3 Bedroom Condo for sale in Luz, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$814,159
46,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
3
BATHROOMS
4
Description
Experience the pinnacle of urban living in this exquisite 3-bedroom bi-level penthouse at Avalon, Cebu Business Park. This 259sqm masterpiece spans the 19th and 20th floors, offering stunning views of Ayala Center Cebu. The first floor boasts a spacious living room, kitchen, and balcony, along with a maid's quarter and bathroom. Upstairs, find three bedrooms, each with its own bathroom and balcony, plus a private sauna. Fully furnished with premium Smeg appliances and luxurious marble finishes, this home includes two parking slots. Priced at Php 46,000,000.00, it’s the epitome of elegance and convenience.
Property details:
Location: Avalon, Cebu Business Park right across Ayala Center Cebu
Floor level: 19th and 20th floor, facing Ayala mall
Unit size: 259sqm with balconies
*Bi-level Penthouse w/ 3bedrooms, 4T&B, 1 private sauna, 2parking slots and balconies
* On the first floor, it has 1bath + 1maid's quarter, big living room, kitchen and balcony
* Second floor has 3bedrooms, 3T&B and balcony
* Unit comes fully furnished: smeg appliances, real marble, nice finishing
Selling Price: Php 46,000,000.00 net of taxes 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
Atari Real Estate 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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