Real estate in the Philippine islands

One of the best properties available on the island of Panglao, this lot with the
size of 4,641 sq m by the cliff have the absolute waterfront location... truly a
dream turned reality..Great views over to Pamilacan, Siquijor,and Balicasag
islands...famous for being marine sanctuaries and great diving spots, and as
well as the Bohol mainland. On a clear day, you can see Camiguin Island in the
distance and the profile of the Hibok-Hibok volcano.

The property is located just 15 min drive from Tagbilaran City (an hour and a
half ferry ride from Cebu City or a 20 min flight), on the island of Panglao
which is connected by a causeway, and the site is easily accessible by public or
private transportations. The island is famous for the white powdery sand
beaches and superb diving sites. There are plenty of resorts and
accommodations around the area.

This property is one of the few absolute titled lots in the area (which means
there will be no contest ever to the ownership of the lots), and is ready for
transfer for the new owners. It has town supplied water and electricity.
Telephone can be provided by Globelines aerial connection, Satellite TV by
Dream and the Internet can be accessed by VSAT. There is a direct access to the
barangay (municipal) road and there is a 320 sq m driveway which will be used
commonly by the owners of the next lot. The properties have a well-maintained
perimeter fence of concrete hollow blocks and grills painted white and blue
(build cost of Php 2.8 million). The 20 m easement has been observed and there
are concrete steps down the cliff to the water.

There are 2 buildings inside this lot:

Building 1- is an approximately 90 sqm, 2 bedroom 1 bathroom cottage built in
2004. Simple design but meticulously constructed with plenty of attentions to
details.The wrap around deck and terrace are looking towards the water.
Native materials and local hardwood were widely used to have an island house
feel. This could be a great in laws cottage or as accommodation while building
your home. Four Westinghouse ceiling fans are installed and the master’s
bedroom has an air conditioner.

Building 2 – is an under construction, 350 sqm split level house, with plans for a
3 bedroom 3 bathroom and maids quarter. It was built using the best marine
cement and oversized rebars to accommodate for possible future plans of
adding a 2nd storey. The foundation posts were treated with waterproofing
formula to avoid moisture problems. Cement mixing trucks were used when
the massive foundation posts, beams and water tanks were poured, for
uniformity of strength of the building. The terrace for this house is above a 2
level 60 cubic meter epoxy coated water tank built with marine cement for
strength and again of massive construction. A 2x2 meter japanese tub is cut on
the bigger tank to be used as a spa while enjoying the breathtaking views of
Panglao’s south coast and offshore islands. The approved construction plans
can be changed at will by the new owner at this time and the state of the
construction makes it possible for a number of possible floor plans and design
modifications. An oversized septic tank has been dug out from tough coral
limestones.