Land for sale in Banilad, Cebu, Mandaue, Cebu
Cebu, Philippines
Guide Price
$768,584
43,425,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
Property ID: SLML3
Type: Lot for Sale
Location: Cebu City, Banilad, Maria Luisa Estate Park
Lot Area: 579 SqM
Features:
Scenic Views: Gentle slope with potential for panoramic mountain views
Prime
Location: Steps away from Emerald Lake Valley Park, offering a serene escape
Easy
Accessibility: Close proximity to Cebu Transcentral Highway, adding excellent alternative to daily commutes
Exclusive Community: Maria Luisa Estate Park is known for its exclusivity and world-class
amenities
Perfect for:
Building a custom dream home with a unique design
Investors looking for a valuable property in an upscale community
Nature lovers who want to be surrounded by scenic views and peaceful surroundings
Amenities"
Lush Landscape: A drive through this posh subdivision’s winding roads reveals a landscape that gives an instantaneous calming effect.
Security & Safety: For decades, Maria Luisa Estate Park has provided security and safety to everyone who has lived there.
Tranquil Living: Away from the maddening city lifestyle, its residents have long found comfort in the tranquility that envelopes the community.
Maria Luisa Estate Park is undoubtedly Cebu’s most sought after residential
development not only by locals but foreigners as well. With lots that
give you the best views of the surrounding landscape and choice cuts
ensconced in gorgeous valleys and hills, Maria Luisa Estate Park remains
unsurpassed. A drive through this posh subdivision’s winding roads will
reveal why this is so.
The lush landscape gives an instantaneous
calming effect to anyone who enters Maria Luisa Estate Park. Away from
the maddening city lifestyle, its residents have long found comfort in
the tranquility that envelopes the community. For decades, Maria Luisa
Estate Park has provided security and safety to everyone who has lived
there. Telephone number: View Phone
Location
Open in Google MapsLiving in Cebu
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Cebu Grand Realty
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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