Atami Izusan Ocean-View Hillside
Pacific ocean views from Izu Peninsula hillside. ¥5.5M + water connection ¥0.7M. Landslide risk zone — priced for risk-tolerant investors.
Ocean-view hillside property in Atami Izusan — one of Japan's most celebrated hot spring resort towns, 50 minutes from Tokyo by Shinkansen. At ¥5.5M plus ¥0.7M water connection (total ¥6.2M, US$41K), this is priced for investors prepared to manage disclosed risk: the property is within a 土砂災害特別警戒区域 (Special Warning Zone for Sediment Disasters — Japan's strictest landslide risk classification). The reward is 624㎡ of ocean-view land in a location commanding premium Airbnb rates. Atami records $273 ADR and $31,992 median annual revenue across 209 Airbnb listings (AirROI 2025–2026). With ¥4–11M seismic renovation, total investment ¥11.2–18.2M, gross yield 42.7%, payback 2.3–3.8 years. Due diligence: confirm landslide insurance, slope reinforcement requirements, and mortgage eligibility before purchase.
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)
(112 days avg)
(low–high investment)
Built 1976, pre-1981 seismic standard. Structural reinforcement or full rebuild required. Designated 土砂災害特別警戒区域 (Special Warning Zone for Sediment Disasters — Japan's strictest landslide risk classification). Water connection fee ¥700,000 additional. Verify insurance and mortgage eligibility before purchase.
Renovation estimate: ¥4.0M – ¥11.0M
Source: AirROI 2025–2026 · 209 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ♨ 2km · 6minAtami Onsen (hot spring baths)
- ⊙ 3km · 10minAtami Station (JR Tokaido)
- · 1.5km · 5minMOA Museum of Art
- · 2.5km · 8minAtami Sun Beach
- · 0.5km · 2minIzusan Shrine
- 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 1976 — pre-1981 seismic standard. Structural inspection critical.
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).