1 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$172,153
9,726,663 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
Arterra Residences at Discovery Bay: Own a Piece of Paradise in Punta Engaño, Lapu-Lapu City
Discover the perfect balance between tropical serenity and smart investment at Arterra Residences, a premier condotel and residential development by Sta. Lucia Land. Perched at the tip of Punta Engaño, Lapu-Lapu City — home to world-class resorts and just 20 minutes from the Mactan-Cebu International Airport — Arterra offers breathtaking panoramic views of the ocean and the vibrant island life of Mactan. Whether you’re seeking a vacation retreat, a profitable condotel investment, or a permanent home, Arterra Residences is designed to deliver exceptional value and unmatched lifestyle benefits.
Arterra Residences combines modern convenience with the beauty of nature, offering both condotel units for rental income and residential units for private living. With Sta. Lucia’s proven track record in property management and development, owners enjoy not only high-quality residences but also the option for seamless rental operations. Its strategic
location along the same strip as prestigious 5-star hotels makes it a highly desirable property for tourists, business travelers, and long-term residents.
Development Key Details:
-No. of Floors: 20
-Unit Types Offered: Studio with Balcony (Condotel), 1-Bedroom, 2-Bedroom (Residential)
-Price Range: ₱4,580,636.40 – ₱9,787,950.40
-Product Type: Condotel & Residential Condominium
-Ownership Options: For personal use or rental income through professional management
Unit
Features & Deliverables:
-Each unit is designed for comfort, style, and functionality:
-Tastefully painted and tiled living, dining, bedroom, and bathroom areas
-Functional kitchen setup with countertop, sink, and cabinets
-Toilet and bath with quality fixtures
-Private balcony (for selected units) with panoramic sea views
-Smart door lock system
-Ample window ventilation and natural light
Building
Features &
Amenities:
-Arterra offers an array of
amenities that enhance resort-style living:
-Recreational
Amenities: Swimming pool & children’s pool, Jacuzzi, Pool bar, Health spa, Fitness gym, Billiard & game room, Basketball/badminton court
-Business & Leisure: Function rooms, Business center, Coffee shop & restaurant
-Water Activities: Jet ski, Hobie cats, Paragliding, Diving, Island hopping, Fishing
-Safety & Security: 24/7 security, CCTV system, Fire alarm & sprinkler system, Standby generator
Location Proximity:
-20 minutes – Mactan-Cebu International Airport
-Along the same strip as Shangri-La’s Mactan Resort, Movenpick Hotel, and other luxury resorts
-Close to Mactan Shrine and various diving spots
-Easy access to commercial establishments, restaurants, and
transportation hubs
Units & Sample Price Range:
Studio with Balcony (Condotel)
-Floor Area: 31.1 – 41.34 sqm
-Price Range: ₱4,580,636.40 – ₱5,391,583.20
1-Bedroom Unit (Residential)
-Floor Area: 65.07 sqm
-Price: ₱9,726,663.60
2-Bedroom Unit (Residential)
-Floor Ar
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
Broker Junie Alon, CPA, REB
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.
DotProperty.com.ph
PHP