Entry Hakuba, Nagano

Hakuba Village Mountain Lodge

730m elevation. Mountain views from every room. 553㎡ to build your vision.

4-bedroom ski lodge at 730m elevation in Hakuba Village — 3 hours from Tokyo via Shinkansen and highway bus. Sited in the 大字北城 pension zone, the 553㎡ lot is one of the largest available in active Hakuba resort territory: space to add a deck, hot tub, or dedicated ski room — the amenities that drive premium ADR here. Mountain views from the living room and surrounding mature woodland create a private alpine atmosphere. Renovation required: kitchen, bathrooms, and exterior cladding are original 1993. Hakuba recorded the highest STR metrics of any Japan ski region: $456 ADR and $47,873 median annual revenue (AirROI 2025–2026, 539 active listings). Foreign buyer share exceeded 90% in 2024–25.

¥64.0M ≈ $428,094 @¥149.5/USD · 2026-05

⚠

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.

Land553.87㎡

Building96.45㎡ · 2F

Layout4BR · Mountain Views

Year Built1993

Nearest Station1.6km · 4min drive

Tokyo Access180min via Nagano (Shinkansen)

Estimated ROI — based on area market averages

8.6–9.4%

Gross yield
(conservative–optimistic)

$47,873

Est. annual revenue
(130 days avg)

10.6–11.6

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 9% recovered per year

Total investment: ¥75.9M – ¥83.0M · 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 December 1993. Wood-frame 2-storey construction at 730m elevation. Living room flooring updated to laminate. Kitchen and bathrooms are original 1993 stainless-steel fit-out requiring full modernisation. Exterior cladding is sound but needs repainting. New seismic standard (post-1981) applies. No renovation inspection conducted. Renovation required before STR operation.

Renovation estimate: ¥6.0M – ¥12.0M

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

Floor Plan 11 rooms · 96.45㎡ · 2F

Bedroom 2 (洋室) 10㎡

Bedroom 3 (洋室) 10㎡

Bedroom 4 (洋室) 12㎡

Storage Room (納戸) 4㎡

Hall / Stairs 12㎡

LDK 23㎡

Japanese Room (和室) 10㎡

Bathroom 4㎡

Toilet 2㎡

Entrance 5㎡

Storage (収納 + 押入) 4㎡

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 — non-urban zoning (無指定) may allow extended rental periods beyond 180 days

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 1993 — 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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