1 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$345,133
19,500,000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
1-Bedroom Condo for Sale at Sheraton Cebu Mactan - Beachfront Luxury Living
Step into a world of elegance and exclusivity at The Residences at Sheraton Cebu Mactan Resort — a prestigious address that offers resort-style living in one of the Philippines’ top beachfront destinations.
Unparalleled
Location
Located on the pristine shores of Mactan Island, Cebu, this property offers residents-only access to a private white sand beach, along with panoramic ocean views from every unit.
-Unit
Features-
-1-Bedroom (12th Floor)
-Size: 71.94 sqm
-Unfurnished (includes premium Bosch kitchen appliances & cabinetry)
-Marbled bathroom with bathtub, Kludi fixtures, and hot/cold shower
-Spacious balcony with breathtaking sea view
-Walk-in closet and show kitchen layout
-Includes parking slot
Exclusive
Amenities
-Private residents-only Beach Club
-Expansive lagoon & terraced pools
-Sheraton Club Lounge access & SPG Gold Status
-Modern fitness center, yoga room, and spa
-Award-winning tropical design by Blink Design Group
Only 6 units per floor for optimal privacy
-Investment Potential-
With its prime beachfront location, world-class amenities, and backing from the Sheraton global brand, this property is a rare opportunity for both personal use and high-end rental returns.
-Selling Below Market Price: PHP19.5M
-Own a piece of paradise today.
Messsage us now to scheduule a private viewing.
Gemmare T. Mariquit
Please let us know if you need anything else. 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
Global One Realty & Property Management 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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