Myoko Ski Village Renovation
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Entry Myoko, Niigata

Myoko Ski Village Renovation

Fully renovated. Walk to ski country. Six Senses coming 2028.

Fully renovated 4-bedroom house in Myoko ski country — 2 hours from Tokyo by Hokuriku Shinkansen. Renovation completed by vendor: new unit bath, new kitchen, new flooring, earthquake reinforcement, and exterior repainting. Move-in or STR-ready. Six Senses and MGallery luxury hotels opening 2028 are driving institutional conviction here. Myoko recorded $264 median ADR and $23,136 median annual revenue (AirROI 2025–2026, 59 active listings). 90%+ of 2024–25 transactions were foreign buyers.

¥15.5M ≈ $103,612 @¥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.

Land103.73㎡
Building109.49㎡ · 2F
Layout4BR · Fully Renovated
Year Built1978
Nearest Station1.8km · 4min drive
Tokyo Access140min via Tokyo Station
Estimated ROI — based on area market averages
19.1–20.2%
Gross yield
(conservative–optimistic)
$23,136
Est. annual revenue
(88 days avg)
4.9–5.2
Years to full payback
(low–high investment)
Annual revenue ÷ total investment = 19% recovered per year
19%
Total investment: ¥17.1M – ¥18.1M  ·  purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (59 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade B
Cosmetic Only

Built 1978, fully renovated prior to listing. Exterior repainted, new unit bath installed, new kitchen fitted, flooring replaced throughout, wall finishes renewed, earthquake reinforcement completed, new front door. Water system replaced. Move-in or STR-ready.

Renovation estimate: ¥300,000 – ¥800,000

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.
Floor Plan 7 rooms · 109.49㎡ · 2F
2F
Bedroom 1 10㎡
Bedroom 2 10㎡
Bedroom 3 10㎡
Bedroom 4 8㎡
1F
LDK 20㎡
Bathroom + Toilet 4㎡
Entrance / Hallway 5㎡
STR Market — Myoko Ski Resort
$264
ADR · avg daily rate
24%
Occupancy · 88 days avg
$23,136
Est. annual revenue
Seasonal Demand
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

Source: AirROI 2025–2026 · 59 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Nearby — Distances & Drive Times
  • ⛷
    Myoko Suginohara Ski Resort
    9km · 15min
  • ⛷
    Akakura Onsen Ski Area
    12km · 20min
  • ▲
    Six Senses Myoko (opening 2028)
    11km · 18min
  • ⊙
    Joetsu-Myoko Station (Shinkansen)
    12km · 20min
  • ⊙
    Arai Station
    1.8km · 4min
  • ◻
    Convenience Store
    0.5km · 2min
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 1978 — pre-1981 seismic standard. Structural inspection critical.
  • i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).
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