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Hakuba Ski Resort 3LDK — As-Is Investment Home in Nagano

Own a 3LDK in Japan's iconic Hakuba ski country for ¥22,990,000.

Set in the heart of the Hakuba Ski Resort area in Nagano, this 3LDK house offers 91.5 sqm of living space on a 152.69 sqm plot. Built in 1986 to post-1981 seismic standards, it is sold as-is and needs partial renovation, so buyers should budget for the work ahead. Hakuba is one of Japan's premier ski destinations, and the surrounding area supports a deep short-term-rental market with 539 active listings tracked by AirROI for 2025–2026. Reaching the region is straightforward: Nagano Station sits roughly 180 minutes from Tokyo by Shinkansen, with Hakuba Station the nearest local stop. For investors seeking a four-season alpine base with renovation upside, this property is a compelling entry point at ¥22,990,000.

$143,688 ≈ ¥23.0M @¥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.

Land152.69㎡

Building91.5㎡ · F

Layout3LDK

Year Built1986

Nearest Station1.6km · 4min drive

Tokyo Access180min via Nagano (Shinkansen)

Estimated ROI — based on area market averages

26.6–30.3%

Gross yield
(conservative–optimistic)

$47,873

Est. annual revenue
(130 days avg)

3.3–3.8

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 27% recovered per year

27%

Total investment: ¥25.3M – ¥28.8M · 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 1986, the house meets post-1981 seismic standards and carries a condition grade of C. It is sold as-is and requires partial renovation, which the buyer must budget for separately.

Renovation estimate: ¥1.0M – ¥4.0M

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

Floor Plan 0 rooms · 91.5㎡ · 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 1986 — 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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