Prime Development Land in Ishigaki's Maezato Area
This expansive land parcel of 2,865.99 square meters (approximately 866.96 tsubo) presents a prime development opportunity in the sought-after Maezato district of Ishigaki City, Okinawa Prefecture. Priced at 173.4 million yen, the property offers a highly versatile canvas for residential or commercial projects, with the agent specifically noting its suitability for apartment buildings or single-family homes. A key feature is the flexibility for land subdivision (分筆相談可), meaning the plot can potentially be divided into smaller lots to suit various investment or development strategies.
The land is classified as "原野" (wilderness/field) and falls within a Category I Low-Rise Residential Zone (第一種低層住居専用地域), which typically permits detached houses, small-scale apartments, and certain neighborhood-compatible facilities. It offers a building coverage ratio of 50% and a floor area ratio of 100%. The property comes with full ownership rights and no private road maintenance burdens. The transfer of possession is negotiable (引き渡し相談).
The Maezato area of Ishigaki offers a blend of residential tranquility and natural beauty. Ishigaki Island is renowned for its stunning beaches, crystal-clear waters, and vibrant coral reefs, forming part of the Yaeyama Islands. A major nearby landmark is the iconic Kabira Bay (川平湾), a designated Place of Scenic Beauty known for its emerald-green waters and black pearl cultivation, located approximately a 20-minute drive from the property site.
