luxury real estate for sale Karuizawa, Japan

■ Located in the Minami Karuizawa area with convenient access from the Usui-Karuizawa IC ■ Surrounded by several golf courses, allowing residents to enjoy the natural beauty that Karuizawa is known for ■ Approximately 9 minutes by car (about 6 km) to Tsuruya Karuizawa Store ■ Thoughtfully designed to provide privacy for both owners and guests ■ Fully equipped with underfloor heating throughout the property, including wet areas ■ Two bathrooms and three toilets ■ The sale price includes all furniture and curtains ■ Annual maintenance fee: JPY 448,237 payable to Lake New Town Co., Ltd. (for villa properties) ■ The cost of the building title registration will be borne by the buyer Property Overview Right: Freehold Address: Hachimanhata, Oaza Hotchi, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approximately 10 minutes by car (about 7.4 km) from Karuizawa Station on the Shinano Railway Line. Structure: Wooden single-story residence. Zoning: No Zoning Designation. Land Area/Private road contribution: 1926.00 sqm./98.57 sqm. Living Area: 340.18 sqm. Year built: May 2026. BCR/FAR: 20/20% Current Status: Vacant. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■ A custom-designed home by PicoGram Architects ■ A space surrounded by greenery where you can experience the changing seasons ■ Furniture consultation available / Outdoor brand furniture installed on the balcony ■ A spacious living room with a sense of openness created by a double-height ceiling of approximately 8 meters ■ An open-concept kitchen design that offers a panoramic view of the entire living room Notes Residential area: 254.11 m² (approx. 76.86 tsubo) Spa wing area: 49.59 m² (approx. 15 tsubo) A spa wing has been added separately from the main residence. (July 2025: Expansion to include a gym, bath, and sauna) While handover is scheduled for July 2027 or later, we are open to discussion. PROPERTY OVERVIEW ■Location: Oiwake, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Transportation: Shinano Railway, Hokuriku Shinkansen Approx. 19-minute drive from “Karuizawa” Station (approx. 11.6 km) ■Land Title: Freehold ■Land Area: 4,170.5 m² (approx. 1,261.57 tsubo) ■Private Road Maintenance Obligation: None ■Land Classification: Residential ■Road Frontage: North side—public road width approx. 5 m, frontage approx. 79.8 m ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning: Non-designated area ■Other Legal Restrictions: Area subject to Article 22 of the Building Standards Act, Guidelines for Nature Conservation Measures, etc. ■Building Coverage Ratio/Floor Area Ratio: 30(20)%/50(20)% ■Building Area: [Residential Section] 254.11 m² (approx. 76.86 tsubo) [Spa Wing] 49.59 m² (approx. 15 tsubo) ■Floor Plan: 4LDK ■Structure: Two-story wooden frame with galvanized steel sheet roofing ■Date Built: July 2022 ■ Parking: Available ■ Current Status: Currently used as a vacation home ■ Closing: Desired for July 2027 or later (negotiable) ■ Utilities: Municipal water supply, Chubu Electric Power, septic tank, kerosene heating ■ Notes: In the event of discrepancies between the drawings and the actual condition, the actual condition shall take precedence. *This information is current as of June 8, 2026. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■Located on a quiet cul-de-sac with no through traffic and no power lines to mar the view. ■High thermal insulation performance is achieved through breathable wood-fiber insulation and European-made triple-pane windows. Even on winter nights, a comfortable indoor temperature can be maintained with minimal heating. ■High-end European appliances: a Miele dishwasher, an AEG oven, and a HETA wood-burning stove featuring a large glass front and soapstone cladding to extend heat retention and release times. PROPERTY OVERVIEW ■Location: Oaza Hatsuchi, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 12 minutes by car (approx. 6.9 km) from “Karuizawa” Station on the Hokuriku Shinkansen and Shinano Railway ■Land Title: Freehold ■Land Area: 1,124.44 m² (approx. 340.14 tsubo) *Includes a 59.15 m² setback area ■ Roads: Private road on the southeast side, width approx. 7.5 m, frontage approx. 5.9 m; public road on the south side, width approx. 1.8 m, frontage approx. 25.7 m ■ Private Road Maintenance Obligations: None ■ Land Classification: Residential land ■ Zoning: Type 1 Low-Rise Residential Zone ■ Urban Planning Area: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Area subject to Article 22 of the Building Standards Act; regulations under Karuizawa Town’s Nature Conservation Guidelines; shadow regulations, etc. ■Building Area: 180.53 m² (approx. 54.61 tsubo) ■Floor Plan: 2LDK + 2 study rooms ■Structure: 2-story wooden frame with galvanized steel sheet roofing ■Construction Date: July 2021 ■Parking: Available ■Current Status: Occupied ■Closing: Negotiable ■Amenities: All-electric (Chubu Electric Power), septic tank; tap water supplied from Karuizawa Lake Resort’s proprietary water purification facility ■Note: In the event of any discrepancy between the floor plans and the actual condition of the property, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・An open and spacious site offering distant views of the majestic Mount Hanareyama ・A relatively flat plot with minimal elevation differences ・An open, refreshing environment where you can enjoy the crisp breeze of Karuizawa ・Conveniently located near Yukawa Furusato Park, ideal for leisurely walks ・A layout that can be thoughtfully customized, including a spacious garden, ample parking area, and garage Property Overview Right: Freehold Address: Oaza Nagakura, Aza Nakanosawa, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Shinano Railway Line “Naka-Karuizawa” Station – approx. 4 minutes by car (approx. 1.1 km). Land Area/Private road contribution: 1305.51 sqm./ - sqm. BCR/FAR: 20/20% Zoning: Category Ⅰ exclusively low-rise residential zone.. Land Category: Wasteland / Forestland. Current Status: Vacant lot. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■Surrounded by the deep greenery and warm ambiance of Oiwake A log home nestled in a forest spanning approximately 301 tsubo ■A living room with a soaring, open-concept design, enhanced by the warmth of wood and a wood-burning stove ■A spacious, airy layout unique to log homes, created by the sloped ceiling and balcony ■An open terrace leading into the forest, where you can enjoy the dappled sunlight and lush greenery up close • Exterior Refresh (April 2024): Premium 3-coat paint application on exterior walls, roof, terrace, and balcony. • Heating System Upgrade (June 2024): Fully renewed kerosene-powered hydronic (hot water) heating system. • Septic Tank (November 2022): Upgraded to a brand new combined septic tank (Johkasou). • Routine Maintenance: The septic tank and wood-stove chimney are regularly serviced and managed. • 3-coat paint application / 3-coat paint finish • Kerosene-powered hydronic heating system • Combined septic tank PROPERTY OVERVIEW ■Location: Uehara, Oaza Oiwake, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 24 minutes by car from Shinano Railway’s “Karuizawa” Station (approx. 11.1 km) ■Land Title: Freehold ■Land Area: 996.86 m² (approx. 301.55 tsubo) ■ Road: Private road on the southwest side, 4.5 m wide ■ Private Road Maintenance Obligation: None ■ Land Classification: Residential land and wilderness ■ Zoning District: Type 1 Low-Rise Residential District ■ Urban Planning Area: Non-designated area ■ Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Landscape Ordinance, Karuizawa Nature Conservation Guidelines, Article 22 of the Building Standards Act Zone, etc. ■Building Area: 192.45 m² (approx. 58.21 tsubo) ■Floor Plan: 3LDK + Loft + Balcony + Terrace + Basement (22.8㎡) ■Structure: Wood-frame, 2-story building with 1 basement level, roofed with galvanized steel sheets ■Date Built: October 2007 ■Parking: Available ■Current Status: Move-in ready ■Closing: Negotiable ■Utilities: Chubu Electric Power, Municipal Water Supply, Septic Tank, City Gas, EV charging available ■Note: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・Within walking distance of Old Karuizawa Ginza—a location where you can enjoy the charms of Karuizawa up close ・A private residence nestled on a lush, green lot of approximately 281 tsubo (931 m²) ・A “Honka” residence brimming with the essence of Karuizawa, featuring the warmth of wood and a stately presence ・A living space filled with warmth, enhanced by the open feel of the double-height ceiling and a wood-burning stove ・A lifestyle where you can experience the changing seasons up close on a wooden terrace overlooking lush trees ▽ Renovation History (Completed in October 2024) Roof and exterior wall painting; deck railing replacement ▽ Planned Renovations (Scheduled for completion in late December 2026) Replacement of the unit bath and bathroom heater; replacement of the vanity unit; replacement of two bidet-equipped toilet seats; replacement of the water heater and underfloor heating boilers; replacement of the living-dining-kitchen air conditioner; replacement of all indoor lighting fixtures; and more Property Overview Type of Title: Freehold Address: Oaza Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture Access: Approximately 10 minutes by car (approx. 2.4 km) from “Karuizawa Station” on the Hokuriku Shinkansen Structure and Number of Stories: Two-story wooden structure with galvanized steel sheet roofing Zoning: Type 1 Low-Rise Residential District Road Access: Private road on the northwest side, approximately 4 m wide Land Area: 931 m² (281.62 tsubo) Private Road Burden: Yes—one-fourth share of 52 m² Legal Restrictions: Height restriction (10 m), Road setback (5 m), Adjacent property setback (3 m), Fire prevention (Article 22 zone), Land development regulation zone, Nagano Prefecture Landscape Ordinance and Karuizawa Town Nature Conservation Ordinance, etc. Building Area: 112.00 m² (33.87 tsubo) Construction Date: January 2013 Building Coverage Ratio/Floor Area Ratio: 20%/20% Current Status: Vacant Closing: Negotiable Utilities: Electricity (Chubu Electric Power), Gas (None), Water (Public Water Supply), Sewage (Private Septic Tank), Hot Water (Kerosene) Note: In the event of any discrepancy between this listing and the actual condition of the property, the actual condition shall take precedence. Transaction Type: Brokerage Agents: Mori, Ogawa Last Updated: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■A roughly 10-meter-high atrium and a striking gabled roof that soars toward the sky. This space allows you to enjoy the greenery of Karuizawa, which stretches across the entire window, as if it were an extension of the residence itself. ■A high-quality, highly private floor plan featuring separate bathrooms in all three bedrooms, designed with the privacy of family members and guests in mind. ■Located on Yagazaki-dori in Old Karuizawa, within walking distance of Old Karuizawa Ginza-dori. This location allows you to enjoy the tranquil atmosphere unique to a vacation home while being close to Karuizawa’s iconic streetscape. PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 18-minute walk from “Karuizawa” Station on the JR Hokuriku Shinkansen and Shinano Railway lines ■Land Rights: Freehold ■Land Area: 1,162.79 m² (approx. 351.74 tsubo) as recorded in official records ■Land Classification: Residential ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning Zone: Non-designated area ■Road: Public road on the northeast side, approximately 6.2 m wide ■Private Road Obligations: None ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Nagano Prefecture Landscape Ordinance, Nature Conservation Measures Guidelines, Nagano Prefecture Natural Environment Conservation Regulations, Karuizawa Town Basic Town Planning Ordinance, Karuizawa Town Landscape Development Standards Guidelines ■Building Area: 299.88 m² (approx. 90.71 tsubo) ■Structure: Two-story wooden structure ■Construction Date: July 2026 ■Current Status: Vacant ■Delivery: Negotiable ■Utilities: Public water supply, private septic tank, Chubu Electric Power, private propane gas *In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・Located about a 10-minute drive from Karuizawa Station (with a free shuttle service), the property offers a highly convenient location with restaurants, shopping centers, convenience stores, and day-trip hot springs all within walking distance. Yet, because it is situated just one block off the main street in a quiet area, it provides an environment that combines convenience with tranquility. ・In Karuizawa—a popular summer retreat and winter snow destination—high occupancy rates can be expected throughout all four seasons. Sales Overview (Preliminary Advertisement) Number of Units for Sale: To be determined Sale Price: To be determined Floor Plans: Studio, 1-Bedroom, 2-Bedroom Exclusive Area: 70.97 m² to 161.83 m² Monthly Maintenance Fee: To be determined Monthly Repair Reserve Contribution: To be determined Repair Reserve Fund: To be determined Management Reserve Fund: To be determined Scheduled Sales Period: Late August 2026 *Please note that no applications for contracts or reservations will be accepted until the main advertisement is released and sales commence. Furthermore, no measures will be taken to secure application priority. *It has not yet been determined whether this property will be sold all at once or in multiple phases. The overview above displays information for the total number of guest rooms scheduled to be supplied (17 rooms). Undetermined details, such as the exact number of rooms for sale, will be specified in the main advertisement. *The sales schedule is subject to change in the future. Property Overview Name: Karuizawa Retreat muro Location: 3365-7 Otowa, Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture (Land Parcel Number) Access: 12-minute walk from “Naka-Karuizawa” Station on the Shinano Railway Line Zoning: Type 1 Residential Zone, Neighborhood Commercial Zone Building Permit Number: No. BVJ-TOK25-10-0453 (September 29, Reiwa 7) Site Area: 3,246.57 m² (registered area / area subject to sale), 3,251.77 m² (surveyed area), 3,176.38 m² (building permit application) Structure and Scale: Reinforced concrete wall construction with partial steel frame; 2 stories above ground Parking: 17 surface parking spaces (including 1 space for people with disabilities) Number of Guest Rooms: 17 Post-Sale Title Structure: Site: Joint ownership based on the proportion of exclusive use area Building: Condominium ownership Joint ownership based on the proportion of exclusive use area Scheduled Completion: Mid-October 2027 Scheduled Property Handover: Mid-November 2027 Seller: List Development Co., Ltd. Minister of Land, Infrastructure, Transport and Tourism (6) No. 6130 Member of the National Housing Industry Association (General Incorporated Association) Member of the Real Estate Fair Trade Council of the Kanto Region (Public Interest Incorporated Association) Address:List Kannai Bldg., 4-47 Onoecho, Naka-ku, Yokohama-shi, Kanagawa 231-0015, Japan TEL:+81-45-671-1144 Sales Agent: List International Realty Co., Ltd. Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 Member of the National Housing Industry Association (General Incorporated Association) Member of the Real Estate Fair Trade Council of the Kanto Region (Public Interest Incorporated Association) Address:10F Tokyu Toranomon Bldg., 1-21-19 Toranomon, Minato-ku, Tokyo 105-0001, Japan TEL:+81-3-6457-9490 Operating Company: Ongo Chishin Co., Ltd. Design and Supervision: Shirahama Makoto Architectural Design Office Co., Ltd. Construction: Moriya Shokai Co., Ltd. Management Company: Tokyu Community Co., Ltd. Management Structure: A homeowners’ association will be established by all unit owners and management will be entrusted to the management company Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date

Key Features Highly Desirable Location: Situated in the popular "Akashiya-dori Villa Area," perfectly balancing rich natural surroundings with convenient living. Serene Environment: Located in a quiet, peaceful neighborhood close to the "Hotchi Ichiba" marketplace. Brand New Construction: A newly built luxury residence completed in July 2026. Expansive Roof Terrace: Features a spacious roof terrace of approximately 360 sq ft (20 tatami mats). Open-Concept Living: The expansive Living, Dining, and Kitchen (LDK) area offers a generous 564 sq ft (31.7 tatami mats) of airy, open space. Ample Storage: Equipped with walk-in closets and built-in storage in every room for ultimate convenience. Private Amenities: Includes a dedicated powder room and shower room for the second-floor Western-style bedroom. Entertainment Space: Features a 245 sq ft (13.8 tatami mats) party room, perfect for hosting and entertaining guests. Property Overview Right: Freehold. Address: Hocchi, Karuizawa, Kitasaku-gun, Nagano, Japan. Access: 8 min by car from "Karuizawa" station on JR Hokuriku Shinkansen Line. Structure: RC, 2-stories above ground. Zoning: -. Land Area/Private road contribution: 468.13 sqm./19.50 sqm. Living Area: 165.85 sqm. Year built: July 2026. BCR/FAR: 30/50% Current Status: Under Construction. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association RemarksEffective Lot Area: $468.13 \text{ m}^2$Legal Regulations & Ordinances:Subject to the Nagano Prefecture Landscape Ordinance (Asama Foothills Landscape Preservation Priority District).Subject to the Karuizawa Town Nature Conservation Measures Guidelines.Located within a Designated District under Article 22 of the Building Standards Act.Located within a Regulated Area under the Residential Land Development and Specified Embankment Regulation Act.Road Access & Setbacks:Bordering Town Road No. 2-173.Classified under Article 42, Paragraph 2 of the Building Standards Act (requires a centerline setback, with a private road contribution area of approx. $19.5 \text{ m}^2$).Management & Fees:Subject to the regulations of the managed villa community.Estimated Annual Management Fees:For Villa/Vacation Home use: From 291,305 JPY / yearFor Permanent Residency use: From 216,503 JPY / year

Elevated site on the south side, offering excellent sunlight Abundant storage space, including a shoe-in closet (SIC) Parking available for up to three vehicles Spacious garden with a wooden deck Situated in a rare part of Karuizawa where public sewer infrastructure is fully developed. Property Overview Right: Freehold Address: Nagakura Ohinata, Karuizawa, Kitasaku-gun, Nagano ,Japan Access: 15 min-car from "Karuizawa" station on Shinano Railway.(approx. 8.2 km) Structure: Wood structured,2-stories above ground. Zoning: Category Ⅰ residential zone. Land Area/Private road contribution: 327.0 sqm./-sqm. Living Area: 113.44 sqm. Year built: March 2024. BCR/FAR: 60/200% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date

■Located on high ground with a direct view of Mount Asama ■A private approach leads from the road to the building site, ensuring privacy from surrounding views ■Excellent access from Karuizawa Station, offering convenience and abundant nature ■Construction possible with your preferred contractor or manufacturer ■Management Company: Taiyo no Mori Co., Ltd. ■Reference Fixed Asset Tax Amount: (FY 2024) ¥74,527/year PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kita-Saku District ■Access: Approximately 7 minutes by car from Hokuriku Shinkansen “Karuizawa” Station ■Land Classification: Forest ■Land Rights: Freehold ■Land Area: Official Records 2112.61㎡ (approx. 639 tsubo) Additional Land Share (Land Classification: Miscellaneous Land): 3.17㎡ (approx. 0.95 tsubo) ■Road: Private road on west side, width approx. 4m, frontage approx. 20.1m ■Private Road Burden: None ■Zoning: Low-Rise Residential District Type 1 ■Urban Planning Area: Non-designated area ■Other Ordinances: Landscape Act, Natural Parks Act, Forestry Act ■Topography: Sloped terrain with partial flat areas ■Nature Conservation Agreement in place (10m setback from road) ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Management Company: Taiyo no Mori Co., Ltd. ■Management Fee: ¥434,049/year ※Corporate ¥269,049/year ※Individual ■Repair Reserve Fund: ¥60,000/year ■Water Usage Fee: ¥13,200/year ■Security Association Fee: ¥1,000/year ■Reference Property Tax Amount: (FY 2024) ¥74,527/year ■Current Status: Vacant lot ■Delivery: Consultation ■Utilities: Chubu Electric Power, Private Water Supply (owned by Taiyo no Mori), Combined Sewage Treatment Tank, Individual Propane Gas ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

A home where you can experience the changing seasons—featuring a sauna. Unwind and relax in the Japanese-style room with a sunken kotatsu. Dual sinks provide ample space for your morning routine. Ample storage space is provided in every room. Pets are welcome, so you can live here with your beloved family. Enjoy quiet luxury in the counter kitchen with a table. ■Location: 568-12 Yamagami, Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture, and other locations ■Access: Approximately 6 minutes by car (2.7 km) from JR Shinetsu Main Line “Naka-Karuizawa” Station; 7 minutes by car (4.6 km) from JR Hokuriku Shinkansen and Shinano Railway Line “Karuizawa” Station ■Land Rights: Freehold ■Zoning: Type 1 Residential Zone ■Urban Planning Area: Non-designated area ■Area: 106.08 m² (approx. 32.08 tsubo) ■Balcony Area: 17.98 m² (approx. 5.43 tsubo) ■Structure: 3-story reinforced concrete building with slate roofing ■Floor: 3rd floor ■Total Units: 76 ■Construction Date: July 1991 ■Floor Plan: 3LDK ■Developer: Kowa Real Estate Co., Ltd. ■Contractor: Sato Kogyo Co., Ltd. ■Management Company: Tokyu Community Co., Ltd. ■Management Staff: On-site during daytime hours ■Management Fee: 41,700 yen/month ■Repair Reserve Fund: 33,430 yen/month Total: 75,130 yen/month ■Parking: Available (on-site) 81 free parking spaces ■Pets: Allowed (subject to rules) ■Current Status: Vacant ■Delivery: Negotiable ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■ The lush and peaceful Minamihara area—a popular choice for both permanent residences and vacation homes ■ Your ideal Karuizawa home, designed on a spacious lot of approximately 301 tsubo ■ A flat route from Karuizawa Station. A location that combines convenience with a peaceful living environment ■ Build a home with a high degree of flexibility using your preferred contractor or homebuilder Property Information ■ Location: Nagakura, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■ Access: Approximately 6 minutes by car from “Karuizawa” Station on the Hokuriku Shinkansen ■ Land Classification: Residential land and forest ■ Land Rights: Freehold ■ Land Area: 995.52 m² (approx. 301.14 tsubo) as recorded in official records ■ Roads: Private road—approx. 4.85 m wide on the north side, approx. 3.1 m wide on the east side ■ Private Road Maintenance Obligations: None ■Zoning: Type 1 Low-Rise Residential District ■Urban Planning Area: Non-designated area ■Other Ordinances: Landscape Act, Natural Parks Act, Forest Act, etc. ■Topography: Flat land ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 174.06 m² (approx. 52.65 tsubo) ■Structure: 3-story wooden structure with galvanized steel sheet roofing ■Date Built: July 1963 ■Current Condition: Includes an existing house (no demolition planned) ■Closing: Negotiable ■Utilities: Chubu Electric Power, private water supply, combined septic tank, individual propane gas ■Remarks: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■ Mode of Transaction: Brokerage. ■ Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

・A Newly Built One-Story Home in Nanbara, Where Forests and Golf Become Part of Everyday Life ・Built in 2023, this comfortable single-story home features whole-house air conditioning ・Conveniently located with easy access to the prestigious Karuizawa Golf Club ・Ideally situated approximately 7 minutes by car from Karuizawa Station ・A sophisticated 2LDK overlooking lush greenery throughout the seasons Property Overview Right: Freehold Address: Nagakura, Minamihara, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approx. 7 minutes by car (approx. 3.7 km) from Karuizawa Station on the JR Hokuriku Shinkansen Line. Structure: Wood single-story house. Zoning: Category Ⅰ exclusively low-rise residential zone. Land Area/Private road contribution: 402.00 sqm./-sqm. Living Area: 67.07 sqm. Year built: November 2023. BCR/FAR: 20/20% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

■A renovation project by Sumitomo Forestry The kitchen, bathroom, and shower area were renovated in 2023 ■A pre-owned single-family home nestled within the “Honors Hill” development, where you can enjoy the abundant nature characteristic of Karuizawa ■This area is popular for both vacation homes and permanent residences. ■Featuring a sunroof, there are spaces where you can feel the warmth of the sun while indoors. ■Offers a sense of privacy, shielded from the view of neighbors. ■The Honors Hill grounds feature a wide range of amenities. 〈List of Amenities〉 Panoramic hot spring, guest rooms, tennis courts, dog park, golf driving range, and more PROPERTY OVERVIEW ■Location: Oaza Shigezawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture ■Access: 26-minute drive from JR Hokuriku Shinkansen “Karuizawa” Station (approx. 13.3 km) 17-minute drive from Shinano Railway “Naka-Karuizawa” Station (approx. 9.3 km) ■Land Rights: Freehold ■Land Area: Registered 4,542.46 m² (approx. 1,374.09 tsubo) ■Private Road Obligations: None ■Road: Private road on the southwest side, approx. 6.0 m wide ■Land Classification: Residential ■Zoning: Undesignated Area ■Urban Planning: Non-designated Area ■Other Legal Restrictions: Subject to restrictions under Article 22 of the Building Standards Act and the Karuizawa Town Nature Conservation Guidelines, etc. ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 223.19 m² (approx. 67.51 tsubo) ■Structure: 2-story wooden structure with galvanized steel sheet roofing ■Date Built: August 2005 ■Parking: Available (includes garage) ■Current Status: Occupied ■Closing: Negotiable ■Utilities: Private water supply, Chubu Electric Power, individual propane gas, individual septic tank ■Remarks: In the event of any discrepancy between the drawings and the actual condition, the actual condition shall take precedence. ■Exemption from Liability for Non-Conformity ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

This residence was designed by Kengo Kuma & Associates, led by world-renowned architect Kengo Kuma. Management by “Hoshino Resorts Villa Service” ensures a truly luxurious villa experience. “Inspired by the flight of wild birds, the ‘cluster of roofs’ soars through the forest like birds. Beneath these bird-like wings lies a living space that doubles as a museum adorned with art.” PROPERTY OVERVIEW ■Location: Nagakura, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approx. 13-minute drive (approx. 6.5 km) from “Karuizawa” Station on the JR Hokuriku Shinkansen Approx. 5-minute drive (approx. 2.5 km) from “Naka-Karuizawa” Station on the Shinano Railway Line ■Land Title: Freehold ■Land Area: Registered area: 2,464.75 m² (approx. 745.58 tsubo) ■Private Road Obligations: None (Setback required: approx. 45.6 m²) ■Land Classification: Residential land ■Road Frontage: Private road on the east side, width approx. 3.8 m, frontage approx. 53.6 m Private road on the north side, width approx. 1.8 m, frontage approx. 40.2 m ■Zoning District: Type 1 Low-Rise Residential District ■Urban Planning: Non-designated area ■Other Restrictions: Karuizawa Town Nature Conservation Ordinance, etc. ■Building Coverage Ratio/Floor Area Ratio: 20/20% ■Building Area: 240.14 m² (approx. 72.64 tsubo) ■Structure: Reinforced concrete and steel-frame construction with galvanized steel sheet roofing; 2-story above ground ■Ancillary Buildings: ① Single-story steel-frame building: 51.86 m² ② Single-story steel-frame structure, 48.28 m² ③ Single-story steel-frame structure, 58.93 m² ■ Date of Construction: December 2016 ■ Design: Kengo Kuma & Associates ■ Construction: Sasazawa Construction Co., Ltd. / Sato Landscaping Co., Ltd. ■ Management: Hoshino Resorts Co., Ltd. Villa Services ■ Parking: Available ■Current Status: The vacation home is currently in use ■Closing: Negotiable ■Notes: In the event of any discrepancies between the drawings and the actual condition, the actual condition shall take precedence. *Artworks, furniture, and fixtures within the property are included. *Utilities: Private water supply, individual septic tank, individual propane gas, Chubu Electric Power Co., Inc. *Located within Hoshino Resorts-managed grounds (management contract required) ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

■A distinguished estate of refined hospitality, nestled beyond a path leading into the forest ■A garden spanning approximately 622 tsubo (approx. 2,057 sqm), designed to be enjoyed throughout the seasons, featuring natural turf, moss phlox, diverse plantings, a gently flowing stream, and a private dog run, creating a serene atmosphere in harmony with nature ■A forest retreat nestled along the 1,000-meter Forest Road ■A distinguished guest estate designed to preserve the privacy and quality of time for both owners and guests Featuring two separate entrances, a guest floor with a professional-grade kitchen, an open-air bath, and a Jacuzzi, every detail has been thoughtfully designed to create an exceptional living environment ■In addition to its convenient location offering access while avoiding traffic congestion, the property provides an exquisite retreat surrounded by nature, where you can enjoy refined moments at your private vacation home ■Walls and a dining table crafted by lacquer artisans from Tamba-Sasayama ※ Layout: 4LLDDKK + Multipurpose Room + Jacuzzi + Open-Air Bath Property Overview Right: Freehold Address: Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: Approx. 15 min by car from "Karuizawa" station on JR Hokuriku Shinkansen Line. (approx. 7.9 km) Structure: Steel structure,2-stories above ground. Zoning: Category Ⅰ exclusively low-rise residential zone. Land Area/Private road contribution: 2056.51 sqm./-sqm. Living Area: 383.86 sqm. Year built: March 2022. BCR/FAR: 20/20% Current Status: Occupied. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

Located along Yagasaki Street in Old Karuizawa ■Approximately 10-meter ceilings and an impressive gabled roof create an exterior that draws you in and an interior space with captivating design. ■Exceptional exterior design that maximizes structural features ■Within walking distance of Old Karuizawa's Ginza Street PROPERTY OVERVIEW ■Location: Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture ■Access: Approx. 18-min walk from JR Hokuriku Shinkansen/Shinano Railway Line “Karuizawa” Station ■Land Rights: Freehold ■Land Area: Official registry 1,162.79㎡ (approx. 351.74 tsubo) ■Land Classification: Residential ■Zoning District: Low-Rise Residential District Type 1 ■Urban Planning Area: Non-designated ■Road: Public road on northeast side, width approx. 6.2m ■Private Road Burden: None ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other Legal Restrictions: Nagano Prefecture Landscape Ordinance, Nature Conservation Measures Outline, Nagano Prefecture Natural Environment Conservation Ordinance, Karuizawa Town Basic Town Development Ordinance, Karuizawa Town Landscape Development Standards Guidelines ■Building Area: (Planned) 299.88㎡ (approx. 90.71 tsubo) ■Structure: 2-story wooden construction ■Construction date: Scheduled completion June 2026 ■Building confirmation number: 6-Saken No. 601-067 (dated August 3, 2024) ■Current status: Under construction ■Delivery: Scheduled July 2026 ■Utilities: Public water supply, individual septic tank, Chubu Electric Power, individual propane gas *Image is for illustrative purposes only and may differ slightly from the actual property. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・Vacation home community with 24-hour staffed management; no building restrictions ・Approximately a 5-minute drive to Harunire Terrace and Tonbo no Yu ・A location where you can enjoy both the convenience and natural tranquility characteristic of Karuizawa *Please note that there are elevation changes within the property. PROPERTY OVERVIEW ■Location: Tsurutame, Oaza Nagakura, Karuizawa-machi, Kitasaku District, Nagano Prefecture ■Access: Approximately 14 minutes by car (approx. 6.0 km) from “Karuizawa” Station on the Shinano Railway and Hokuriku Shinkansen ■Land Classification: Wilderness ■Zoning: Type 1 Low-Rise Residential Zone ■Urban Planning: Non-designated area ■Land Rights: Ownership ■Land Area: Registered 1,639.00 m² (approx. 495.79 tsubo) ■Road Frontage: Private road on the west side, approx. 5.5 m wide ■Private Road Maintenance Obligation: None ■Other Restrictions: Karuizawa Town Urban Planning Area, Article 22 of the Building Standards Act Area, Karu izawa Town Nature Conservation Guidelines, etc. ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Conditions: None ■Current Status: Vacant lot ■Closing: Negotiable ■Utilities: Private water supply, Chubu Electric Power, propane gas, septic tank ■Building Conditions: Applicable ■Remarks: In the event of any discrepancy between the drawings and the actual site conditions, the actual site conditions shall take precedence. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・A Class 1 architectural firm nestled in a quiet, lush green setting rich in nature A newly built residence designed and constructed by M’s Architects ・Located just past Ginza Street, in a private setting where no other buildings come into view ・Well-equipped vacation home featuring a sauna and sauna terrace ・The spacious building, spanning over 380 square meters, features a shower room in every room. ・The living-dining-kitchen area, spanning over 50 tatami mats, and the large wooden deck offer views of a small stream. PROPERTY OVERVIEW ■Location: Karuizawa Town, Kitasaku District, Nagano Prefecture 5-13 Oaza Karuizawa Seisawa, Part of 43-3 and 43-4 Oaza Karuizawa Karasawa ■Access: Approximately 3.4 km by car from “Karuizawa” Station on the JR Hokuriku Shinkansen ■Land Title: Freehold ■Land Area: Registered: 3,338.57 m² (approx. 1,009.91 tsubo) ■Private Road Maintenance Obligation: None ■Land Classification: Forest ■Road Frontage: North side public road, width approx. 4.1 m, frontage approx. 54 m ■Zoning: Type 1 Low-Rise Residential District ■Urban Planning: Non-designated area ■Building Coverage Ratio/Floor Area Ratio: 20/20% ■Building Permit No.: No. ■Building Area: 340.13 m² (approx. 102.88 tsubo) *Includes garage area of 28.50 m² ■Floor Plan: 4LDK + Balcony + Sauna + 4 Shower Rooms ■Structure: 2-story wooden structure ■Construction Date: May 2026 ■Parking: Available ■Current Status: Vacant ■Closing: Negotiable ■Notes: In the event of any discrepancy between the floor plans and the actual condition of the property, the actual condition shall take precedence. *The interior images shown for reference may differ from the actual exterior, landscaping, color scheme, etc. ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

・The warm, wood-accented LDK (living, dining, and kitchen) features a seamless open-plan layout, creating a bright and inviting living space. ・Expansive windows open onto a spacious wooden deck, allowing residents to fully appreciate the beauty of Karuizawa's changing seasons. ・The second floor is thoughtfully designed with a spacious primary bedroom and two additional generously sized bedrooms. ・Conceptualized as "a vacation home ready to enjoy from day one," the residence comes fully furnished with furniture, appliances, and curtains in every room, allowing you to begin your new lifestyle immediately. Property Overview Right: Freehold Address: Oji-shita, Oaza Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, Japan. Access: 17 min-walk from "Nakakaruizawa" station on Shinano Railway Line.(about 1,360 m ) Structure: Wood structured,2-stories above ground. Zoning: Category Ⅰ residential zone. Land Area/Private road contribution: 490.51 sqm./-sqm. Living Area: 191.12 sqm. Year built: May 2026. BCR/FAR: 60/200% Current Status: Vacant. Delivery Date: Consultation. Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date License Number: Minister of Land, Infrastructure, Transport and Tourism (3) No. 8544 [Member of] Real Estate Companies Association of Japan (FRK) / National Housing Industry Association

PROPERTY OVERVIEW ■Location: Nagano Prefecture, Kitasaku District, Karuizawa Town, Nagakura ■Access: Approximately 10.4km (about 21 minutes) by car from JR Hokuriku Shinkansen “Karuizawa” Station ■Land Rights: Freehold ■Land Area: 1,456.65㎡ (approx. 440.63 tsubo) ■Private Road Burden: None ■Land Classification: Forest ■Road Access: Private road on southwest side approx. 7m wide, private road on north side approx. 9m wide ■Urban Planning: Non-designated area ■Zoning District: No designation ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Other: Height restriction 10m, Forestry Act, Stream prone to debris flows, Karuizawa Town Nature Conservation Measures Outline, Landscape Act, Nagano Prefecture Landscape Ordinance Nature Conservation Measures Outline, Villa area and villa management regulations in place ■Building Area: 110.96㎡ (approx. 35.56 tsubo) ■Floor Plan: 3LDK ■Structure: 2-story wooden construction ■Year Built: July 1978 (Renovated in 2024) ■Current Status: Vacant ■Management Fees: Villa Site Management Fee: ¥376,451/year ■Security Cooperation Fee: ¥1,000/month ■Delivery: Consultation ■Utilities: Chubu Electric Power, Public Water Supply, Individual Septic Tank ■Remarks: Located within a landslide hazard warning zone (Red Zone/Yellow Zone) ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

A luxurious location overlooking Mount Asama. A living room boasting an overwhelming sense of openness with approximately 6.2m ceilings in the LDK. Enjoy lush greenery in spring and summer, beautiful autumn foliage, and a fantastical snowy landscape in winter. ■Location: Higashihara, Nagakura, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approximately 7 minutes by car (about 4.5 km) from Karuizawa Station on the Shinano Railway and Hokuriku Shinkansen ■Land Rights: Freehold ■Land Area: 1,139.00 m² (as per official records) *Includes setback area ■Private Road Burden: None ■Land Classification: Forest ■Road Frontage: Public road on north side, approx. 4m wide, approx. 62m frontage ■Zoning District: Type 1 Low-Rise Residential District ■Urban Planning: Non-designated area ■Legal Restrictions: No fire prevention designation, Building Standards Act Article 22 zone ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 214.90㎡ (approx. 65.01 tsubo) ■Floor Plan: 3LDK + storage + pantry + SIC + Terrace ■Structure: 2-story wood frame with alloy-coated steel roofing ■Year Built: November 2023 ■Parking: Available ■Current Status: Vacant ■Delivery: Negotiable ■Utilities: Public water supply, septic tank, Chubu Electric Power, propane gas, kerosene ※Disclaimer of liability for non-conformity; furniture delivery negotiable Mode of Transaction: Brokerage. Last update date: https://list-sir.jp/lp/date

Not only as a private villa, but also as a welcoming space for guests. Full-length glass windows reflect the changing seasons into the residence, a special resort residence where you can enjoy the essence of Karuizawa as part of your everyday life. The separate guest house and annex feature a full-scale sauna and large jacuzzi. ■Location: Ogisawa, Nagakura, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approx. 8 min by car (approx. 4.0 km) from Shinano Railway “Naka-Karuizawa” Station; Approx. 14 min by car (approx. 7.6 km) from Hokuriku Shinkansen/Shinano Railway “Karuizawa” Station ■Land Rights: Freehold ■Land Area: Official record 2,488㎡ (approx. 752.62 tsubo) ■Land Classification: Forest ■Zoning District: Type 1 Low-Rise Residential District ■Urban Planning Area: Non-designated area ■Roads: Private road on southwest side approx. 6.9m wide, private road on southeast side approx. 5.1m wide ■Private Road Burden: None ■Building Coverage Ratio / Floor Area Ratio: 30% [20%] / 50% [20%] ■Other Legal Restrictions: Article 22 Zone, Karuizawa Town Natural Conservation Area ■Building Area (Main Building): Official Records 275.97㎡ (approx. 83.48 tsubo) Ancillary Building Area (Guest Room Wing): Official Records 57.91㎡ (approx. 17.51 tsubo) Ancillary Building Area (Adjacent Wing): Official Records 9.0㎡ (approx. 2.72 tsubo) ■Structure: Reinforced concrete and steel frame construction with alloy-coated steel sheet roofing, 2 stories above ground with 1 basement level ■Year Built: July 2004 ■Utilities: Private water supply, individual propane gas, Chubu Electric Power, individual septic tank ■Current Status: Vacant ■Delivery: Negotiable ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date

Located in the popular Shirakaba-dai area, this rare new villa offers both the tranquility of natural surroundings and convenient access. ■Location: Nakayama, Karuizawa Town, Kitasaku District, Nagano Prefecture ■Access: Approx. 7 min by car from JR Hokuriku Shinkansen “Karuizawa” Station (4.2km) Approx. 7 min by car from Shinano Railway “Naka-Karuizawa” Station (approx. 3.5km) ■Land Rights: Freehold ■Land Area: Official Records 1,137㎡ (approx. 343.94 tsubo) ■Private Road Burden: Yes (approx. 99㎡) ■Road: 5m setback from road, 3m setback from adjacent land and 1/2 height ■Land Classification: Forest, Public Road ■Road Access: Article 42, Paragraph 1, Item 3 Road; West side road width approx. 4m, approx. 48m road frontage ■Zoning District: First Type Low-Rise Residential District ■Urban Planning: Non-designated area ■Legal Restrictions: Article 22 Area, Nagano Prefecture Landscape Ordinance, Karuizawa Town Nature Conservation Measures Outline ■Building Coverage Ratio/Floor Area Ratio: 20%/20% ■Building Area: 219.40㎡ (approx. 66.36 tsubo) ■Floor Plan: 3LDK ■Structure: 2-story wooden structure ■Construction Date: December 2025 ■Building Confirmation Number: 6-Saken No. 601-048 ■Parking: Available ■Current Status: Unfinished ■Delivery: Negotiable ■Costs: Water Connection Fee ¥132,000 ■Utilities: Electricity, Municipal Water Supply, Septic Tank, Propane Gas ■Mode of Transaction: Brokerage. ■Last update date: https://list-sir.jp/lp/date ※A withholding tax of 10.21% will be applied.