3 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$442,478
25,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
3
BATHROOMS
2
Description
Spend your days gazing at spectacular ocean views. At night, enjoy the stars or the city lights of Cebu and islands beyond. Relax in the serenity of your own private haven and indulge in your favorite watersports. This is surely the place where you can kick off your shoes, brush off life's formalities and enjoy the simple pleasure of being surrounded by sun, sea and sky.
A unique resort-style design condo-apartment of 180 sqm that can comfortably sleeps 4 persons. Fully furnished with DEDON furniture’s, a modern fully equipped kitchen, 2 generous bedrooms and 2 bathrooms. The place does not only offer you a quiet and relaxed luxury living, it also eliminates the boundaries between living in and outdoors. Calm, Serene, Quiet, Secured and distant from the bustle of the city.
The very generous balcony equipped with a large dining area and a cozy lounging area, sits on 2 sides of the apartment with a breathtaking 180°-degree view over the ocean and the tip of the island – a scene you would not want to miss out, especially the magical morning sunsets.
Located at the northeastern tip of Mactan Island, and a convenient 15-minute drive from the Mactan Cebu International Airport. A mixed of international restaurants and grocery are within 10 minutes away, with the brand new Mactan Newtown Mall. Most international luxury hotels (Abacca, Shangri- la, Dusit Thani, Mövenpick, ...) are located within 5 minutes and offer great dining and beach experiences. 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 village boast of the following
amenities:
• Parking
• Club House with Pool Bar
• 2 Fresh water pools
• 1 Fresh water pool for children
• 1 Saltwater pool
• Lockers room
• Slipway for boats and other water sports
• Lavish Park & Gardens
• 24-hour Security 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
1st Cebu Homes Property Management & Realty Corp.
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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