Stunning Panoramic Villa at 400m Elevation in Kochi City with Recently Drilled Well
This unique property is a single-storey wooden villa situated at an elevation of 400 meters in Kochi City, Kochi Prefecture. It offers breathtaking panoramic views that stretch across Kochi City and out to Tosa Bay, with visibility reaching Cape Muroto to the southeast. From the bedroom, one can enjoy nighttime cityscapes and even the light of the Muroto lighthouse. The property includes a small extension, bringing the total building area to approximately 15 tsubo (approx. 49.5 sqm), situated on a land plot of 78 tsubo (approx. 258 sqm).
The property's most defining feature is its recently drilled well, which successfully overcame a long-standing water shortage issue that had plagued the site for years. The water supply is abundant, even during drought conditions. The surrounding area saw the construction of nearly 20 vacation homes during the bubble era around 1988. The neighboring property to the west had been abandoned for approximately 20 years due to water access problems, leading the current owner to acquire it and drill a shared well. The well is now complete, and the owner will retain ownership of the land and the well, leasing it to the buyer for an annual fee of 500,000 yen. The building itself is offered for a price of 1.5 million yen, though this is negotiable (要相談).
The property requires significant renovation. The bathroom, kitchen, and toilet fixtures need replacement. The toilet is a pit latrine, so installing a septic tank would be necessary to convert to flush. There is also damage to the plumbing that requires restoration, and external repairs are needed in some areas. The owner suggests a cosmetic renovation costing around 1 million yen, while a full-scale renovation including a modern kitchen, bathroom, deck, and extension could cost over 5 million yen. The eastern half of the land serves as a garden, ideal for barbecues with the stunning view. The western side, formerly a garden, will be leveled by the owner to create a two-car parking space. The property has cherry trees that bloom in spring. Please note that this is a sale of the building only, with a leasehold agreement for the land. The transaction is on an as-is, public-record basis.
