Land for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$299,469
16,920,000 PHP
PROPERTY TYPE
land
BEDROOMS
1
BATHROOMS
1
Description
Resale 376 sqm beachlot in Discovery Bay, could be build for a residential house or commercial purposes such as diving shop, pension house, hotel or beach restaurant.
Breathtaking views from sunrise to sunset. The music of the birds and the sea in your ears, the serenity of life at seafront..This is DISCOVERY BAY.
With the commanding view of the stunning blue waters, DISCOVERY BAY is strategically situated at the tip of Punta Engano, Mactan islands famed diving destination. The unique geographical design offers an exciting ranges of recreational activities which will also featuress open piers that are perfect for water sports facilities.
Commercial ocean view lots and the Resorts Country Clubhouse fronting
the magnificent coastline of Hilutungan Channel will make Discovery Bay a completely self-sustained community with leisure and business equality accessible to tourist and guest.
Discovery Bay is strategically located at the tip of the North eastern part of Lapu-lapu City. Minutes away from the countrys second international airport : Mactan Cebu International Airport. En route to Discovery Bay from the airport, turn right at the intersection at Marina Mall. Follow that road going towards Brgy. Mactan, going past Mactan Shrine. Before you enter Punta Engano, you will pass by Shangri-la Hotel followed by The Hilton Resort and Spa.
Before our project site, theres a high-rise condominium : Coral Point Condo , then a few meters from there is Discovery Bay, your home in paradise. World-class
features and amenities..Commercial and bay lots that sit on a prime property that is Mactan Island. There are some of the factors that guarantee a high property appreciation.Only a select few will have the sea as part of the place they call home, for this 13.4 hectares property promise low density-living.Definitely your ideal haven. Where everyday is colored with the bright orange of sunrise and the starlit blue of midnight.
DISCOVERY BAY...YOUR HOME IN PARADISE.
AMENITIES
* Clubhouse with swimming pool, basketball court, badminton court,
tennis court
* Well planned community
* Fully landscape entrance gate with guard house
* Children�s playground
* Wide concrete road network
* Paved sidewalks with concrete curbs, roads and gutters
* Underground storm drainage system
* Complete electrical and water system
* Shade trees and mercury lamps
* DISCOVERY BAY TOWER - reception and coffee shop
* DISCOVERY BAY CLUB - fitness gym, spa & fine dining restaurant 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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