5 Bedroom House for sale in Banilad, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$706,195
39,900,000 PHP
PROPERTY TYPE
house
BEDROOMS
5
BATHROOMS
4
Description
For Sale: 5-Bedroom Home with Game & Family Rooms – Maria Luisa Estate Park, Phase 8
Discover timeless elegance and modern comfort in this spacious 5-bedroom residence nestled in the prestigious Maria Luisa Estate Park, Phase 8—one of Cebu’s most exclusive and sought-after communities. Designed for families and those who love to entertain, this home offers a perfect blend of luxury, functionality, and convenience.
Property
Highlights
Prime
Location – Situated in Phase 8, just a short walk to a children’s playground, ideal for family living.
� Lot Area: 318 sqm (≈ 3,423 sq. ft.)
Floor Area: 255 sqm (≈ 2,745 sq. ft.) – 240 sqm main + 15 sqm basement
� 5 Bedrooms – Including a maid’s room for added convenience
� 4 Bathrooms – Well-designed and functional layouts
� Entertainment-Ready –
Features a dedicated game room with billiard table and a cozy family room perfect for movie nights or gatherings
� Ample Parking – Space for 3 vehicles, expandable to 4
� Classic Build – Constructed in 1998, blending timeless charm with practicality
Why This Home is Perfect for You
✔ Family-Centered Design – Spacious bedrooms, a family lounge, and a game room create the perfect setting for bonding and relaxation.
✔ Prestigious Community – Located in one of Cebu’s most secure and upscale subdivisions, offering privacy, exclusivity, and easy access to top schools, malls, and lifestyle hubs.
✔ Entertainment Lifestyle – Ideal for hosting friends, enjoying billiards, or cozy family movie nights.
✔ Timeless Value – A rare opportunity to own a well-built home in a high-demand neighborhood with long-term appreciation.
Schedule Your Viewing Today
Don’t miss the chance to own this rare gem in Maria Luisa Estate Park—a property that combines luxury, comfort, and lasting value in one of Cebu’s most prestigious addresses.
Contact us now for inquiries or to book a private viewing. 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
PH PRO 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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