1/2 c. sugar
3 medium eggs
14-oz. can sweetened condensed milk
12-oz. can evaporated milk
4 oz. cream cheese, at room temperature
1 1/2 t. vanilla extract
Preheat oven to 350 F.
Over medium-low heat, cook sugar, stirring, until it melts and and turns golden brown.
Pour sugar into a 9-inch round baking pan.
Put eggs, condensed milk, evaporated milk, cream cheese, and vanilla into a blender, and blend at high speed until smooth.
Put the baking pan with the sugar into a larger pan.
Pour the flan mixture over the sugared pan.
Add water to the larger pan.
Cook for 40 - 60 minutes, checking at 35 minutes, until a knife or toothpick comes out clean.
Let cool, then refrigerate overnight.
When ready to serve, flip upside down.