2 Bedroom Condo for sale in Punta Engaño, Cebu, Lapu-Lapu, Cebu
Cebu, Philippines
Guide Price
$318,584
18,000,000 PHP
PROPERTY TYPE
condo
BEDROOMS
2
BATHROOMS
2
Description
Wake up to the breathtaking blue waters of Mactan in this beautifully designed 2-bedroom condo for rent in Punta Engaño. Offering a seamless blend of luxury and coastal living, this residence is perfect for those seeking a serene yet upscale lifestyle.
Step inside and be captivated by the elegant interior design, high-end finishes, and thoughtfully curated spaces. The open-concept living and dining area is bathed in natural light, creating a warm and inviting ambiance. The modern kitchen is fully equipped with premium appliances, sleek cabinetry, and stylish countertops, making it as functional as it is beautiful.
The master bedroom offers a private retreat with an en suite bathroom, while the second bedroom is ideal for guests or a home office. The true highlight of this home is the expansive balcony with an uninterrupted 180-degree view of the sea—a perfect spot to relax, entertain, or simply enjoy the beauty of island living.
Located in Punta Engaño, Mactan, this condo places you minutes away from world-class resorts, fine-dining restaurants, and premium beach clubs. Enjoy easy access to:
✔ Mactan-Cebu International Airport – 20 minutes away
✔ Lapu-Lapu’s top resorts – Shangri-La, Movenpick, Sheraton, and The Reef
✔ The Emerald Bay and The Mactan Newtown – Cebu’s future luxury and business hubs
✔ Golf courses, yacht clubs, and island-hopping adventures
This is a rare opportunity to enjoy a slice of paradise, perfect for long-term living in comfort and style, and for those seeking a refined, everyday lifestyle.
Experience luxury coastal living—schedule a private viewing today! 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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