2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$442,478
25,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
2
Description
Coral Garden Suites and Residences
Coral Point Mactan for SALE - 2BR unit Garden Resort
2BR for SALE Coral Point Garden Mactan, Cebu
Corner Unit, facing east with direct beachfront view.
Furnished Unit
With common Parking
Kenneth and mock windows and sliding doors (lifetime warranty for Labor only)
With water salt pool and clubhouse pool
Sale: Php 35M down to Php 25M NET
Tower: 3rd tower
Floor: 3rd floor
Floor area: Php 160sq meters
BR: 2
T& B: 2
Maids quarter and laundry with own TB
Guest room with own toilet and Bath
Location:
Across Amisa and Dusit Thani
Near Sheraton, Shangrila, Aruga
Located along the Northeastern tip of Mactan Island, only 20 min. from the Mactan International Airport and approximately 1 hour from Cebu City. A 235-meter beach front is located within the Coral Point Beach and Yacht Club property.
Exclusive
Facilities and
Amenities:
Clubhouse • Dry Dock and Boat Park • Boat Ramp/Slipway
• Private Island and Lagoon • Air-Conditioned Restaurant • Bar
• Function Area • Landscaped Garden area • Ladies and Gents Locker Rooms • Massage Service • Large Beach Front
• Beachfront Park and Garden • Beach
Facilities • Cabanas and Sundecks • Saltwater Swimming Pool • Freshwater Swimming Pool
• Whirlpool Spa • Tennis Court • Phone System
• Internet Broadband Connections • Fax and E-mail Service
• Fire Alarm Sprinkler System • Covered Parking • 24 Hour Security
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
Jude Embrado/Cebudreaminvestment
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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