Back to Cebu, Philippines

2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu

Cebu, Philippines

Guide Price

$336,283

19,000,000 PHP

PROPERTY TYPE

condo

BEDROOMS

2

BATHROOMS

2

2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu - Photo 2
2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu - Photo 3
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Description

RenovatedTwo bedrooms beach condo facing ocean, master bedroom with toilet & bath, second bedroom, 1 common toilet & bath, living area, kitchen & dining area, maid‘s room with t&b, service & utility area, lanai, and big common balcony. Net of expenses.

This villa by the beach is situated in one of the premier beach lots in the tropical island of Cebu closer to luxurious resorts. Located in one of the exclusive residential and resort communities in Cebu, the development is proximate to convenient locations as well as the international airport.

Located at the tip of Mactan, this secluded and private compound is home to many who wants luxury and privacy. A class of its own. This complex is ideal for people who want to get away from the hustle and bustle of everyday life and enjoy the beach cool breeze.

Coralpoint Resort Village is located at the northeastern tip of Mactan Island, and a convenient 15-minute drive from the Mactan International Airport. Cebu City - which is connected by two bridges to Mactan-is only a 30-minute drive away and the second largest city in the Philippines. The metropolitan area of Cebu is highly urbanized and cosmopolitan, composed of three adjoining cities of Cebu, Mandaue, Lapulapu and Talisay and the municipalities of Consolacion and Liloan to the North, and has a total population of over two million. It has a well developed industrial and commercial base since it is the principal inter-island port and trading center of the Philippines, outside of Manila. There are ample entertainment, cultural, leisure and social activities. Cebu has some of the finest restaurants, resorts, hotels, golf courses, and country clubs in the country, including world-class gambling casinos.

Cebu is also the principal

transportation hub for central and southern Philippines. Most flights, inter-island shipping lines, ferry boats, fast craft, and other transport companies originate and are based in Cebu to serve routes throughout the archipelago.

The Mactan Economic Zone I (MEZ I), formerly known as the Mactan Economic Processing Zone I (MEPZ I) is located beside the Mactan International Airport. It is the home of over 150 operating multinational companies, including TIMEX (TMX), Lexmark, Teradyne, Asahi Pentax , National Semiconductor, Fairchild and the like. The MEZ I employs over 40,000 skilled workers and over 200 expatriate executives. Mactan Export Zone II (MEZ II), located at the southern end of he Mactan International Airport is already fully occupied and has 15,000 employees as of April 2005.

GEOGRAPHICAL

LOCATION AND CLIMATE

Cebu City is in the center of the island of Cebu, which is approximately 1,000 kilometers north of the equator and located in Central Philippines, 500 kilometers south of Manila. Flying time from Cebu to Manila is approximately 1 hour from Manila; Cebu to Hongkong, 2 1/2 hours; Cebu to Singapore, Taipei or Kuala Lumpur, 3 hours; and Cebu to Narita, 4 hours.

It has no distinct wet or dry season, making it a

Location

Open in Google Maps

Living 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
See all Philippines listings

Philippines at a glance

How Philippines scores for American expats

💰Cost of Living
Affordable
🛡️Safety
Use caution
🗣️English Spoken
Widely
🏥Healthcare
Basic
🌬️Air Quality
Poor
📶Internet
Slow
🚶Walkability
Moderate
🚇Transit
Limited

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.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

DotProperty.com.ph

Portal listings

Currency

PHP