1 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$423,009
23,900,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
This one-bedroom, 68 sqm unit, located on the 17th floor, offers breathtaking sunset views of Magellan Bay and the distant city lights of Cebu City, framed by the surrounding mountains. The unit is part of the multi-award-winning project at The Residences at Sheraton Cebu Mactan Resort, recognized as the Best Condo in the Philippines.
INCLUSIONS:
- Parking lot (indoor)
- Kitchen
- Oven
- Induction cooktop
- Range hood
- Refrigerator
- Washer
- Dryer
- Air conditioning (2x)
- Built-in cabinets
- Sliding door (3x)
- Bathtub
We are offering this exclusive unit for only Php 23.9M. This price includes select furniture, making it a rare below-market-value deal.
The Residences at Sheraton Cebu Mactan Resort will stand in a 3.8 hectare property that fronts an immaculate stretch of private white beach. Within an impressive 22-storey main tower are 154 units in one-, two-, and three-bedroom configurations. For utmost privacy, the tower has a maximum of only six residences per wing, per floor. Facing the tower are 36 private courtyard villas, each with its own pool.
Facilities include:
Residential lobby
Courtyard’s large lagoon pools
Fully fitted fitness center
Separate male and female steam rooms
Residents’ Lounge
Multi-purpose function room
Kids’ room
Access to private beach club
Director of Residential Services
Mailbox area
Four dedicated residential-tower passenger elevators
Service elevator
Dedicated parking
Residence
1. Main entrance
2. Sales pavilion
3. Residence drop-off
4. Residential tower:
Upper ground
• Residents’ lounge and library
• Function room
• Lobb
Amenity level
• Fitness centre and steam rooms
• Kids’ area
• Yoga room
5. Residential courtyard units
6. Courtyard lagoon pool
7. Kids’ pool
8. Residence guest parking
9. Residential beachfront
facilities
Resort
10. Resort parking
11. Resort basement parking entrance
12. Resort drop-off
13. Resort tower
14. Resort lobby lounge
15. Ballroom & pre-function area
16. All-day dining
17. Cave bar
18. Function lawn
19. DJ booth
20. Specialty restaurant
21. Terraced pool
22. Leisure pool
23. Kids’ pool
24. Bus parking
25. Jetty area
26. Chapel area
27. Spa & fitness centre (@lower level)
28. Kids’ play area (@lower level) 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
MDC REALTY & BROKERAGE
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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