Hakone Sengokuhara Forest Lodge
1,024㎡ in Japan's most sought-after hot spring resort. 6LDK. 2011 interior renovated.
1,024㎡ forest lot in Sengokuhara — the heart of Hakone's most famous destination, home to the pampas grass meadow, Pola Museum, and Glass Forest Museum. Listed at ¥9.88M: a price that implies less than ¥10,000/㎡ for land that trades at ¥30,000–100,000/㎡ in this zone. 6LDK sleeps 12–14, positioned for group and family bookings which drive the highest ADR in this market (top-10% Hakone STRs achieve $575+/night). 2011 interior renovation completed — kitchen and bathrooms already updated. Hakone recorded $291 ADR and $45,698 median annual STR revenue (AirROI 2025–2026, 323 active listings). 46% annual occupancy driven by year-round demand: cherry blossoms (April), summer (July–August), and autumn foliage (October) are all peak windows. Note: Kanagawa Prefecture ordinance restricts pure minpaku (vacation rental) in certain Hakone resort zones — operating under Ryokan Business Act 簡易宿所 license is the recommended pathway and is exempt from the restriction.
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)
(168 days avg)
(low–high investment)
Built 1982 (post-1981 new seismic standard). Interior fully renovated in 2011 — kitchen, bathrooms, and wall finishes updated. Structural frame and roof in good condition. Exterior cladding, systems, and remaining cosmetic items may require refresh before premium STR operation. 2011 renovation significantly reduces upfront CapEx.
Renovation estimate: ¥1.5M – ¥5.0M
Source: AirROI 2025–2026 · 323 active listings analysed
⚠ Minpaku Status: Requires Verification
Verify Hakone resort-zone ordinance before purchase: Kanagawa Prefecture restricts vacation rental operation in certain Hakone designated resort areas during peak months. Operating under Ryokan Business Act (旅館業法 簡易宿所) is exempt from this restriction — confirm applicable zone and licensing pathway at time of purchase.
- ▲ 0.8km · 2minSengokuhara Pampas Grass Meadow
- ▲ 2km · 4minPola Museum of Art
- ▲ 1.5km · 3minHakone Glass Forest Museum
- ♨ 14km · 25minHakone-Yumoto Onsen (hot spring resort)
- ◻ 1.5km · 3minConvenience Store
- 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 1982 — post-1981 new seismic standard (新耐震)
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).