House for sale in Magtuod, Davao del Sur, Davao City, Davao del Sur
Davao, Philippines
Guide Price
$193,476
10,931,373 PHP
PROPERTY TYPE
house
BEDROOMS
1
BATHROOMS
1
Description
VELMIRO HEIGHTS Davao
�VELMIRO HEIGHTS SUBDIVISION�
� Property Type: For Sale, House and Lot, Townhouse.
Price: 10,931,373.31.
Reservation fee: 50,000.00
�Property Status: Middle Class, Pre-selling
Location: Magtood, Maa, Davao City
⛰Overlooking Area
⏱ 15 minutes from S&R
� One ride to City Proper
�AMENITIES & FACILITIES�
� Club House Mira (VELMIRO Clubhouse)
� Adult Pool
� Kiddie Pool
� Sauna Pool
� Fitness Gym
� Function Rooms
� Landscaped Gardens
� Lounge Area
� Conference and Dining Room
� Play Ground
PROJECT
FEATURES &
AMENITIES
2 Entrance on 2 Access Roads
2 Guardhouses
10-12m wide main road
Pedestrian Sidewalks
1.8m High Perimeter Fence
24Hours Security
Basketball Court
2,200sqm NATURE PARK
Tree Lined Streets
Street Lighting System
Overhead Water Tank
Water Catchment Facility
Waste Disposal System
Property Management Services
NEAR ESTABLISHMENTS & ATTRACTIONS
� 15 minutes away from S&R (Membership Shopping in MA-A)
� 10-15 minutes from DOWNTOWN DAVAO.
� 10 minutes away from DAVAO RIVERFRONT CROCODILE PARK & ZOO
� ACCESS TO EDUCATIONAL INSTITUTIONS �
� 20 minutes away from ATENEO DE DAVAO UNIVERSITY
� 25 minutes away from UNIVERSITY OF MINDANAO.
Location
Open in Google MapsLiving in Davao
The largest city in Mindanao and one of the Philippines' safest and most orderly, with a low cost of living -- you can live well on $1,000-1,500/month. Tropical fruit capital of the country with great local food and friendly locals. English is widely spoken, and there's a small but established expat community.
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
K LAND PROPERTY CORPORATION
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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