥5M — lowest in portfolio. $190 ADR, $29K median revenue, 181 days.
At ¥5M (US$33K), this 3LDK+S is the lowest purchase price in the portfolio and likely the most unusual STR proposition — a 1990-built resort house on 566㎡ in the Suzuran Kogen highland community with hot spring water piped directly to the property. The ¥5M entry point makes the math unusually clean: total investment ¥7.6–9.9M, annual revenue ¥4.33M, payback 1.7–2.3 years. The 5-car parking is a material competitive advantage for the Takayama STR market, where heritage-town visitors arrive in groups. The Hida-Takayama region draws 3 million annual visitors to its Edo-period merchant district, Hida Folk Village, and two major festivals (April Sanno Matsuri, October Hachiman Matsuri) that book months in advance. From Suzuran Kogen, Shirakawa-go UNESCO is 55 minutes by car and Gero Onsen (日本三名泉 — one of Japan's Three Famous Hot Springs) is 40 minutes. AirROI 2025–2026 records $190 ADR and $28,976 median annual revenue across 296 Takayama listings, 49.5% occupancy (181 days avg). Note: annual fixed costs ¥193,128 (hot spring + management) — budget into net yield calculations. Mountain forest land classification — confirm rebuild rules with agent.
Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.
(conservative–optimistic)
(181 days avg)
(low–high investment)
Built August 1990, post-new-seismic standard. Wooden 2-story construction. Public water supply (公営水道). Individual septic tank. Individual LPG. Exterior wall painting completed 2024 — structurally maintained. Hot spring water connection available with monthly fee ¥11,000 (¥132,000/yr). Monthly HOA management fee ¥5,094 (¥61,128/yr). Total annual fixed burden: ¥193,128. Land classification: mountain forest (山林). Zoning: non-designated, outside urban planning boundary (非線引き区域), BCR 60%/FAR 200%. Resort subdivision HOA rules apply — confirm minpaku permit eligibility with Takayama City and subdivision association before purchase. 5-car parking on flat 566㎡ lot. Request structural survey and full condition inspection from agent.
Renovation estimate: ¥2.0M – ¥4.0M
Source: AirROI 2025–2026 · 296 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ♨ 0.3km · 1minSuzuran Kogen Hot Spring (on-site resort facility)
- ♨ 30km · 40minGero Onsen (日本三名泉 — one of Japan's Three Famous Hot Springs)
- · 45km · 55minShirakawa-go UNESCO World Heritage (gassho-zukuri farmhouses)
- · 52km · 65minHida-Takayama Old Town (古い町並み, sake breweries)
- · 55km · 70minHida Folk Village (飛騨の里, open-air museum)
- Minpaku (STR) permit — Requires pre-purchase verification with municipal office
- Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
- Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
- Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
- Earthquake resistance: Built 1990 — post-1981 new seismic standard (新耐震)
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).