Coral Resort Estate

15/11/2025

01/06/2024

Own a Piece of Paradise in CORAL RESORT ESTATES - PHASE 3 🏄‍♂️🏖🏝🏊🏻‍♂️

Location: Brgy, Pagahan, Initao, Misamis Oriental
Type: LOT ONLY

Overview

Coral Resort Estates is Northern Mindanao’s first residential resort estate, an exclusive high-end residential complex offering a luxurious, resort-style community. This premier estate is designed to provide residents with an all-inclusive, comfortable, secure, and enjoyable lifestyle.

Amenities

• Infinity Pool
• Gazebo, Parks & Playground
• Meditation Garden and View Deck
• Hanging Bridge leading to a half-kilometer stretch of beachfront
• Upcoming Amenities:
• Floating Jetty
• Putting Green
• Aqua Sports Area
• Pool by the Sea

Ideal For:

• Dream House
• Holiday Home
• Primary Home
• Investment Property

Pricing and Payment Terms

• Regular Lot: 180 sqm
• Price/sqm (VAT inclusive): ₱23,000
• Total Contract Price (TCP): ₱4,140,000
• Add: 10% Miscellaneous Fee: ₱414,000
• Total Price: ₱4,554,000

Payment Schedule:

• Reservation Fee: ₱100,000
• 10% Downpayment (in 12 months): ₱455,400
• Less: Reservation Fee: ₱100,000
• Net Downpayment: ₱355,400
• Monthly Payment (12 months): ₱29,617 Monthly
• 90% Balance (thru Bank Financing): ₱4,098,600

Highlights

• Subdivision inside a resort fronting the sea
• Perfect for scuba diving, snorkeling, water sports, and more

For site tours and reservations, please contact:
Mia Scarlet A. Salvaña
09069176102

21/03/2024

Coral Resort Estates is your personal Bali in the heart of Misamis Oriental.

Put your mind at ease in the meditation garden and take a relaxing dip in the blue waters of Initao Bay.

Invest on your vacatiom or retirement home on this peaceful resort subdivision just along the highway of Initao, few minutes drive from Laguindingan airport

To know more, price and site tour schedule, send me a message or contact 09069176102

24/02/2024

Coral Resort Estates Lot For Assume or Sale!

Old price pa! Save much compare to the current developer's price.

Enjoy the private residential beach side home 🏝🏠

Lot Area= 180sqm
Block 17 Lot 9, Phase 2
Assume Price= 650k (open to terms)
Fully Paid Equity, assume price includes the transfer & redocs fee worth 105,700
Loanable Amount= 2,916,000 (can be loan or can be cash or deffered)

Wala pa na loan sa bank so ma under sa new buyer ang title and loan name para no risk and no hassle

Send a direct message or contact 09069176102

01/02/2024

CORAL RESORT ESTATES❗
📣MODEL HOUSE FOR SALE❗

📍Brgy. Pagahan, Initao Misamis Oriental

Block 10 Lot 11
Lot area: 250sqm
Floor area: 101.04sqm

Total Price: 12,362,500 Cash/Bank

4 Bedrooms
3 toilet and bath
spacious balcony and terrace
Carpark

✅Near Amenities
✅Near Beach front

Vacation or Retirement home✨



Message me or contact 09069176102💬

07/11/2023

Coral Resort Estates Lot For Assume!

Old price pa! Save 600k compare to the current developer's price.

Lot Area= 180sqm
Block 16 Lot 6, Phase 2
Assume Price= 500k
Fully Paid Equity
Loanable Amount= 2,592,007
Wala pa na loan sa bank

Send a direct message or contact 09069176102

23/09/2022

🏡How to Transfer a Land Title from a Deceased Parent 🏡

‼️Certain things you need to take care of legally, especially if there is no will created before the parents passed away.

How do you go about the process?

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🔴 Extrajudicial Settlement of the Estate

In order to have the land title transferred, it needs to be settled first in what is legally called the Extrajudicial Settlement of the Estate. The estate is the property involved. The process involves drafting a contract which clearly indicates how the property will be distributed among the heirs. This process is also known as out of court settlement because as the term suggests, the heirs will no longer have to go to court to distribute the properties which the deceased parent/s left.

Following Rule 74, Section 1 of the Rules of Court, the heirs need to secure and execute a Deed of Extrajudicial Settlement of Estate and Adjudication of Estate with the help of a lawyer. However, all heirs must get into an agreement, including those who are not interested in the property. The deed should specify the following information:

🔸The absence of a will
🔸Proof that the deceased parent/s has no debts left
🔸Name and relationship to the deceased; Heirs should be of legal age, otherwise, minors should have a legal representative
🔸Affidavit of self-adjudication, and deed of extrajudicial settlement of estate and adjudication of the estate (should be signed by all the heirs and afterward notarized before a Notary Public)
🔸Description of the property to be divided among the heirs
🔸Bond fixed by the court, should there be personal property involved

After a certain number of weeks, the heirs will have to obtain the certification and publication in the newspaper and have it affirmed and verified by the Bureau of Internal Revenue (BIR). They will release a certificate to the heirs which should be submitted to the Registry of Deeds or Land Registration Authority.

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How to transfer ownership of a property to the heirs
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🟢 1. Fill out an application for registration from BIR (Form 1904). All heirs (both living and deceased) must have a valid Tax Identification Number (TIN). Some things to remember:

🔹The name of the deceased parent/s should be written on the taxpayer’s name field
🔹The address of the deceased should indicate the same address as what is on the death certificate
🔹Fill out the foreign address field if the deceased died abroad and has no official residence in the Philippines
🔹Include a photocopy of the Certified True Copy of the death certificate on the form

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🟢 2. Make sure all mandatory documents are complete as this will be submitted to the BIR:

🔸Photocopy of the death certificate (bring the original copy too for verification)
🔸Proof of payment (official receipt or deposit slip and duly validated return)
🔸TIN of Estate
🔸Affidavit of Self Adjudication
🔸Sworn declaration of all properties of the estate
🔸Deed of Extrajudicial Settlement of the Estate (if the estate has been extrajudicially settled)
🔸Court Order (if the estate has been settled judicially)

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🟢 3. Accomplish an estate tax return form from BIR (Form 1801). Ask assistance from the Officer of the Day at the BIR, because they are also the one who will compute the taxes based on the documents submitted.

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🟢 4. Pay the estate tax to the BIR before the notarized deed can be registered. It is important to settle the file transfer immediately so that the estate tax will not get accumulated. You can pay through the following:

🔸Revenue Collection Officer;
🔸Authorized agent bank (AAB) by the BIR;
🔸Duly authorized Treasurer of the city/municipality in the Revenue District Office where the residence of the deceased at the time of death is located;
🔸If the person outside of the country and cannot be represented locally, you can settle through an AAB under RDO No. 39 South Quezon City

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🟢 5. Submit all the required documents, as well as the proof of payment to the BIR’s Revenue District Office (RDO). A claim stub with a reference number will be given if all requirements have been submitted. As soon as the processing is done, a Certificate Authorizing Registration (CAR) will be released. For all one-time transactions, the CAR will be released within 5 business days from the date of receipt of tax returns with complete required documents.

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🟢 6. As soon as you have the CAR, you may now proceed with the transfer of registration of the land title. According to the Land Registration Authority (LRA), one must bring the following documents which are required for registration of an inherited property:
🔸Deed of Sale (if the property has been sold to a third party)
🔸Deed of Extrajudicial Settlement of Estate
🔸Owner’s Duplicate Copy of Title
🔸BIR CAR/tax clearance certificate
🔸Tax Declaration (Certified Copy)
🔸Realty Tax Clearance
🔸Transfer Tax Receipt/Clearance
🔸Affidavit of Publication of Settlement

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Here are a few more things worth nothing:

🔹If one of the heirs is deceased and had children, they have the right to inherit the property.
🔹Should one of the heirs do not cooperate, inform the court. Call the attention of those who do not cooperate and allow the court to decide on how the property will be distributed or disposed of, according to the law.
🔹If the estate tax remains to be unpaid in 10 years, there is a service charge of 25% of the tax amount, plus an additional 20% interest every year. If you don’t pay it immediately, the total charges and interest will accumulate until such time that the amount becomes more than the current market value of the property.

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Hopefully, this guide will help you lift some of the weight from grieving the death of a parent and help you keep their memory alive for many years to come.

CTTO: Pinoy Bahay Ideas

03/07/2022

BEACH Residential Lot
CORAL RESORT ESTATE INITAO MISAMIS ORIENTAL

PHASE 3

Start at P12, 765 monthly Equity for 24 months
▶️ Residential Lot Only
▶️Open for Financing
📍 Lot Area : 18O Sqm

Developed By: A Brown Company Inc
Located at Pagahan Initao, Mis Or.

SAMPLE COMPUTATION
👉 Contract Price : 4, 063,500
👉 Reservation fee : 1OO,OOO
👉 Less Reservation fee : 100,000
👉 Monthly Equity : P12,765 for 24months
👉 9O% Loanable (Financing)- Estimated P25,948 for 20 yrs

For Site Tripping Schedule and Reservation assistance please pm us directly or call 09069176102

22/03/2022

Coral Resort Estate BEACH LOT- The only Residential Resort located along Initao highway Misamis Oriental!

🏠Best investment for vacation place or rest house or for retirement home.

For more details, site tour and free processing assistance send a direct message or contact 09069176102

💎 Balance can be BANK financed.
💎15-20 mins to Airport
💎Along the 4Lane Highway & Proposed 6 Lane Highway
💎Owned & Developed by A Brown
(owner of Xavier Estates)
💎24/7 Security, Complete Amenities!

Minimum Lot Area of 180sqm
Total Price= 3,780,000
Reservation Fee= 100,000
(deductible to price)
10% Equity= 11,583 Monthly for 24 Months
Loanable amount= 3,402,000
***through Bank Financing after equity!

Send a direct message or direct contact 09069176102

18/02/2022

LAST 2 UNITS FACING THE BAY & GARDEN VIEW! 🏖

🛋 S. DELUXE WITH BALCONY - 38 SQM
for as low as 12,727 per monthly equity.

📍C O R A L B A Y S U I T E S at Coral Estates Resort. Initao, Misamis Oriental

Vacation Madness don’t need to go far, its just an hour drive from Cagayan de Oro and less than hour from Laguindingan Airport.

✔️ RETIREMENT HOME
✔️ INVESTMENT
✔️ VACATION HOME

Giving you more than 15 Amenities to enjoy while staying at Coral Bay Suites.

🤳Contact us now at 09069176102 or DM ME DIRECTLY FOR MORE DETAILS AND SITE VIEWING!