Premium Hakuba, Nagano

5LDK Hakuba Ski Resort Home — Value-Add STR Project at ¥24.98M

A 5LDK detached house steps from Hakuba's slopes, priced at ¥24,980,000 (about $167,090) and ready for your renovation vision.

Set in the heart of the Hakuba Ski Resort area in Nagano, this 5LDK detached house offers 118.47 sqm of building space on a generous 286.95 sqm lot. Built in 1984 to the post-1981 seismic standard, it is sold as-is and needs partial renovation, so factor the upgrade work into your budget. The location is the real draw: Hakuba Station is nearby, and Tokyo is reachable in about 180 minutes via the Nagano Shinkansen terminal. For context, the surrounding Hakuba market spans 539 short-term-rental listings averaging a $456 ADR, 35.4% occupancy, and $47,873 in annual revenue (AirROI 2025-2026, area averages). With five bedrooms and proven destination demand, this is a hands-on value-add project for investors ready to renovate and position a mountain rental.

$156,125 ≈ ¥25.0M @¥160/USD · 2026-06-15

⚠

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.

Land286.95㎡

Building118.47㎡ · F

Layout5LDK

Year Built1984

Nearest Station1.6km · 4min drive

Tokyo Access180min via Nagano (Shinkansen)

Estimated ROI — based on area market averages

24.8–28.0%

Gross yield
(conservative–optimistic)

$47,873

Est. annual revenue
(130 days avg)

3.6–4.0

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 25% recovered per year

25%

Total investment: ¥27.3M – ¥30.8M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (539 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade C

Renovation Required

Built in 1984 and graded condition C, the building meets the post-1981 seismic standard. It is sold as-is and requires partial renovation, which the buyer must plan and budget for before use.

Renovation estimate: ¥1.0M – ¥4.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.

Floor Plan 0 rooms · 118.47㎡ · F

STR Market — Hakuba Ski Resort

$456

ADR · avg daily rate

35.4%

Occupancy · 130 days avg

$47,873

Est. annual revenue

Seasonal Demand

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source: AirROI 2025–2026 · 539 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Nearby — Distances & Drive Times

⊙

Hakuba Station (JR Oito Line)

1.6km · 4min
⛷

Happo-One Ski Resort

4.5km · 9min
⛷

Hakuba 47 Winter Sports Park

7km · 13min
⛷

Hakuba Goryu Ski Resort

5.5km · 10min
◻

Echoland (shops & restaurants)

2km · 4min

Investor Due Diligence Checklist

⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
i 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 1984 — post-1981 new seismic standard (新耐震)
i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).

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