Land for sale in Banilad, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$1,234,513
69,750,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
Seize the rare opportunity to build your dream home on this exclusive residential lot, which sits within Cebu's most prestigious and sought-after community. This isn't just land; rather, it's the foundation for a life of unparalleled luxury, privacy, and comfort, tailored precisely to your vision. Explore this lot for sale in Cebu City to craft your own legacy.
Spanning a generous 775 square meters, this premium parcel sits along the quiet and established street of Paseo Norma. The lot itself offers a fantastic canvas, specifically featuring a relatively flat frontage that simplifies design and construction. Furthermore, mature trees and lush, verdant foliage adorn the property, thereby providing a natural, tranquil, and cool environment from the moment you step onto it. Consequently, you can imagine designing a bespoke residence that perfectly integrates with this beautiful natural landscape, ultimately creating a private sanctuary for you and your family. The lot for sale in Cebu City promises the ideal blend of nature and convenience.
Moreover, this property nestles inside the exclusive Maria Luisa Estate Park in Banilad, Cebu. As the city's premier residential enclave, this gated community offers an unmatched standard of living. For instance, residents benefit from uncompromising 24/7 security, beautifully manicured landscapes, and a peaceful atmosphere that feels worlds away from the city's hustle. However, it remains only minutes from key establishments. In addition, with convenient access via both the Banilad and Busay gates, this
location positions your home perfectly for both seclusion and accessibility. This is your chance to secure a foothold in an elite neighborhood and, as a result, create a lasting legacy. Therefore, don't miss this exceptional chance to build your dream home on this exclusive residential lot and take advantage of this lot for sale in Cebu City.
Ultimately, the possibilities are limited only by your imagination. For this reason, contact us today to schedule a private viewing and begin the journey to creating the home you've always envisioned. The opportunity to build your dream home on this exclusive residential lot in Maria Luisa Estate Park is waiting for you, especially with this incredible lot for sale in Cebu City.
Property
Features
- Lot Area: 775 SQM
-
Location: Paseo Norma, Maria Luisa Estate Park, Banilad, Cebu
- Terrain: Relatively flat at the road frontage, ideal for building
- Environment: Lush, mature trees and greenery
- Community: Situated in Cebu's most exclusive and secure residential subdivision
Subdivision
Features
- The premier, high-end residential subdivision in Cebu City
- Uncompromising 24/7 security
- Multiple access gates (Banilad and Busay) for convenience
- Beautifully landscaped, wide roads
- Peaceful, private, and nature-filled environment
- Proximity to schools, malls, and business centers in Cebu City
Property ID: SLML38
Type: Lot for Sale
Location: Maria Luisa Park
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.
DotProperty.com.ph
PHP