11 stunning Karuizawa properties that have recently dropped in price

From affordable holiday homes to luxury woodland retreats, these 11 Karuizawa properties have all seen significant price reductions – making now an ideal time to explore one of Japan's most sought-after mountain destinations.

Less than an hour from central Tokyo by Shinkansen, Karuizawa is one of Japan’s most sought-after resort destinations. Set in the foothills of Mount Asama, this elegant mountain town offers cool summers, snowy winters and beautiful natural surroundings, alongside excellent dining, shopping and leisure facilities.

For many owners, a Karuizawa property is a private escape from city life—a place to spend weekends and holidays, entertain family and friends, or enjoy a slower pace of living throughout the year. With forests, golf courses, restaurants, hot springs and outdoor activities close at hand, the town offers a lifestyle to enjoy in every season.

Karuizawa can also appeal to buyers looking beyond personal use. Its convenient access from Tokyo, established reputation as a premium resort and demand for high-quality holiday accommodation make it an attractive location for potential rental income and long-term property ownership.

We’ve found 11 stunning properties that have recently become even more attractive thanks to significant price reductions. Whether you’re looking for a private retreat, a future investment or a place to build your own Karuizawa escape, there’s plenty to explore. And don’t forget to subscribe to our popular Uchi newsletter for the latest listings and property news. Let’s get into it.

New Miyota Home with Twin Decks

Price: ¥120M, USD: $760K

New Miyota Home with Twin Decks. View more images

Completed in March 2025, this high-spec Miyota home combines generous indoor-outdoor living, a spacious open-plan interior, Mt Asama views and a snow-protecting garage—offering a peaceful base within easy reach of Karuizawa.

Modern Minami Karuizawa Home with Sauna and Golf Simulator

Price: ¥298M, $1.89M

Modern Minami Karuizawa Home with Sauna and Golf Simulator. View more images

If you’ve always dreamed of improving your hook or slice from the comfort of your own home, this contemporary Minami Karuizawa retreat could be just the ticket. Alongside a dedicated golf simulator, it features a barrel sauna with cold bath, a spacious open-plan living area and a bioethanol fireplace—perfect for relaxing after a round, real or virtual.

With a built-in garage, additional parking and easy access to Karuizawa Prince Shopping Plaza and Karuizawa 72 Golf, it’s a stylish home designed for fun, comfort and entertaining.

New Toriihara Karuizawa 4BR Home With Sunken Living And Wood Deck

Price: ¥230M, $1.46M

New Toriihara Karuizawa 4BR Home With Sunken Living And Wood Deck. View more images

Newly completed in Naka-Karuizawa, this four-bedroom retreat comes complete with a sunken living room, cosy fireplace and wraparound wood decks.

Set on a generous 1,578 sqm freehold plot, it is just six minutes from Nakakaruizawa Station.

Mt Asama-View Nanpeidai 3BR Home With Terrace And Garden

Price: ¥310M, $1.97M

Mt Asama-View Nanpeidai 3BR Home With Terrace And Garden. View more images

Mount Asama views, a leafy garden and room to breathe—this three-bedroom Nanpeidai home comes with furniture, parking for three cars and plenty of Karuizawa charm.

Plus, it’s just 10 minutes from Nakakaruizawa Station.

Oiwake Detached House

Price: ¥98M, $620K

Oiwake Detached House. View more images

A bright, nature-filled four-bedroom, two-bathroom log home in Karuizawa, complete with a huge deck and private sauna.

Inside, a wood-burning stove, air conditioning, imported furniture and a striking chandelier add comfort and character, while a traditional Japanese-style room brings a classic touch.

Sunlit 4-Bed Villa on a Large Woodland Plot in Nakakaruizawa

Price: ¥358M, $2.27M

Sunlit 4-Bed Villa on a Large Woodland Plot in Nakakaruizawa. View more images

In leafy Tomigaoka, this spacious four-bedroom home offers woodland privacy just three minutes by car from Nakakaruizawa Station.

With a generous main residence, built-in garage and additional outbuildings, there’s plenty of room for all—while underfloor heating and a fireplace keep things comfortable year-round.

Karuizawa 2SLDK Holiday Home

Price: ¥14.3M, $90K

Karuizawa 2SLDK Holiday Home. View more images

With one of the most accessible price points on our list, this furnished two-bedroom villa in Saku offers a peaceful highland escape at around 1,200 metres above sea level.

Enjoy cool summers, snowy winters and easy access to skiing, hiking and Karuizawa—with potential rental income thrown in for good measure.

Karuizawa Bypass-Front Shirakabadai Land For Business Use

Price: ¥238M, $1.51M

Karuizawa Bypass-Front Shirakabadai Land For Business Use. View more images

This visible Shirakabadai site faces the Karuizawa Bypass and offers road frontage on three sides, including a wide paved public road.

With nearby restaurants, roadside businesses and a large supermarket just six minutes away by car, it could suit a commercial or mixed-use concept while retaining a Minami Karuizawa setting.

Karuizawa East 5BR Home, 8-Minute Walk to the Station

Price: ¥198M, $1.26M

Karuizawa East 5BR home, 8-minute walk to the station. View more images

This bright and practical five-bedroom home in Karuizawa East is just an eight-minute walk from Karuizawa Station, with shops, restaurants and everyday essentials close by.

Two attic storage areas, multiple A/C units and a pellet stove make it well suited to comfortable year-round living or easy weekend stays.

5 Bedroom Nakakaruizawa Home with Central A/C and Garage

Price: ¥298M, $1.89M

5 bedroom Nakakaruizawa home with central A/C and garage. View more images

This stately five-bedroom home in Nagakura offers the space and practicality of a year-round residence, just a three-minute drive from Nakakaruizawa Station.

With a classic American-style exterior, bright white interior, central air conditioning, gas fireplace and generous storage, it’s comfortable and easy to settle into. A built-in two-car garage, extra parking and included furniture mean you could move straight in.

Renovated 3BR Taroyama Home with Fireplace and Floor Heating

Price: ¥310M, $1.95M

Renovated 3BR Taroyama home with fireplace and floor heating. View more images

A comfortable three-bedroom home in Nagakura’s quiet Taroyama villa area, surrounded by peaceful woodland and plenty of greenery.

Renovated and repaired in June 2024, it features underfloor heating, a fireplace and attic storage—ideal for relaxed longer stays. With generous land and parking for two cars, it’s a ready-to-enjoy Karuizawa retreat.

Keen for more gems from all over Japan? Head to Uchi, where you can use our powerful filter tool to find your ideal property.