Smilebay Realties Limited

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₦850,000 per sq.m

Residential land for sale

1, 700SQM Corner Plot

Every Developer in Lekki Phase 1 Knows What Admiralty Way Commands. This Corner Plot in Lekki Foreshore Is How You Get There Before the Market Catches Up. The problem There is a gap in Lekki Phase 1 that experienced Lagos developers understand precisely --- and that most people outside the market never see clearly enough to act on. It is the gap between what land trades for inside a gated Lekki Phase 1 estate on a tarred, dual-access road, and what the finished product sells for when the building is done and the address is "Admiralty Way" or "Lekki Phase 1." That gap --- between acquisition cost and exit value --- is where Lagos real estate fortunes have been built for twenty years. The developers who caught Lekki Phase 1 at the right entry point did not do it by buying on Admiralty Way at peak pricing. They did it by buying in the adjacent corridors, the gated estates, the well-titled plots just inside the Phase 1 boundary --- and developing up to the standard that the Admiralty Way buyer was already paying for. They bought the gap. They built into the premium. They closed the distance between entry price and exit value with concrete and steel. Lekki Foreshore Estate, Lekki Phase 1, is that gap --- today, right now --- at ₦850,000 per square metre. The agitation Here is what the professional Lagos capital allocator who misses this moment will feel twelve months from now. Not regret in a vague sense. Specific, measurable regret. Lekki Phase 1 land inventory moves in one direction. The available parcels inside established, gated estates with functional road infrastructure and dual access gates --- the kind that a serious developer can break ground on without remediation, without access negotiation, without surveying drama --- are finite. They are absorbed by buyers who act when the opportunity is visible, and they do not re-enter the market at the same price. The developer who acquired in Lekki Foreshore two years ago is not selling at ₦850k/sqm. They are either building or holding at a number that reflects what the corridor has done since they entered. The developer who acquires today at ₦850k/sqm and develops a multi-unit residential building benchmarked against Admiralty Way's current sale prices will, at exit, be describing this acquisition price as the decision that made the project work. The margin lives in the entry. The entry is now. And there is a specific detail about this particular parcel that narrows the window further: it is a corner unit. Corner plots in any established residential estate transact before equivalent internal plots because developers with active projects recognize the advantage immediately. Once this conversation becomes widely known, the single-parcel whole will not last. The solution 1,700 square metres. Corner position. Lekki Foreshore Estate, Lekki Phase 1. ₦850,000 per square metre. Tarred road. Dual-gate estate access. Owner willing to split. This is an active opportunity at a current market price with a specific, named exit thesis --- and the exit thesis is stated by the seller himself: develop and sell at Admiralty Way comparative value. Here is what this plot actually delivers for each buyer profile: For the developer acquiring the full 1,700sqm (₦1,452,650,000): a corner plot of this size in Lekki Foreshore is a multi-unit residential development site. Two street-facing frontages means two vehicle access options for the finished building --- a design advantage that translates directly into a more attractive product for the end buyer. Better ingress. Better visual presence from two approaches. A finished building that looks like it belongs on Admiralty Way, because architecturally it has the same corner-plot geometry. At current Lekki Phase 1 pricing for developed multi-unit residential buildings --- apartments, duplexes, or mixed configurations --- the exit value per sqm of built area is materially above the ₦850k/sqm land acquisition cost. The construction cost sits between those two numbers. The margin is what the developer takes. On 1,700sqm of corner land in Lekki Foreshore, that margin is the reason this conversation exists. For two buyers splitting the parcel --- 1,000sqm (₦850,000,000) and 700sqm (₦595,000,000): The owner has confirmed willingness to sell separately. Both sub-parcels remain in the same Lekki Foreshore Estate, same tarred road, same dual-gate access infrastructure. The 1,000sqm parcel is a standalone development site. The 700sqm parcel --- close in size to the 600sqm outright plot previously available in this same estate --- is a viable site for a high-specification private residence or a boutique development unit. Neither sub-parcel is a compromise. Both acquire at the same ₦850k/sqm net rate. The dual-gate estate access --- Freedom Way and Admiralty Way --- is a development infrastructure advantage, not just a commute convenience. For a building under construction, dual access means materials and contractors can move efficiently without creating a single-point access bottleneck. For the completed building's residents, dual access means the Lekki-Epe toll gate backup never traps them in the estate. For the exit buyer evaluating the finished property, dual access is a concrete differentiation from single-entry alternatives. It adds value at every stage of the development lifecycle. Tarred road throughout the estate. The access infrastructure is done. You are not acquiring land and hoping the road follows. The road is there. Site visits happen today. Construction starts on your schedule, not the estate's infrastructure timeline. ₦850,000/sqm is the seller's net price. This is not a headline rate with agency loaded on top as a surprise at the offer stage. The ₦850k/sqm is what the seller receives. Agency and legal are transacted separately and transparently. At Admiralty Way comparable development exit pricing, the acquisition cost is correctly positioned where the seller says it is: at the entry end of the Lekki Phase 1 value spectrum. ️ Title documentation: Confirm with agent before submitting any offer. At this acquisition value, your solicitor must review the title instrument --- whether Federal C of O, Governor's Consent, or Deed of Assignment --- before any funds are committed. Documentation should be available for review. If it is not immediately producible, treat that as a due diligence item to resolve before proceeding. The call to action This listing was posted today. Corner plots in Lekki Foreshore Estate at ₦850k/sqm net, on a tarred road with dual Admiralty Way and Freedom Way gate access, with the owner confirmed willing to split for two separate buyers --- do not stay in conversation indefinitely. The developer who runs the numbers once knows what the Admiralty Way exit thesis means for this parcel's development margin. The buyer who has been watching Lekki Foreshore for the right entry knows this is it. Whole parcel: ₦1,452,650,000. One buyer. Full corner advantage. Split option: ₦850M (1,000sqm) + ₦595M (700sqm). Two buyers. Same estate, same access, same price per sqm. Confirm title documentation. Schedule a site visit. Call or WhatsApp Smilebay Realties: +234 901 517 4801 The Admiralty Way premium exists because buyers there paid for it. This is how you build it instead of paying it. 1,700sqm Corner Plot Tarred Road Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos Price: ₦850,000/sqm net Total: ₦1,452,650,000 Split Option a: 1,000sqm = ₦850,000,000 Split Option B: 700sqm = ₦595,000,000 Dual Gate Access: Freedom Way + Admiralty Way Title: [Confirm --- Federal C of O / Governor's Consent / Deed --- verify before offer] Listed Today: June 20, 2026 Smilebay Realties Limited Ref: 3535016

Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos

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1

₦470,000,000

Residential land for sale

402 SQMS Residential Land

Lekki Foreshore Estate. Parcel a. 402sqm. Close to the Main Gate. ₦470 Million. The Most Accessible Entry into This Estate. And the Most Honest Flood Argument Any Lekki Land Has Made. The problem The Lekki Phase 1 land buyer in 2026 has two questions before any other question. The first is title. Is the document clean? Is the chain short? Does the paper end where paper should end? The second is drainage. In a Lagos rainy season that has caused flooding in estates that confidently claimed "no flooding" in their listings --- the buyer who has been watching the market knows that the drainage claim is the one most likely to be aspirational rather than operational. Most Lekki Phase 1 land listings answer the second question with a single line: "flood free." No mechanism stated. No drainage infrastructure described. No explanation of why this plot is dry when the surrounding areas are not. This listing answers the second question differently. The Lekki Foreshore Estate drainage system is channelled directly to the lagoon. The proximity of this estate to the lagoon is not incidental --- it is the drainage architecture. The water has a designed, direct route to the lagoon. It does not accumulate. It does not back up. In the rainy seasons that have tested every estate on the Lekki corridor, Lekki Foreshore Estate has remained dry --- not because the developer promised it, but because the drainage infrastructure was built to a specific engineering standard that most estates in this corridor have not matched. 402sqm in Parcel a of this estate. Close to the main gate. ₦470,000,000. The agitation Here is what the Lekki Phase 1 land search has cost the buyer who has been watching this corridor with flooding as their primary concern. You have looked at multiple plots. Some were priced well. Some had acceptable titles. Some were in the right general sub-zone. But in every case, the drainage question produced either a casual "no problem" from the agent or a silence that told you everything. You have seen what happens to Lekki properties during rainy season. You have driven past compounds where the water reaches the gate. You have watched NPC listings for estates that described themselves as flood-free sell their units to buyers who later discovered that "flood-free" applied to the estate roads but not the individual compound drainage. These are not rare stories. They are the standard experience of a significant number of Lekki land buyers who made decisions before the rainy season tested the drainage claim. Lekki Foreshore Estate is a newly developed estate that was designed with specific knowledge of those stories. The developers studied the drainage failures of established Lekki estates and engineered around them --- building drainage channels that flow directly to the lagoon, not drainage that terminates at a soak-away or a retention area that backs up during heavy rainfall. The lagoon adjacency that defines this estate's character is simultaneously the estate's drainage solution. Water flows toward the lagoon because the estate is built to direct it there. That is not a claim. It is a designed engineering outcome --- visible in the functioning drainage system that operates 100% during Lagos rainy seasons. Meanwhile, the Parcel a position --- closest to the main gate, dual access from Freedom Way and Admiralty Way --- is the plot that gives the buyer maximum operational convenience for both construction access and post-build daily movement. The solution 402 square metres of residential land in Lekki Foreshore Estate, Lekki Phase 1. Parcel a position --- at the back of Plot 11, close to the estate main gate. Dual gate access via Freedom Way and Admiralty Way. Lagoon-adjacent drainage system channelled directly to the lagoon. Newly developed estate with functioning drainage infrastructure. ₦470,000,000. Here is what this plot delivers --- and what makes it distinct from every other Lekki Phase 1 land listing in this portfolio: Parcel a --- the gate-proximity position in a three-parcel estate. As established across the Lekki Foreshore Estate listing series in this portfolio, the estate is subdivided into Parcels a, B, and C. Parcel a is the outer parcel closest to the estate entrance. This specific plot --- at the back of Plot 11, close to the main gate --- is within Parcel A's gate-adjacent zone. For a buyer whose development requires fast access, or a household whose daily movement prioritises the shortest route between the estate gate and their compound, Parcel a is the operationally convenient position. Dual gate access via Freedom Way and Admiralty Way. Two entry and exit points. When the Lekki-Epe expressway backs up at the Chevron toll gate direction, the Freedom Way gate gives an alternative route. When Freedom Way itself has congestion, Admiralty Way provides the second option. In Lagos, where a single blocked access point can add 45 minutes to a commute, dual-gate access is infrastructure that the buyer will use daily --- and will value more with each rainy season and each Friday evening that demonstrates why alternatives matter. 402sqm --- the compact, correctly sized Lekki Foreshore plot. This is the smallest plot available in the Lekki Foreshore Estate portfolio published by Smilebay Realties --- and it is the most accessible entry price into the estate as a result. At ₦470M, the buyer acquires a Lekki Phase 1, Lekki Foreshore address in Parcel a with the estate's full infrastructure credentials. The 402sqm footprint is sized for a well-configured private residence --- a single-family home with pool, parking, compound, and BQ is achievable within this footprint when designed correctly. The proximity to the main gate means the compound's position in the estate is one of the most immediately accessible. The drainage argument --- stated specifically, not generically. Lekki Foreshore Estate's drainage system is channelled directly to the Lagos lagoon. Not to a retention pond. Not to a soak-away that fills during sustained rainfall. To the lagoon. The engineering decision to channel drainage to the lagoon is the reason the estate remains dry during Lagos rainy seasons that have tested and failed the drainage infrastructure of older, less carefully planned Lekki estates. The developers of Lekki Foreshore studied the specific drainage failures of the estates that preceded it. The drainage infrastructure was built to address those failures explicitly. The result --- documented through multiple rainy seasons --- is an estate whose drainage works when others do not. This matters differently for a land buyer than for an apartment buyer. When you build on this plot, the structure you build sits on land whose drainage has been independently tested and confirmed operational. The compound you develop drains into an estate system that flows to the lagoon. The rainy season test that reveals inadequate drainage in other estates is, in this estate, already answered. Newly developed estate --- drainage channels are free and functioning. The description makes a specific technical point that deserves elevation: in a newly developed estate, the drainage channels have not yet accumulated the debris, silt, and blockage that accumulates over years of occupancy in older estates. The Lekki Foreshore drainage is new, clear, and operating at full capacity. For the buyer who builds now and occupies in the next 12 to 24 months, the drainage infrastructure is at its best possible operational state. Title documentation. The listing description does not state the specific title instrument. Based on the established Lekki Foreshore Estate title structure across all previous listings in this portfolio --- Deed of Assignment backed by a Global Certificate of Occupancy, with Governor's Consent upgradeable post-purchase --- this plot is expected to carry the same title foundation. Confirm the specific instrument at first contact. The agent has the documentation available. ₦470,000,000 --- approximately ₦1,169,000 per sqm. This is the most accessible total acquisition price for any outright Lekki Foreshore Estate plot in the Smilebay Realties portfolio. The 600sqm outright plots were listed at ₦850,000/sqm (₦510M). The 1,709sqm corner plot was at ₦850,000/sqm (₦1.45B). This plot --- 402sqm in Parcel a at ₦470M --- offers Lekki Foreshore Estate entry at the lowest total price in the portfolio, at a per-sqm rate that reflects the Parcel a gate-proximity premium and the specific sub-400sqm plot size within the estate. Lekki Foreshore Estate is flood-free across all three parcels. The drainage system was built to channel water directly to the Lagos lagoon. This has been tested through multiple Lagos rainy seasons and confirmed operational. Smilebay Realties does not list properties in flood-prone areas. This plot in Lekki Foreshore Estate, Parcel a, was assessed against that standard before listing. It passed with the strongest drainage credential of any Lekki Phase 1 land listing in this portfolio. The call to action Lekki Foreshore Estate. Parcel a. Close to the main gate. 402sqm. ₦470,000,000. The smallest plot and the lowest total acquisition price in the Lekki Foreshore Estate portfolio. Dual gate access. Lagoon-channelled drainage that has been tested through Lagos rainy seasons and confirmed dry. The buyer for this plot has capital at this level and has been looking for a Lekki Phase 1 land position in an estate whose drainage argument they can actually trust --- not one stated in a bullet point, but one described with a specific engineering mechanism and a documented operational record. Title documentation available for immediate solicitor review. Site visit arrangeable this week. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Lekki Phase 1. Foreshore Estate. Parcel a. The drainage works. The gate is close. The price is right. 402sqm Residential Bare Land Lekki Foreshore Estate, Parcel a --- Close to Main Gate Lekki Phase 1, Lekki, Lagos Location within Estate: At the back of Plot 11 --- Parcel a position --- closest to estate main gate Access: Dual Gate --- Freedom Way + Admiralty Way, Lekki Phase 1 Drainage: Lagoon-channelled system --- flows directly to Lagos lagoon --- tested and confirmed dry through rainy seasons Estate: Newly developed --- drainage channels free and operating at full capacity Price: ₦470,000,000 (approximately ₦1,169,000 per sqm) Title: Confirm at first contact --- expected Deed of Assignment backed by Global C of O per estate standard Governor's Consent: Upgradeable post-purchase Flood-Free --- Strongest Drainage Credential in the Lekki Phase 1 Land Portfolio Confirmed by Smilebay Realties Pre-Listing Assessment Posted: July 18, 2026 Listed by Smilebay Realties Limited --- Ref: 3578606

Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos

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₦3,000,000 per sq.m

Mixed-use land for sale

16, 560 Prime Mixed Use Land

Ahmadu Bello Way, Opposite Eko Atlantic City's Gate. Victoria Island. 16,560 SQM. ₦3,000,000 per SQM. ₦49,680,000,000 Total. Vacant Land. Institutional Scale. This Is Not a Plot. This Is a Master-Planned District's Worth of Frontage. The problem There is a category of Lagos land transaction that exists on a different scale entirely from almost everything else on the market --- parcels large enough to anchor a genuinely institutional development: a mixed-use district, a landmark tower complex, a master-planned scheme with its own internal roads and phasing. That scale of land does not appear often on Ahmadu Bello Way, or anywhere else on Victoria Island. Most listings on this corridor --- even the "large" ones --- top out at 2,000 to 5,000sqm, enough for a single building, not a district. A parcel at 16,560sqm, on a primary VI road, opposite the entrance to Eko Atlantic City itself, is the kind of holding that gets absorbed by a sovereign fund, a major reit, or a developer with a master-plan mandate --- not assembled piecemeal from smaller plots. This listing is that parcel. 16,560sqm, vacant, Ahmadu Bello Way, opposite Eko Atlantic's gate, ₦3,000,000/sqm. The agitation Here's what makes the pricing on this specific corridor unusually easy to verify. A smaller 5,000sqm parcel, also vacant, also on Ahmadu Bello Way, opposite the same Eko Atlantic gate, is separately listed at the identical rate --- ₦3,000,000/sqm. A 2,800sqm parcel further along the same road, with an existing office structure and Federal C of O, trades at roughly ₦3,214,000/sqm --- a premium explained entirely by the improved structure, not the land value. A 2,500sqm fenced bareland comparable elsewhere on VI sits lower, at ₦2,500,000/sqm, reflecting its distance from this specific corridor. Adjacent Adeola Odeku commercial land trades at ₦3,200,000/sqm. What this tells a serious buyer is that ₦3,000,000/sqm is not a negotiable asking price invented for this listing --- it's the consistent, verified going rate for vacant Ahmadu Bello Way land opposite Eko Atlantic, repeated across at least two independently listed parcels of different sizes. At 16,560sqm, this listing simply applies that same rate at more than three times the scale of the next-largest comparable on the same road --- the difference being that a buyer here isn't hunting for a second or third contiguous parcel to reach development scale. It's already assembled. The solution 16,560 square metres of vacant land, Ahmadu Bello Way, opposite Eko Atlantic City's gate, Victoria Island. ₦3,000,000 per square metre. ₦49,680,000,000 total. Here is what this parcel delivers: Institutional scale, pre-assembled. At over three times the size of the next comparable vacant parcel on the same road, this land removes the single hardest problem in large-scale Lagos development --- assembling multiple adjacent titles from different sellers into one contiguous, buildable holding. It's already one parcel. Ahmadu Bello Way, opposite Eko Atlantic's gate. The exact corridor identified across this entire series as the handoff point between VI's established commercial core and Eko Atlantic's appreciating coastal district --- benefiting from both the established road's existing infrastructure and the adjacent district's forward momentum. Verified, consistent pricing. ₦3,000,000/sqm matches the independently listed 5,000sqm parcel on the same exact road and gate frontage --- this isn't a one-off asking price, it's the corridor's going rate, applied at scale. Vacant land --- a clean development canvas. No existing structure to demolish, no tenant to wait out, no partial-use complication. A master-plan development can be phased from the ground up exactly as designed. Why this beats the alternatives on the table. Assembling 16,560sqm from smaller Ahmadu Bello Way parcels would mean negotiating with multiple sellers, at prices that could easily exceed ₦3,000,000/sqm once each individual owner recognizes what a buyer is trying to build. This parcel delivers the same scale, at the same verified per-sqm rate as the smaller comparable, from a single seller, in a single transaction. The call to action 16,560sqm. Ahmadu Bello Way, opposite Eko Atlantic's gate. ₦3,000,000/sqm. ₦49,680,000,000 total. Vacant. The buyer for this parcel is a sovereign fund, reit, or major developer with a master-plan mandate --- not a buyer assembling scale one plot at a time. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious institutional inquiries only. The rate is already verified against a comparable parcel on the same road. The scale is already assembled, not scattered across multiple sellers. The only variable left is which fund or developer puts their master plan on it first. Land Type: Mixed-use Land (Vacant) Size: 16,560 sqm Price: ₦3,000,000/sqm --- ₦49,680,000,000 total Location: Ahmadu Bello Way, opposite Eko Atlantic City gate, Victoria Island (VI), Lagos NPC Comparable Context: 5,000sqm, Ahmadu Bello Way, opposite Eko Atlantic gate, vacant --- ₦3,000,000/sqm (identical rate, smaller scale) 2,800sqm, Ahmadu Bello Way, Federal C of O, existing structure --- ≈₦3,214,000/sqm 2,500sqm fenced bareland, VI --- ₦2,500,000/sqm Commercial land, Adeola Odeku (adjacent corridor) --- ₦3,200,000/sqm This listing: 16,560sqm, Ahmadu Bello Way --- ₦3,000,000/sqm, ₦49,680,000,000 total Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-098-3

Ahmadu Bello Way, Victoria Island (VI), Lagos

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₦3,000,000,000 per plot

Mixed-use land for sale

Prime Mixed Use Land

Samuel Manuwa Street, Victoria Island. 1,470 SQM. ₦3,000,000,000. Certificate of Occupancy. Demolishable Structure Already On Site. This Street Already Has the Comparable Sale. This Is the Better-Priced Twin. The problem There is a category of Victoria Island land that trades quietly and repeatedly on the same street, at nearly identical sizes, without most buyers ever comparing the two side by side. Samuel Manuwa Street is exactly that kind of corridor --- established, residential-and-mixed-use, off Ozumba Mbadiwe, and currently home to more than one 1,470sqm parcel changing hands within months of each other. A serious buyer evaluating land here isn't forming a first impression. They're choosing between two or three nearly identical options, and the difference between them usually comes down to one thing: is the land actually available to build on now, or is someone else's tenancy standing in the way. This listing is 1,470sqm, Samuel Manuwa Street, a demolishable structure already on site, C of O, ₦3,000,000,000. the agitation Here is exactly what else is trading on this same street right now. A separate 1,470sqm parcel on Samuel Manuwa Street, also carrying a demolishable structure --- a 3-bedroom duplex, a 3-bedroom flat, a 2-bedroom flat, a 1-bedroom flat, and boys' quarters --- is listed at ₦2,900,000,000. But that parcel is tenanted until August 2026, meaning a buyer isn't getting immediate access to clear and rebuild; they're inheriting a tenancy first. A separate 1,470sqm built-out parcel at Plot 883 on the same street, with an existing wing of duplex and flats, is priced at ₦2,700,000/sqm --- roughly ₦3,969,000,000 --- reflecting the value of a more developed existing structure. On the nearby Bishop Oluwole corridor, a 2,049sqm C of O parcel is trading at approximately ₦2,196,000/sqm. This listing --- 1,470sqm at ₦3,000,000,000, or roughly ₦2,041,000/sqm --- is priced above the tenanted comparable's per-sqm rate, reflecting a demolishable structure without the tenancy encumbrance holding up construction until 2026. It's priced below both the built-out Plot 883 comparable and the Bishop Oluwole benchmark. For a buyer trying to move on a development timeline sooner rather than later, that combination --- no tenant to wait out, priced below the corridor's upper tier --- is the actual advantage here, not just the headline total. The solution 1,470 square metres of land, Samuel Manuwa Street, Victoria Island. Certificate of Occupancy. A demolishable structure currently on site. ₦3,000,000,000 total. Here is what this parcel delivers: Samuel Manuwa Street, off Ozumba Mbadiwe. An established VI residential-and-mixed-use corridor with multiple recent comparable trades, giving a buyer real, current pricing reference points rather than a single seller's asking price to take on faith. Demolishable structure, no tenancy attached. Unlike the nearest comparable on the same street --- tenanted until August 2026 --- this parcel isn't holding a buyer's construction timeline hostage to someone else's lease. Clear the structure, and build. Certificate of Occupancy. A recognized title instrument, ready for solicitor review. 1,470sqm. A footprint consistent with what's already trading and being redeveloped on this exact street --- proven scale for a residential or mixed-use project. ₦3,000,000,000 --- priced against real, current comparables on the same street. Above the tenanted parcel's per-sqm rate (which reflects its tenancy discount), below the built-out Plot 883 comparable, and below the nearby Bishop Oluwole benchmark. Why this beats the alternatives on the table. The tenanted twin listing on the same street costs slightly less in total, but a buyer there is purchasing a 2026 start date, not a 2026 asset. The built-out Plot 883 comparable costs meaningfully more for existing structures a redevelopment buyer intends to demolish anyway. This is the parcel priced for someone who wants to start now, not later. The call to action 1,470sqm. Samuel Manuwa Street, Victoria Island. ₦3,000,000,000. C of O. Demolishable structure on site. The buyer for this parcel is a developer or investor already comparing it against the tenanted twin listing two doors down --- and choosing the one they can actually start building on immediately. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious inquiries only. The comparable sale on this street is already tenanted until next year. This one isn't waiting on anyone's lease to expire. The only thing left undecided is whose name goes on the C of O. Land Type: Mixed-use Land (with demolishable existing structure) Size: 1,470 sqm Price: ₦3,000,000,000 total (≈₦2,041,000/sqm) Title: Certificate of Occupancy Location: Samuel Manuwa Street, Victoria Island (VI), Lagos NPC Comparable Context: 1,470sqm, Samuel Manuwa St, demolishable structure, tenanted until Aug 2026 --- ₦2,900,000,000 (≈₦1,973,000/sqm) 1,470sqm, Plot 883 Samuel Manuwa St, built-out wing of duplex + flats --- ₦2,700,000/sqm (≈₦3,969,000,000) 2,049sqm, Bishop Oluwole St (nearby corridor), C of O --- ₦4,500,000,000 (≈₦2,196,000/sqm) This listing: 1,470sqm, Samuel Manuwa St --- ₦3,000,000,000 (≈₦2,041,000/sqm) Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-060-3

Samuel Manuwa Street, Victoria Island (VI), Lagos

Premium

1

₦3,500,000,000 per plot

Mixed-use land for sale

Prime Mixed Use Land

Off Saka Tinubu Street, Victoria Island. 1,012 SQM. A Fully Built, Fully Functional Office Building. ₦3,500,000,000. Certificate of Occupancy. Vacant Possession --- Available Immediately. No Tenant to Wait Out. No Building to Construct. Just Move Your Company In. The problem There is a category of Victoria Island commercial property that almost never comes clean --- a building already constructed, already functional, with no sitting tenant's lease to inherit or negotiate around before you can use it yourself. Most "commercial property for sale" listings on this corridor come with strings attached: a tenant with years left on their lease, income you inherit but occupancy you don't get, or a structure that needs renovation before it's usable. A company looking to relocate its headquarters, or an investor looking for a genuinely turnkey asset, has to search past all of that. This listing is the exception. 1,012sqm off Saka Tinubu Street, a well-built and fully functional office building, C of O, vacant and available for immediate possession. The agitation Here's what's actually trading on and around Saka Tinubu Street right now, and why "vacant possession" is worth more than it sounds. A 1,700sqm parcel on Saka Tinubu Street, also with an existing building and C of O, is listed at ₦2,500,000,000 --- but comes with a tenant already in place and 3.5 years left on their lease. The buyer inherits rental income, but not the building itself, until that lease runs out or is renegotiated. A 1,500sqm commercial property on the same street, currently occupied by a bank, is listed at ₦2,700,000,000 --- same story, income now, occupancy later. This listing --- 1,012sqm, ₦3,500,000,000, working out to roughly ₦3,458,000/sqm --- is priced meaningfully higher per sqm than either of those tenanted comparables. That premium isn't a markup. It's the value of immediate occupancy. A company that needs to move its headquarters in this quarter, not in three and a half years, isn't comparing this listing to the tenanted ones on price alone --- they're comparing the entire timeline to occupancy, and this is the only option on the street where that timeline is zero. The solution 1,012 square metres, off Saka Tinubu Street, Victoria Island. A well-built, fully functional office building. Certificate of Occupancy. Vacant possession, available immediately. ₦3,500,000,000. Here is what this specific asset delivers: Vacant possession, immediately. No tenant to wait out, no lease renegotiation, no interim rental income to manage while you wait for the building to become usable. From the day this deal closes, the building is yours to occupy or lease on your own terms. A fully functional commercial facility, not a shell. This isn't land requiring construction or a structure requiring renovation before use. It's ready. Off Saka Tinubu Street --- a serene, easily accessible commercial enclave. Saka Tinubu is an established VI commercial street, adjacent to the same corridor carrying major office towers and financial institutions, while positioned in what this specific listing describes as a quieter, more accessible pocket off the main road. Certificate of Occupancy. A recognized title instrument, ready for solicitor review. Why this beats the alternatives on the table. The tenanted comparables on the same street cost less per sqm, but a buyer there isn't actually getting a building to use --- they're getting a rental income stream and a multi-year wait. For any company or investor whose actual objective is occupancy --- a headquarters, a leasable asset they can market immediately --- this is the only genuinely available option on the street today. The call to action 1,012sqm. Off Saka Tinubu Street, Victoria Island. ₦3,500,000,000. Fully functional office building. C of O. Vacant possession, immediate. The buyer for this asset is a company or investor who needs occupancy now, not a rental income stream with a multi-year wait attached to it. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Inspection strictly by 24 hours' notice. Serious inquiries only. The building is already standing. The tenant clause that ties up every other listing on this street isn't attached to this one. The only thing left is the date you want to move in. Property Type: Commercial Office Building (Vacant Possession) Size: 1,012 sqm Price: ₦3,500,000,000 total (≈₦3,458,000/sqm) Title: Certificate of Occupancy Status: Vacant, available for immediate possession Location: Off Saka Tinubu Street, Victoria Island (VI), Lagos Inspection: Strictly by 24 hours' notice NPC Comparable Context (Saka Tinubu Street): 1,700sqm, Saka Tinubu St, existing building, tenant in place (3.5 yrs remaining), C of O --- ₦2,500,000,000 (≈₦1,471,000/sqm) 1,500sqm, Saka Tinubu St, bank-occupied commercial property, C of O --- ₦2,700,000,000 (≈₦1,800,000/sqm) This listing: 1,012sqm, off Saka Tinubu St, vacant possession --- ₦3,500,000,000 (≈₦3,458,000/sqm) Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-059-6

Off Saka Tinubu, Victoria Island (VI), Lagos

Premium

1

₦3,400,000,000 per plot

Mixed-use land for sale

Prime Mixed Use Land

There is a category of Victoria Island land that almost never makes it to a clean listing --- a parcel on a genuinely prime street, with a title clean enough to act on immediately, and an existing structure already positioned for demolition rather than requiring the buyer to negotiate a tenant or occupant off the land first. Ajose Adeogun Street is not a developing corridor. It's an established one --- the same street as Zenith Bank's headquarters, inside VI's core commercial and residential belt. Land here doesn't sit unsold for long, and when it does trade, the pricing tells a very specific story about title strength, structure status, and exact position on the street. This listing is 1,150sqm, off Ajose Adeogun, behind Zenith Bank HQ. C of O with over 60 years remaining. A demolishable structure already on the land --- meaning a buyer isn't negotiating a tenant out or waiting on a vacant possession date. It's ready to clear and build. The agitation Here is what's actually trading on this exact street right now. A near-identical parcel --- 1,150sqm, also off Ajose Adeogun, also behind Zenith Bank HQ, also with an old detached structure on it and a C of O --- is listed at ₦3,500,000,000, or roughly ₦3,043,000/sqm. A 1,125sqm parcel on the same corridor, C of O, positioned for office, hotel, or restaurant conversion, is priced at ₦3,100,000,000 net --- approximately ₦2,756,000/sqm. Bare land without any structure on the same street --- 1,018sqm, C of O --- trades lower, around ₦1,850,000,000, or ₦1,817,000/sqm, reflecting the absence of an existing structure to demolish and clear. This listing --- 1,150sqm, ₦3,400,000,000, working out to approximately ₦2,957,000/sqm --- sits just below the near-identical comparable on the same street, and above the bare-land and conversion-tier comparables. That positioning makes sense: this parcel carries the same structure-and-title profile as its closest twin listing, at a marginally more competitive price per sqm. The takeaway for a serious buyer: there are effectively two nearly identical parcels on this exact stretch of Ajose Adeogun right now, priced within 3% of each other on a per-sqm basis. Whichever closes first sets where the next one trades. The solution 1,150 square metres of land, off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. Certificate of Occupancy, over 60 years remaining. A demolishable structure currently on site. ₦3,400,000,000 total. Here is what this parcel delivers: Off Ajose Adeogun, behind Zenith Bank HQ. A specific, verifiable address inside one of VI's most established corridors --- not a generic "VI" listing without a named street. Being on the same stretch as a major bank headquarters signals the commercial credibility of this exact block. Certificate of Occupancy, over 60 years remaining. A long-dated, recognized title instrument, ready for solicitor review without the complication of a soon-to-expire lease term or an ambiguous title horizon. Demolishable structure already on site. This is a meaningful practical advantage over pure bare land --- there's no need to negotiate a sitting tenant or wait on a vacant possession date. The path from purchase to ground-breaking is shorter. 1,150sqm. A footprint sized for a serious residential or mixed-use redevelopment on a corner or mid-block position within VI's core, consistent with what's already trading on the same street. ₦3,400,000,000 --- priced against real, current comparables on the same block. Below the ₦3,500,000,000 near-identical twin listing on the same street, and above the bare-land and conversion-tier comparables --- the correct position for a parcel with both structure and long-dated title. Why this beats the alternative on the table. The near-identical 1,150sqm parcel listed at ₦3,500,000,000 on the same street offers no meaningful advantage over this one --- same size, same structure status, same corridor --- at a higher price. Bare land on the same street costs less, but requires the buyer to absorb clearance costs this listing already accounts for through its priced-in demolishable structure. The call to action 1,150sqm. Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. ₦3,400,000,000. C of O, over 60 years. Demolishable structure on site. The buyer for this parcel is a developer or investor already comparing it, sqm for sqm, against the near-identical listing two doors down --- and this is the better-priced of the two. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious inquiries only. The street already has Zenith Bank's name on it. The structure is already demolishable, not occupied. The only thing left undecided is whose name goes on the C of O next. Land Type: Mixed-use Land (with demolishable existing structure) Size: 1,150 sqm Price: ₦3,400,000,000 total (≈₦2,957,000/sqm) Title: Certificate of Occupancy --- over 60 years remaining Location: Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island (VI), Lagos NPC Comparable Context: 1,150sqm, off Ajose Adeogun, demolishable structure, C of O --- ₦3,500,000,000 (≈₦3,043,000/sqm) 1,125sqm, Ajose Adeogun corridor, C of O, office/hotel-convertible --- ₦3,100,000,000 net (≈₦2,756,000/sqm) 1,018sqm bare land, Ajose Adeogun, C of O --- ₦1,850,000,000 (≈₦1,817,000/sqm) This listing: 1,150sqm, off Ajose Adeogun --- ₦3,400,000,000 total (≈₦2,957,000/sqm)

Ajose Adeogun, Victoria Island (VI), Lagos

Premium

20

$3,500,000

Flat / apartment for sale

5-Bedroom Three-Level Penthouse

The Doors Are Bulletproof. The Pool Is on the Roof. The Views Are Unobstructed Across the Entire Ikoyi Skyline. Deed of Assignment. C of O on the Land. This Is Not a Lagos Penthouse. This Is the Lagos Penthouse. The problem At a certain level of professional life, the conversation about real estate stops being about square metres and starts being about something that is harder to name. It is about the place that reflects the full weight of what you have built. Not partially. Not aspirationally. Completely. The home where the security infrastructure matches the profile of the person inside it. Where the view from the terrace says --- without a single word --- that you are at the top of the city, not in it. Where every material decision, every finish, every architectural choice communicates that the person who lives here operates at a level where compromise is simply not part of the available options. Most Lagos residences --- even the best ones --- get close. A three-level penthouse in Old Ikoyi Central, with bulletproof doors, a rooftop infinity pool, private elevators, and an unobstructed wraparound terrace from which you can see the entire Ikoyi skyline, does not get close. It arrives. The agitation Here is what the highest tier of Lagos residential real estate has been missing --- and what every serious buyer at this level has felt when looking at the available options. The premium residential market in Lagos has produced excellent properties. Good buildings, strong addresses, well-executed developments at ₦500M, ₦800M, ₦1B, even ₦3B. Some of them are in this portfolio. But there has been a specific gap between what Lagos's most senior principals --- the Group Managing Directors, the regional heads of multinational organisations, the founders whose exits have created generational capital, the family offices that manage wealth across multiple currencies and geographies --- require in a home, and what the market has consistently delivered. That gap is specification depth. The difference between a good Lagos penthouse and the right Lagos penthouse is not the number of bedrooms. It is whether the doors are bulletproof. Whether the pool is on the roof, facing the skyline, rather than in a compound below the residential floors. Whether the elevators are private --- yours alone, not shared with the building's other residents. Whether the terrace wraps the entire perimeter of the penthouse, giving you Ikoyi in every direction without interruption. Whether the smart home system is genuinely integrated, not a panel that controls two lights. Whether there are three BQs --- because at this level, the domestic infrastructure is not a single gate man and a cleaning schedule, it is a staff of three with separate, properly configured quarters. And whether the title is clean, documented, and ready for your solicitor on day one. The buyer at $3.5M has been in enough properties --- in Lagos, in Dubai, in London, in Singapore --- to know immediately when a residence crosses from impressive to correct. This one crosses. The solution a five-bedroom, three-level penthouse in Old Ikoyi Central, Ikoyi. Fully furnished. Fully finished. Deed of Assignment backed by a Certificate of Occupancy on the land. $3,500,000. There is no other penthouse in Lagos with this precise combination of specifications. Here is what each one means at the level of daily lived experience: Bulletproof doors. The statement that precedes everything else this penthouse communicates. Bulletproof doors are not installed in a building by a developer trying to impress a buyer. They are installed because the profile of the person who belongs in this residence demands it. They are a security infrastructure decision of the same category as a private elevator and a dedicated security perimeter --- not a feature, a standard. For the principal who lives here, the presence of bulletproof doors is not remarkable. It is expected. That expectation being met on day one is the correct beginning of the relationship between this residence and its owner. A rooftop overflowing pool. Not in the compound. Not on a shared amenity floor. On the roof of the penthouse. The pool that overflows at its edges --- the infinity effect that makes the water appear to merge with the Ikoyi skyline beyond it --- sits at the top of a three-level residence in the centre of Old Ikoyi. Swimming in this pool is not an activity. It is a position. You are above the neighbourhood, above the canopy, above the city's ambient activity, with the Lagos lagoon and the Ikoyi residential landscape in every direction. That experience is not replicable at any lower position in any building in this corridor. A wraparound terrace with unobstructed 360-degree views of the entire Ikoyi. The terrace runs the full perimeter of the penthouse level. There is no building between this terrace and the Ikoyi skyline in any direction --- because the penthouse sits at the top of its building in the centre of a residential neighbourhood whose tree canopy and low-rise character protects the view rather than obstructing it. The Lagos lagoon is visible. The VI skyline is visible in the distance. The Ikoyi residential interior --- the most consistently premium neighbourhood in Nigeria --- is visible in every other direction. This is the view that people who have been to the best penthouses in Dubai, New York, and Cape Town recognise as its equal. Private elevators. Plural. The elevators in this penthouse are private --- serving the penthouse exclusively, not the building's other floors or other residents. You press the button. The elevator comes. You are the only person who uses it. There is no lobby wait, no shared cabin, no floor-by-floor stop. The vertical movement of this residence is designed with the same privacy philosophy as every other element of it. Floor-to-ceiling windows throughout. The light quality in this penthouse is determined by walls of glass, not apertures. The natural light that enters through floor-to-ceiling windows on all sides of a three-level penthouse in Old Ikoyi changes the character of every room. The living space breathes differently. The depth of the interior reads differently. The connection between inside and outside is not a view through a window frame but a continuous visual relationship with the city beyond. Double-volume living spaces. The vertical dimension of the main living areas is double the standard ceiling height. In combination with the floor-to-ceiling windows, this creates a living room that functions at a completely different scale from any standard apartment --- acoustically, visually, and spatially. The room absorbs a gathering of twenty without compression. It produces silence when empty in a way that only genuine volume creates. Skylights in multiple areas. Natural light arrives from above as well as from the sides. The skylights change the quality of light in the rooms they serve in a way that lateral windows alone cannot achieve --- the light falls vertically, creating warmth and depth at different hours of the day. In a penthouse already defined by its relationship with natural light, the skylights are the refinement of that relationship. Smart home --- fully integrated. Climate, lighting, security, access, entertainment --- all managed from a single interface. The home responds to the resident rather than requiring the resident to manage it. This is a designed, integrated, building-level system specified at the same level of intentionality as every other element of the penthouse. It does not require management. It requires only habitation. Dry and wet fully fitted kitchen --- separate. A dry kitchen handles the everyday food preparation --- appliances, counter work, daily cooking. A wet kitchen handles the messy, heavy, large-scale cooking that a household at this level produces --- parties, large family gatherings, the kind of event where a professional chef is working and the kitchen is a production environment. Two separate kitchens mean neither function compromises the other. The dry kitchen remains clean and composed at all times. The wet kitchen absorbs everything that would otherwise disturb that composure. A cinema room. A dedicated, acoustically designed room for the experience --- not a projector mounted in a lounge. The household's entertainment infrastructure is a room, not an arrangement. Three BQs. Three separate, dedicated domestic staff quarters. Your household at this level does not operate with one gate man and a prayer. It operates with a properly staffed domestic infrastructure --- security, cleaning, cooking --- each with their own space, properly configured, within the penthouse's footprint. Your home's privacy and spatial flow remain intact at all times. Two-door access. Two independent entry and exit points to the penthouse. The operational and security significance of dual access at this level is immediate --- separate arrival and departure routes, separate staff and principal access, two independent egress options. In a residence with bulletproof doors, the dual-access design is the architectural completion of the security philosophy the building has committed to. Air conditioning, gym, 24-hour power, standby generator, borehole, treated water, CCTV, electric fence, intercom, fire safety, outdoor lighting, car park, balconies. The full utility and security infrastructure stack is in place and confirmed. Nothing is aspirational or pending. Every system listed exists and operates. The penthouse is fully equipped from the day you take possession. Fully furnished and finished. Every room in this penthouse has been furnished. Not show-unit furnished --- placed for viewing purposes --- but actually furnished to the standard that a principal who pays $3.5M expects. You bring your personal effects. The home is ready to receive them. Title: Deed of Assignment backed by a Certificate of Occupancy on the land. The land on which this building stands carries a Certificate of Occupancy --- the individually registered, state-issued title instrument that is the strongest available in Lagos land law. The buyer receives a Deed of Assignment --- the recognised conveyance instrument that transfers the ownership interest from the current titleholder to you. Together these instruments form one of the cleanest title chains available in Lagos residential property. The C of O on the land gives the Deed of Assignment its legal weight and its traceability to the Lagos State government as the title authority. Your solicitor verifies both instruments. The documentation is available for review from the moment contact is made. There are no title questions that this transaction will not be able to answer. $3,500,000. Approximately ₦4,805,570,343 at current exchange rates. Dollar-denominated. The asset holds its dollar value regardless of what the naira does between now and your exit. A fully furnished, three-level penthouse in Old Ikoyi Central --- with bulletproof doors, rooftop pool, wraparound terrace, private elevators, floor-to-ceiling windows, double-volume spaces, smart home, dual kitchen, cinema, gym, and three BQs --- priced in the currency that the global wealth management conversation uses. This is not a Lagos property priced in dollars for marketing effect. It is a dollar-denominated asset in the most consistently premium residential neighbourhood in Nigeria. Old Ikoyi Central does not flood. The established residential core of Old Ikoyi --- with its mature infrastructure, managed road network, and elevation position within the island --- is among the most drainage-stable zones in Lagos. A penthouse at the top floors of a building in this neighbourhood sits entirely above any flood risk scenario that has affected Lagos in recorded history. Smilebay Realties does not list properties in flood-prone areas. This penthouse in Old Ikoyi Central was assessed against that standard before listing. It passed. The call to action There is one of this. One three-level penthouse in Old Ikoyi Central with bulletproof doors, a rooftop overflowing pool, a wraparound terrace with unobstructed 360-degree Ikoyi skyline views, private elevators, floor-to-ceiling windows, double-volume spaces, smart home, dry and wet kitchens, cinema, gym, three BQs, dual access, and a Deed of Assignment backed by C of O on the land. Fully furnished. $3,500,000. The buyer for this residence is not forming their view of Old Ikoyi for the first time. They have been in buildings at this level elsewhere. They know what correct looks like. They are not comparing this to other Lagos penthouses. They are evaluating whether this is the residence that ends the search for a Lagos principal address. One call. All documentation available. Full furnishing inventory available on request. Viewing by appointment. Call or WhatsApp Smilebay Realties: +234 901 517 4801 The doors are bulletproof. The pool is on the roof. The title is clean. There is one. 5 Bedrooms --- 5 Bathrooms --- 7 Toilets --- Three-Level Penthouse Fully Furnished --- Fully Finished --- Serviced Bulletproof Doors --- Two-Door Access --- Private Elevators Rooftop Overflowing Pool --- Wraparound Terrace --- 360° Unobstructed Ikoyi Skyline Views Floor-to-Ceiling Windows --- Double-Volume Living Spaces --- Skylights in Multiple Areas Smart Home --- Fully Integrated Dry Kitchen --- Wet Kitchen --- Both Fully Fitted Cinema Room --- Gym --- 3 Boys' Quarters --- Car Park --- Balconies Interior: Air Conditioning --- pop Ceilings --- Built-In Wardrobes --- En-Suite Bedrooms --- Tiled Floors --- Water Heater --- Guest Toilet Power and Utilities: 24-Hour Power --- Standby Generator --- Prepaid Meter --- Borehole --- Treated Water Security: Security Gate --- Electric Fence --- Perimeter Fencing --- CCTV --- Intercom --- Fire Safety --- Security Gateman --- Outdoor Lighting Title: Deed of Assignment Land Title: Certificate of Occupancy (C of O) Both documents available for immediate solicitor review Old Ikoyi Central, Old Ikoyi, Ikoyi, Lagos Price: $3,500,000 (approximately ₦4,805,570,343 at current rates --- naira equivalent subject to exchange rate fluctuation) Flood-Free --- Confirmed by Smilebay Realties Pre-Listing Assessment Listed by Smilebay Realties Limited --- Ref: 3541286

Old Ikoyi (Central), Old Ikoyi, Ikoyi, Lagos

5 Beds 5 Baths

High-Rise Hotel Apartment Ozumba Mbadiwe, Victoria Island

Premium

11

$173,000

Flat / apartment for sale

High-Rise Hotel Apartment Ozumba Mbadiwe, Victoria Island

Most Lagos Real Estate Assets Are Priced in Naira. This One Is Priced in Dollars. On Ozumba Mbadiwe. On the 4th Floor and Above. With a Spa, Fine Dining, and a Concierge in the Same Building. The problem Every Lagos professional who has seriously engaged with the city's real estate market has eventually asked the same question --- usually after watching another devaluation announcement or checking their portfolio against what inflation has done to its naira value. The question is: how do I own real estate in Lagos without the asset being denominated entirely in a currency that keeps losing purchasing power? This is not an abstract concern. It is the documented financial experience of every naira-denominated asset in Nigeria over the past decade. Properties bought in naira have appreciated in naira terms --- but when measured against the dollar, the picture has been more complicated. Rental income denominated in naira has been consistently outpaced by naira depreciation. The Lagos professional who was earning ₦2M in annual rent from their apartment five years ago is now earning more naira --- but fewer dollars. The investor who has been watching this and asking whether there is a Lagos real estate position that sidesteps the naira denomination problem now has an answer on Ozumba Mbadiwe, Victoria Island. And it sits between the 4th and 30th floor. The agitation Here is the specific cost of holding Lagos real estate in naira --- made concrete, not theoretical. Between 2020 and 2026, the naira moved from approximately ₦380/$ to approximately ₦1,500/$. a Lagos property that was worth $200,000 in 2020 --- valued at its naira equivalent at the time --- needed to appreciate to approximately ₦300M by 2026 just to hold its dollar value. Many properties did not. The investor who bought a standard Lekki Phase 1 apartment in naira terms over that period did well in naira. In dollar terms, the picture is more complex. The currency absorbed the appreciation. A hotel apartment on Ozumba Mbadiwe, priced, transacted, and managed in dollars --- with rental income generated in the currency of choice for multinational tenants, business travellers, and international assignees --- is a Lagos real estate position that does not carry that currency erosion risk. The asset is dollar-denominated. The income is dollar-denominated. The appreciation happens in a currency that holds its international purchasing power. Meanwhile, for the end-user --- the VI executive, the returned diaspora professional, the C-suite executive who travels internationally and needs a Lagos base that functions like the serviced residences they use everywhere else --- there is a different, equally acute pain. Lagos has a shortage of genuinely managed, hospitality-standard residential options. The serviced apartment buildings that exist are aging stock or poorly managed. The alternatives are either traditional apartments that require the owner to manage everything personally, or hotels where long-term stay is inefficient and expensive. The gap --- between a Lagos home and a Lagos hotel --- has never been properly filled by a professionally managed hotel apartment product on VI. This building fills it. The solution Reportage Hotel Apartments. Ozumba Mbadiwe Road, Victoria Island. G+30 floors. 588 units. Managed and maintained by hospitality professionals. Priced in usd. C of O land title. Units available from Studio to 3-Bedroom. Reportage Properties is a UAE-based developer with a documented track record across the Middle East and African markets, including multiple completed and delivered projects. They are not a Lagos developer announcing a first project. They are an international hospitality developer entering the Lagos market with a 30-floor building on one of VI's most prominent roads. That institutional context matters for every buyer doing developer due diligence at this price point. Here is what the building and the acquisition deliver across both buyer profiles: For the yield investor: Dollar-denominated purchase price. Dollar-denominated rental income. Natural naira hedge built into the asset structure. At $173,000 for a 1-bedroom hotel apartment on Ozumba Mbadiwe VI, you are acquiring a Lagos real estate position in a currency that holds international purchasing power. Your rental income --- generated from short-term stays, corporate tenancies, and hotel management occupancy --- is priced in dollars because the market for premium VI hotel accommodation is priced in dollars. Multinationals, international assignees, business travellers, and diaspora visitors all transact in this segment in dollars. Your yield is not exposed to naira depreciation in the way a traditional Lagos apartment rental is. Professional hospitality management handles everything. You are not a Lagos landlord. You do not manage tenancies, maintenance calls, estate levies, or occupancy cycles. The hospitality management team operates the building, fills the rooms, maintains the infrastructure, and remits your yield. Your role is capital allocation. The building handles the rest. Short-let and long-term leasing --- both operational models in the same building. The hotel apartment structure supports both overnight stays and extended corporate residencies. That flexibility means the occupancy model adapts to Lagos demand cycles --- corporate high-season, international event traffic, short-term expat placements --- without requiring the owner to make management decisions around each cycle. For the end-user executive: A VI address managed like a five-star residence --- without ever being a landlord. You own the unit. You occupy it when you are in Lagos. You put it into the managed pool when you are not. The building's hospitality team maintains it at hotel standard in your absence. When you return, you arrive to a professionally managed room, not an apartment that has been sitting unattended between visits. This is the product that Lagos has not had at this standard --- a personally owned unit that functions like a serviced residence when you live in it and like a yielding investment when you don't. The amenities across floors G--3 are not building extras. They are the product. Concierge and reception --- the kind that handles what you need handled without you initiating every conversation. A swimming pool at building level. Office suites for the executive whose workday extends past the bedroom. A gym and fitness centre. A luxury spa. Fine dining restaurants and cafés. A lounge and event spaces. All within the building. All maintained to hospitality standard by the management team. For the professional whose travel schedule has made them comfortable in Marriott and Four Seasons environments globally --- this is the first Lagos address that functions at that standard within your own building. Residential units begin from the 4th floor. Floors G through 3 are entirely dedicated to the building's hospitality amenity infrastructure. The first residential unit is elevated above the entire amenity floor stack. Every resident benefits from genuine separation between the common amenity spaces and the private residential floors. This is building design intelligence that most Lagos residential projects do not apply. G+30 floors with city and lagoon views from residential levels. From the 4th floor upward on Ozumba Mbadiwe, the Lagos lagoon is visible. From higher floors, the city skyline and the Atlantic approach both become part of the view from your apartment. These are not "views" described by a developer's marketing team. They are the documented geographic result of a 30-floor building on the lagoon-front corridor of VI --- the same corridor that has produced the most consistently premium real estate in Lagos for the past three decades. Title: C of O on land, Deed of Sublease for individual units. The land carries a Certificate of Occupancy --- the strongest available title instrument in Lagos. Individual buyers hold a Deed of Sublease --- a recognised, legally valid instrument for large-scale mixed-use developments where the developer holds the master title and buyers hold a registered sub-leasehold interest. This structure is standard for hotel apartment developments globally, including in the uae where Reportage operates. Your solicitor will be familiar with it and will confirm its legal security in due diligence. The investment is backed by a C of O on the land and a registered sub-lease on your unit. That is a documented, secure title position. Price: $173,000--$190,000 for 1-bedroom. The variation within the range is determined by floor level and unit orientation. The earlier you confirm your unit, the lower the price within that range --- and below the range entirely if early-stage discounts are applied. The listing is explicit: prices are subject to upward review. This is an off-plan project whose price will not be lower than it is today. Victoria Island, Ozumba Mbadiwe corridor --- above flood risk. The lagoon-front VI corridor is one of the best-elevated residential zones in Lagos. Ozumba Mbadiwe Road does not carry the flooding risk that affects lower-lying parts of the island. A 30-floor building on this road, with residential units beginning from the 4th floor, is structurally positioned above every flooding scenario that has affected any part of Lagos in recent recorded history. Smilebay Realties does not list properties in flood-prone areas. This development on Ozumba Mbadiwe, Victoria Island, was assessed against that standard. The location and the building's elevation position it entirely outside any flood-risk zone relevant to this corridor. Full unit range and entry prices: Unit TypePrice Range (USD)Approx. ₦ Equivalent Studio $94,000 -- $105,000₦128M -- ₦143M 1-Bedroom$173,000 -- $190,000₦235M -- ₦259M 2-Bedroom$260,000 -- $280,000₦354M -- ₦381M 3-Bedroom$351,000 -- $450,000₦478M -- ₦613M Naira equivalents calculated at approximately ₦1,361/$ --- confirm current rate at time of transaction. Dollar price is fixed; naira equivalent fluctuates. The call to action This listing serves two buyers --- and both conversations are short for the right person. The yield investor who has been looking for a dollar-denominated Lagos real estate position, managed by international hospitality professionals, on Ozumba Mbadiwe VI, with a C of O land title --- has found it. Entry starts at $94,000 for a studio. The 1-bedroom starts at $173,000. The end-user executive who wants a VI address that functions like a serviced residence --- pool, spa, fine dining, concierge, gym, all within the building --- managed at hotel standard, owned personally, yielding when you're not in Lagos --- has found it too. Prices are confirmed as subject to upward review. Early commitment gets the best price within the range. Discounts are possible for committed buyers --- the listing confirms this explicitly. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Ozumba Mbadiwe. G+30. Dollar-denominated. Hospitality-managed. C of O land. This is not a Lagos apartment listing. It is a Lagos real estate category that has not existed at this standard before. High-Rise Hotel Apartments G+30 Floors Residential Units from 4th Floor Studio 1-Bedroom 2-Bedroom 3-Bedroom Units Available Amenities G--3F: Concierge Pool Office Suites Gym Spa Fine Dining Lounge Events International Track Record Hospitality Management Included Land Title: Certificate of Occupancy Buyer Title: Deed of Sublease Ozumba Mbadiwe Road, Victoria Island (VI), Lagos 1-Bed: $173,000--$190,000 Full Range: Studio $94K--3-Bed $450K Prices Subject to Upward Review Discounts Available for Committed Buyers Listed by Smilebay Realties Limited Ref: 3311114

Ozumba Mbadiwe, Victoria Island (VI), Lagos

1 Beds 1 Baths

Premium

1

₦4,500,000

Mixed-use land joint venture

2340 SQMS Mixed Use Land

Joint venture] Prime 2,340 SQM High-Density JV Plot -- Milverton Road, Ikoyi Property Overview An exceptional high-density Joint Venture opportunity situated on prestigious Milverton Road, Ikoyi. This prime parcel offers maximum floor-area potential for developers seeking to construct a landmark high-rise residential or multi-use tower in one of Africa's premier real estate corridors. Transaction Type: Joint Venture (JV) Location: Milverton Road, Ikoyi, Lagos Plot Size: 2,340.32 SQM Land Value: ₦4,500,000 per SQM Title: Lagos State Certificate of Occupancy (C of O) Premium: Nil Survey Plan: Available upon verified submission of corporate profile

Milverton Road, Ikoyi, Lagos

Premium

1

$1,800 per sq.m

Residential land for sale

2500 SQMS Residential Land

Eko Atlantic City, Victoria Island. Downtown District. 2,500 SQM. $1,800 per SQM. $4,500,000 Total. Protected By an 8.5km Sea Wall Engineered for 1,000-Year Storm Surges. This Is Land Lagos's Flooding Problem Was Built to Never Touch. The problem There is a category of Lagos land buyer who has already accepted a hard truth most of the city hasn't: that flooding and drainage failure on the mainland and even parts of the Island are not occasional inconveniences. They're structural, recurring, and getting worse as sea levels and rainfall intensity both climb. That buyer isn't looking for another plot in a flood-exposed axis with a nice address attached. They're looking for the one part of Lagos that was engineered, from the ground up, specifically to solve that problem --- not manage around it. Eko Atlantic exists because of Lagos's flooding, not despite it. The project's origin traces back to a 2005 government proposal aimed squarely at permanently solving the erosion and flooding crisis at Bar Beach. What got built in response is an 8.5km sea defence --- the "Great Wall of Lagos" --- plus centralized drainage and water treatment systems designed into the city rather than retrofitted onto it. This listing is 2,500sqm in the Downtown District, inside that wall, at $1,800/sqm. The agitation Here's the pricing reality across Eko Atlantic right now, and where this parcel actually sits inside it. Land here is priced in three bands depending on zone: inner-city plots start from roughly $1,250/sqm, major road and boulevard-front plots run from about $2,000/sqm, and oceanfront parcels start north of $3,000/sqm --- with Financial District and Marina land reportedly pushing past $3,000/sqm as those zones near completion. This listing, at $1,800/sqm in Downtown District, sits between the inner-city floor and the boulevard tier --- priced as core Eko Atlantic land, not premium waterfront, and not entry-level either. For comparison, elsewhere on Victoria Island right now: an 8,000sqm waterfront parcel is listed at $12.5M, working out to roughly $1,562/sqm --- cheaper per sqm, but outside the sea wall and exposed to VI's ordinary drainage infrastructure rather than Eko Atlantic's purpose-built system. A 3,500sqm VI parcel is listed at ₦12,250,000,000, which at current exchange rates works out to roughly $2,500--2,600/sqm --- meaningfully more expensive than this Downtown District plot, for land that doesn't carry the same engineered flood protection. The pattern across the wider district is upward. A neighbouring oceanfront zone adjacent to Eko Atlantic has recorded independently verified land appreciation of between 660% and 751% between 2021 and 2026 --- driven specifically by investor demand for flood-protected coastal land as Lagos's broader drainage problems intensify. Eko Atlantic is the original version of that trade. Every month this specific Downtown District entry point remains at $1,800/sqm is a month closer to it repricing toward the boulevard and oceanfront tiers already in motion around it. The solution 2,500 square metres of vacant residential land, Downtown District, Eko Atlantic City, Victoria Island. $1,800 per square metre. $4,500,000 total. Here is what this specific asset delivers: Downtown District location. One of Eko Atlantic's core planned zones, inside the same master-planned infrastructure grid as the Financial District and Marina, without carrying the premium those two zones now command as they approach completion. You're buying into the city's structure at a mid-tier entry point, not its most expensive one. Engineered flood protection, not assumed safety. The Great Wall of Lagos is a documented, 8.5km sea defence structure designed to withstand storm surge conditions rated for a 1,000-year event. Centralized drainage and water treatment systems were built into Eko Atlantic's master plan specifically to eliminate the standing water and open-gutter flooding that affects large parts of Lagos, including some of its most expensive addresses. This is not a claim unique to this listing --- it's the documented premise the entire city was built on. Independent infrastructure. Eko Atlantic operates its own dedicated power generation, meaning residents and developers inside it aren't dependent on the same grid strained across the rest of Lagos. Water treatment is centralized rather than left to individual boreholes. 2,500sqm --- a genuine development footprint. Large enough to support a private residence at the scale this address demands, or a mid-rise development within Eko Atlantic's zoning parameters, without the footprint constraints smaller plots in the district carry. $1,800/sqm --- positioned below the district's premium tiers. At $4.5M total, this parcel is priced below comparable VI land outside the sea wall, and meaningfully below Eko Atlantic's own oceanfront and near-complete Financial District pricing --- the version of this trade available before the district's remaining undeveloped land closes out. Why this beats the alternatives on the table. A cheaper plot outside Eko Atlantic saves money upfront but inherits Lagos's broader drainage exposure --- the exact risk this district's sea wall and internal systems were engineered to remove. A pricier oceanfront or Financial District plot inside Eko Atlantic offers a more prestigious sub-address, but at a per-sqm cost this Downtown District parcel doesn't carry. The call to action 2,500sqm. Downtown District, Eko Atlantic City, Victoria Island. $1,800/sqm. $4,500,000 total. The buyer for this parcel is someone who has already ruled out building or buying in a flood-exposed part of Lagos, and is deciding between Eko Atlantic's remaining Downtown District entry points and its pricier, near-complete oceanfront and Financial District land. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Serious inquiries only. Title and zoning documentation available on request. The wall is already 8.5 kilometres of concrete standing between this land and the water. The drainage is already built underground, not promised for later. The only thing not yet decided is whose name goes on this parcel. Land Type: Residential Land (Vacant) Size: 2,500 sqm Price: $1,800/sqm --- $4,500,000 total (≈₦2,457,907/sqm at posted conversion rate) Location: Downtown District, Eko Atlantic City, Victoria Island (VI), Lagos Flood Protection Context: Eko Atlantic is protected by the Great Wall of Lagos, an 8.5km engineered sea defence rated for 1,000-year storm surge events, with centralized drainage and water treatment built into the city's infrastructure. NPC Comparable Context: 8,000sqm waterfront land, VI (outside Eko Atlantic) --- $12,500,000 (≈$1,562/sqm) 3,500sqm land, VI --- ₦12,250,000,000 (≈$2,500--2,600/sqm) Eko Atlantic district-wide range: inner-city from $1,250/sqm; major roads/boulevards from $2,000/sqm; oceanfront from $3,000/sqm This listing: 2,500sqm, Downtown District, Eko Atlantic --- $1,800/sqm, $4,500,000 total Posted: 26 July 2026 Listed by: Smilebay Realties Limited --- Ref: #359-048-4

Eko Atlantic City, Lagos

Premium

1

₦2,200,000 per sq.m

Mixed-use land for sale

2000 SQMS Mixed Use Land

Bishop Oluwole Street. Victoria Island. 2,000 SQM. ₦2,200,000 per SQM. ₦4,400,000,000 Total. Lagos State Certificate of Occupancy. Directly Opposite Eko Atlantic's Gate. This Is the Street the Whole District Is Building Toward. The problem There is a category of Victoria Island land transaction that most brokers advertise loosely and few actually deliver cleanly --- a genuine bareland parcel, on a named A-grade VI street, with a straightforward C of O, priced inside the street's real trading range rather than padded for a buyer who hasn't done their homework. Bishop Oluwole Street is one of the most actively traded land corridors on the island --- sitting directly opposite Eko Atlantic City's entrance, on the same axis as Ahmadu Bello Way and within reach of the Adeola Odeku commercial belt. Because of that position, it's also one of the most inconsistently priced streets in VI, with asking prices from different sellers ranging from ₦1.5M/sqm distress listings to ₦2.5M/sqm Governor's Consent parcels --- a spread wide enough that a buyer who doesn't check the actual comparable trades can easily overpay or misjudge a genuine deal as inflated. This listing removes that guesswork. 2,000sqm, Bishop Oluwole Street, Lagos State C of O, ₦2,200,000/sqm. The agitation Here is what the real, currently active comparable market on this exact street shows. Multiple bareland parcels of similar size on Bishop Oluwole Street are trading at ₦2,000,000/sqm with a standard C of O. A premium commercial parcel on the same street, also 2,000sqm, is listed at ₦2,400,000/sqm --- ₦4.8 billion total --- marketed specifically on its proximity to the financial district, embassies, and Eko Atlantic. A separate 2,000sqm parcel on the same street, with Governor's Consent already secured, is asking ₦2,500,000/sqm. Nearby, commercial land along Adeola Odeku --- a short distance from this street --- has traded at ₦3,200,000/sqm. This listing --- 2,000sqm, Bishop Oluwole Street, ₦2,200,000/sqm --- sits precisely between the standard ₦2,000,000/sqm bareland trades and the ₦2,400,000/sqm premium commercial comparable on the same street. It's priced above the basic entry point, reflecting real demand on this corridor, and below the premium tier and the Adeola Odeku benchmark --- without requiring the buyer to negotiate a Governor's Consent upgrade themselves, since the title here is already Lagos State C of O. Every week this parcel sits unsold at this price is a week closer to it trading toward the ₦2,400,000--2,500,000/sqm tier already active on the same street. The solution 2,000 square metres of vacant land, Bishop Oluwole Street, Victoria Island. Lagos State Certificate of Occupancy. ₦2,200,000 per square metre. ₦4,400,000,000 total. Here is what this parcel delivers: Bishop Oluwole Street position. Directly opposite Eko Atlantic City's entrance gate, on the same corridor as Ahmadu Bello Way, minutes from the Adeola Odeku commercial cluster. This is not a street building its reputation --- it's one already carrying it, evidenced by the range of active premium and standard trades happening on it simultaneously. Lagos State Certificate of Occupancy. A straightforward, recognized title instrument, ready for solicitor review, without the added step of a family-grant C of O requiring further verification or a Governor's Consent application still pending. 2,000sqm mixed-use footprint. Sized appropriately for a high-rise commercial or mixed residential-commercial development, consistent with what's already being built and traded on this exact street. ₦2,200,000/sqm --- positioned inside the real trading range, not above it. Priced above the basic bareland comparables on the same street, reflecting genuine demand, and below both the premium commercial parcel and the Adeola Odeku benchmark nearby. Why this beats the alternatives on the table. The ₦2,000,000/sqm comparables on this street are priced lower, but several are distress sales or lack the same immediate C of O clarity. The ₦2,400,000--2,500,000/sqm comparables cost more for a marginally stronger title position or marketing angle this parcel already effectively matches through its C of O and location. This is the mid-market, clean-title entry point on a street where both the floor and ceiling of pricing are already well established. The call to action 2,000sqm. Bishop Oluwole Street, Victoria Island. ₦2,200,000/sqm. ₦4,400,000,000 total. Lagos State C of O. The buyer for this parcel is a developer or investor who has already priced the Bishop Oluwole corridor against its real comparables --- not someone forming a first impression of VI land. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Site visit arrangeable this week. The street is already active. The comparables are already trading. The only open question is which parcel on it carries your name. Land Type: Mixed-use Land (Vacant) Size: 2,000 sqm Price: ₦2,200,000/sqm --- ₦4,400,000,000 total Title: Lagos State Certificate of Occupancy Location: Bishop Oluwole Street, Victoria Island (VI), Lagos --- directly opposite Eko Atlantic City's entrance gate NPC Comparable Context (Bishop Oluwole Street & adjacent VI corridor): 2,000sqm bareland, Bishop Oluwole St --- ₦2,000,000/sqm (multiple active listings) 2,000sqm commercial, Bishop Oluwole St, premium C of O --- ₦2,400,000/sqm (₦4.8B total) 2,000sqm, Bishop Oluwole St, Governor's Consent --- ₦2,500,000/sqm 4,349sqm commercial, Adeola Odeku (adjacent corridor) --- ₦3,200,000/sqm This listing: 2,000sqm, Bishop Oluwole St --- ₦2,200,000/sqm, ₦4,400,000,000 total Posted: 26 July 2026 Listed by: Smilebay Realties Limited --- Ref: #359-048-3

Bishop Oluwole, Victoria Island (VI), Lagos

Premium

1

₦3,000,000 per sq.m

Mixed-use land for sale

5000 SQMS Mixed Use Land

Ahmadu Bello Way. Victoria Island. Opposite Eko Atlantic's Gate. 5,000 SQM. ₦3,000,000 per SQM. ₦15,000,000,000 Total. Certificate of Occupancy. Larger Sizes Available. This Is the Corridor Where VI's Old Money Meets Eko Atlantic's New Money. The problem There is a category of Victoria Island land that rarely comes to market at genuine scale --- not 900sqm, not 2,000sqm, but a 5,000sqm parcel large enough to anchor a serious commercial or mixed-use development, sitting directly on Ahmadu Bello Way, opposite the entrance to Eko Atlantic City itself. Most VI land offered at this size is either landlocked away from a primary road, split across non-contiguous titles, or priced without regard to what's actually trading on the same corridor. Ahmadu Bello Way is one of VI's original arterial roads --- predating Eko Atlantic, running alongside it, and now positioned as the direct handoff point between the island's established commercial core and the new coastal city rising beside it. This listing is 5,000sqm on that road, C of O, ₦3,000,000/sqm --- with larger contiguous sizes available for a buyer whose development plan needs more. The agitation Here's what the comparable market on and around Ahmadu Bello Way actually shows. A 2,800sqm parcel on Ahmadu Bello Way, carrying a Federal C of O and an existing office structure, is listed at ₦9,000,000,000 --- working out to roughly ₦3,214,000/sqm. A fenced 2,500sqm bareland parcel elsewhere on VI is listed at ₦6,250,000,000, or ₦2,500,000/sqm. Commercial land on the adjacent Adeola Odeku corridor has traded at ₦3,200,000/sqm. This listing --- 5,000sqm, Ahmadu Bello Way, opposite Eko Atlantic's gate, ₦3,000,000/sqm --- sits just below the improved Ahmadu Bello Way comparable (which carries the premium of an existing structure and Federal-grade title) and above the fenced bareland comparable elsewhere on the island. That's the correct position for bare land, at scale, on one of VI's most direct routes into Eko Atlantic. What the pricing doesn't fully capture yet is the corridor effect. Ahmadu Bello Way's value proposition has shifted since Eko Atlantic broke ground --- it is no longer simply an old VI arterial road, it is the entry corridor to a city that's pricing its own internal land at $1,250 to over $3,000 per sqm and appreciating fast. Every month this parcel remains unsold, it does so on a road whose relevance to the adjacent, appreciating district only grows. The solution 5,000 square metres of vacant land, Ahmadu Bello Way, opposite Eko Atlantic City's gate, Victoria Island. Certificate of Occupancy. ₦3,000,000 per square metre. ₦15,000,000,000 total. Larger contiguous sizes available. Here is what this parcel delivers: Ahmadu Bello Way position, opposite Eko Atlantic's gate. A primary VI arterial road that now also functions as the direct approach to Lagos's most actively appreciating coastal district. This address benefits from both VI's established commercial density and Eko Atlantic's forward momentum, without being priced at Eko Atlantic's internal oceanfront rates. 5,000sqm --- genuine development scale. Large enough to anchor a commercial tower, a mixed-use development, or an institutional-grade project, without the footprint constraints of the smaller 900--2,000sqm parcels that dominate most VI land listings. Larger sizes available. For a developer or family office whose plan requires more than 5,000sqm, this listing extends --- a rare scaling option on a corridor where most available parcels are fixed and non-negotiable in size. Certificate of Occupancy. A recognized title instrument ready for solicitor review, positioning this parcel for straightforward due diligence rather than a title chain requiring reconstruction. ₦3,000,000/sqm --- priced against the corridor's real comparables. Below the improved Ahmadu Bello Way parcel with its existing structure and Federal C of O premium, above the fenced bareland comparable elsewhere on the island, and in line with the adjacent Adeola Odeku commercial benchmark. Why this beats the alternatives on the table. Smaller VI parcels elsewhere cost less in total but cap what can be built. Land inside Eko Atlantic itself, at the Financial District or Marina rates now exceeding $3,000/sqm, costs meaningfully more per sqm for a comparable development outcome. This parcel sits at the handoff point between the two --- VI-grade C of O, Eko Atlantic-adjacent momentum, at a scale few sellers on this corridor can currently match. The call to action 5,000sqm. Ahmadu Bello Way, opposite Eko Atlantic's gate. ₦3,000,000/sqm. ₦15,000,000,000 total. C of O. Larger sizes available. The buyer for this parcel is a developer or institution planning at genuine scale on one of VI's primary corridors --- not evaluating VI land for the first time. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Ask about larger contiguous sizes. The road already runs straight to Eko Atlantic's gate. The scale is already available if your plan needs more. The only variable left is whose name goes on the C of O. Land Type: Mixed-use/Residential Land (Vacant) Size: 5,000 sqm (larger contiguous sizes available) Price: ₦3,000,000/sqm --- ₦15,000,000,000 total Title: Certificate of Occupancy Location: Ahmadu Bello Way, opposite Eko Atlantic City gate, Victoria Island (VI), Lagos NPC Comparable Context: 2,800sqm, Ahmadu Bello Way, Federal C of O, existing office structure --- ₦9,000,000,000 (≈₦3,214,000/sqm) 2,500sqm fenced bareland, VI --- ₦6,250,000,000 (₦2,500,000/sqm) Commercial land, Adeola Odeku (adjacent corridor) --- ₦3,200,000/sqm This listing: 5,000sqm, Ahmadu Bello Way --- ₦3,000,000/sqm, ₦15,000,000,000 total Posted: 26 July 2026 Listed by: Smilebay Realties Limited --- Ref: #359-047-9

Ahmadu Bello Way, Victoria Island (VI), Lagos

Premium

2

₦500,000,000

Flat / apartment for sale

2-Bedroom Fully Serviced Apartment

You Have the Title. The Salary. The Respect at Work. So Why Are You Still Begging Lagos for Peace? The problem It's Thursday evening. You just wrapped a back-to-back day. Two board presentations. One escalation call you didn't see coming. A sprint review that ran 45 minutes over. You leave the office at 7:15 PM thinking you might catch dinner at home. You won't. You're on Adeola Odeku, then Ozumba Mbadiwe, then --- nothing. A standstill. Okada horns. Bus fumes baking in the heat. Your Uber driver is sighing. Your collar is damp. You have 11 unread WhatsApps and zero energy to open any of them. You finally get in at 9:40 PM. Your spouse is already in bed. Your child didn't wait up. You eat alone. You scroll. You sleep. You wake up and do it again. This isn't a rough patch. This is the structure of your life. The agitation The brutal part? You are not a struggling person. Your account looks fine. Your designation is senior. Your company car is clean. People call you for advice. But you are still renting. Which means someone else --- your landlord, who likely earns a fraction of what you earn --- is deciding the terms of your life. He decides what gets fixed and when. He decides when the rent goes up. He decided, two Novembers ago, to add a new "estate development levy" to your renewal and you paid it because you had no choice. Your last rent was ₦7 million per year. Before that it was ₦4.5 million. Before that, ₦3 million. You have been paying this man --- one who does not work your hours, does not carry your pressure, does not sit in your traffic --- more money every single year. With nothing to show for it on your balance sheet. Meanwhile, your colleague who bought on VI four years ago is sitting on an asset that has nearly doubled. He is not smarter than you. He just stopped renting sooner. Every month you wait is a month you fund someone else's equity. The solution This apartment on Ajose Adeogun Street, Victoria Island is not a property. It is the restructuring of your entire daily life. Here is what changes the moment you own it: Your commute ends. Ajose Adeogun sits in the heart of VI. Your office, your bank, your biggest client --- all within 5 to 15 minutes. The hours you bleed daily on the road? You get them back. That is time with your family. That is sleep. That is clarity you haven't had in years. No landlord. No lease. No renewal negotiation. Nobody knocks on your door unannounced. Nobody sends you a letter in October telling you what your home will cost next year. You own it. The conversation is over. It is fully serviced. That means estate management is handled. The common areas, the facilities, the infrastructure --- maintained. You are not moving into someone else's problem. You are moving into a system that works. It is fully fitted and finished. Move-in ready. Not a project. Not "almost done." Done. Your time is too valuable for construction drama. Two bedrooms. Two bathrooms. Three toilets. Room to breathe. Room for your child. Room for a guest. Space that reflects who you actually are --- not who your rent budget forced you to become. The title documents are clean and available for due diligence. No stories. No family land disputes. No pending litigation. The paperwork is ready. You verify, you proceed. The address is its own insurance. Ajose Adeogun, Victoria Island. This corridor does not lose value. It absorbs naira inflation. It commands rental income. If you ever choose to let it, this apartment earns rental returns that will make the purchase price look conservative within a few years. The ask: ₦500,000,000. Clean. Documented. Serviced. Ready. The call to action This is a short conversation for a specific kind of person. Not someone browsing. Not someone who will "think about it" for eight months while rent counts up. This is for the senior professional who is genuinely done --- who has the capital or the financing structure and wants to move with information, not emotion. If that is you, reach out to Smilebay Realties directly. One call. One viewing. You will walk in and know within ten minutes whether this is the decision you've been delaying for too long. Call or WhatsApp: +234 901 517 4801 Because the only thing more expensive than this apartment is another three years of paying rent on someone else's asset while yours stays at zero. 2 Bedrooms 2 Bathrooms 3 Toilets Fully Serviced Clean Title Documents Available Ajose Adeogun Street, Victoria Island, Lagos Ref: 3474749 Listed by Smilebay Realties Limited

Anode Adeogun, Victoria Island (VI), Lagos

2 Beds 2 Baths

2-Bedroom Apartment Saka Tinubu Street, Victoria Island

Premium

10

₦500,000,000

Flat / apartment for sale

2-Bedroom Apartment Saka Tinubu Street, Victoria Island

You Earn Well. So Why Does Your Life Feel Like a Punishment? The problem It's 6:47 AM. Your alarm went off at 5. You didn't sleep well --- the generator ran out of fuel at 2 AM and your landlord's gate man didn't refill it. Again. You leave early to beat traffic. You don't beat traffic. You're on Ozumba Mbadiwe at a full stop, sweating through your shirt, watching your 8 AM meeting disappear in the rearview mirror. Your phone is ringing. Your boss doesn't understand why you're late --- he lives in Ikoyi, two minutes from the office. You get in. You perform. You close deals. Then you do the whole thing in reverse. You get home at 9 PM. Your child is already asleep. Again. This is not a bad week. This is your life. The agitation Here's what nobody says out loud: You are one of the highest earners in your peer group. Your title is impressive. Your salary hits a number most Nigerians will never see in a year. And yet --- you are renting someone else's property. Paying rent that went up 40% last year. Paying rent that will go up again next year, because your landlord knows you have no real option. He can knock on your door unannounced. He can refuse repairs. He can decide, two months before your lease ends, that his son is "moving in." And you --- the banker, the tech lead, the upstream professional --- will pack your things and start looking again. Meanwhile, your December bonus went to rent. Your promotion increment went to rent. The money you said you'd invest? Still going to rent. Every month you stay in that situation, you are handing someone else the financial future you worked for. The solution This apartment on Saka Tinubu, Victoria Island is not a property listing. It is the exit. It sits minutes from your office. When your colleagues are stuck at Lekki Toll or grinding through Carter Bridge, you are already home --- calm, showered, present. Your child is still awake. Here is what the apartment actually gives you: No commute tax. VI address means you reclaim 2--3 hours daily. That is time back with your family. That is mental bandwidth to think, to plan, to actually rest. No landlord. Ever again. No rent review letter in December. No unannounced visits. No begging anyone to fix what's broken in your own home. You own it. Full stop. A financial position, not just a home. This same apartment earns ₦30 million per year in rental income if you ever choose to let it. That's an asset generating cash --- not draining it. Two full bedrooms, two bathrooms, three toilets. Space designed for how senior professionals actually live --- not cramped, not compromised. Newly built. You are not inheriting someone else's problems. No old plumbing. No aging infrastructure. Clean slate. The address itself is equity. Saka Tinubu, Victoria Island. Walking distance to Eko Hotel. Adjacent to Eko Atlantic. Property in this corridor does not depreciate. It absorbs inflation. It compounds. The ask: ₦500,000,000 --- down from ₦550,000,000. That ₦50,000,000 reduction is already priced in. It will not last. The call to action This is not for everyone. If you are still sorting your finances, bookmark it and come back. No judgment. But if you are a senior professional who is genuinely done with the rent cycle --- who has capital ready and wants to plant a flag in one of Lagos' most resilient addresses --- then this conversation is for you. Call or WhatsApp the agent directly. One viewing. No pressure. You'll know within five minutes if this is the right move. Because the real question isn't whether you can afford it. It's whether you can afford another five years of the alternative. 2 Bedrooms 2 Bathrooms 3 Toilets Saka Tinubu Street, Victoria Island, Lagos Listed by Smilebay Realties Limited Ref: 3501440

Saka Tinubu, Victoria Island (VI), Lagos

2 Beds 2 Baths

Premium

1

₦15,728,000,000

Mixed-use land joint venture

3, 932 SQMS Mixed Use Land

Glover Road, Ikoyi. 3,932 SQM. Joint Venture. Planning Approved. Piling Already Completed. ₦4,000,000/SQM. No Premium. This Is Not Raw Land. This Is a Site That Has Already Cleared the Slowest Part of the Process. The problem There is a category of Lagos high-rise development conversation that most JV listings never actually reach --- the stage where planning approval is secured and the foundation work has already started. Most JV land offered to developers in Ikoyi is still theoretical. Survey pending. Approval pending. Premium undisclosed until a contractor has already spent weeks in negotiation. The genuine bottleneck for a high-rise contractor isn't finding land in Ikoyi --- it's finding land where the 12-to-18-month approval cycle has already been absorbed by someone else, and where the ground has already been tested and piled. This listing is that site. 3,932sqm on Glover Road, Ikoyi. Lagos C of O. Planning already approved for a 17-floor block of flats. Piling already completed. No premium attached to the land value. The question for a serious high-rise contractor isn't whether Ikoyi land is worth developing. It's whether this specific site --- already de-risked at the two stages that kill most JV timelines --- is worth committing to before another contractor closes it. The agitation Here is what the comparable market shows right now. A near-identical 3,900sqm parcel elsewhere in Ikoyi, also carrying an approved 17-storey high-rise development, is currently listed at ₦15,600,000,000 --- effectively the same size, the same approval status, priced at roughly ₦4M/sqm once premium and terms are factored in. A separate comparable, also close to 3,932sqm in a high-profile Ikoyi location, has been marketed as "closeable" at ₦15,728,000,000. This listing --- 3,932sqm at ₦4,000,000/sqm, no premium --- works out to approximately ₦15,728,000,000 in total land value, placing it directly inside the range both comparables above are asking for. The difference is what this listing has that a purely land-value comparison doesn't show: piling is already completed. On a 17-floor high-rise, piling is not a minor milestone --- it's the geotechnical and structural foundation work that typically consumes months of a project timeline and carries real risk if soil conditions turn out to be difficult. That risk has already been absorbed here. Every month a qualified high-rise contractor spends evaluating a still-theoretical JV elsewhere in Ikoyi is a month this site's timeline advantage compounds. Approval delays are the single most common reason Lagos high-rise JVs stall before a foundation is even poured. This one has already cleared that stage. The solution 3,932 square metres, mixed-use land, Glover Road, Ikoyi. Lagos State Certificate of Occupancy. ₦4,000,000 per sqm, no premium. Planning approved for a 17-floor block of flats. Piling completed. Survey available. Here is what each element actually delivers to the contractor evaluating this deal: Planning approval already secured. The single longest and most unpredictable phase of a Lagos high-rise JV --- Lagos State Physical Planning Permit approval for a 17-floor structure --- has already been obtained. A contractor stepping into this deal is not waiting 12-18 months before construction can legally begin. They are stepping in at the construction phase. Piling already completed. The geotechnical risk on a 17-floor structure is real and expensive to get wrong. Piling completion means the foundation engineering has already been tested against the actual soil conditions on this specific site --- not modeled from a neighbouring parcel's data. This removes a major source of budget and timeline uncertainty before the JV contract is even signed. No premium. The land value is the land value --- ₦4,000,000/sqm, disclosed upfront. No separate negotiation over a premium figure layered on top after due diligence has already consumed time and cost. Glover Road, Ikoyi. A residential and mixed-use street inside the same Ikoyi core that includes Bourdillon, Alexander, and Awolowo Road --- established infrastructure, established demand, not a developing axis with unproven absorption. Lagos State C of O, survey available. Title documentation ready for immediate solicitor review --- a straightforward due diligence process rather than a title chain requiring reconstruction. Why this beats the alternative JV sites currently on the market. The two closest comparable parcels --- both around 3,900sqm with a 17-storey approval --- are asking a similar or higher total land value without disclosing whether piling has been completed. A contractor evaluating those sites is still pricing in the foundation-stage risk this listing has already removed. At the same approximate land value, this is the site with less remaining execution risk. The call to action 3,932sqm. Glover Road, Ikoyi. ₦4,000,000/sqm. No premium. Approved 17-floor block of flats. Piling completed. This is not an offer for a corporate professional looking to buy a home. This is a JV slot for a high-rise contractor or developer with proven capacity to take a piled, approved site to completion. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Serious high-rise contractors only. Survey and approval documentation available for immediate review. The approval is already granted. The piling is already done. The part of this project that usually takes a year has already happened. Land Type: Mixed-use Land --- Joint Venture Size: 3,932 sqm Land Value: ₦4,000,000/sqm (estimated market rate) Premium: Nil Title: Lagos State Certificate of Occupancy (C of O) Survey: Available Owner's Development Preference: 17-floor block of flats Planning Approval: Approved Current Status: Piling completed Contractors Preferred: Experienced high-rise contractors Agency Fee: 10% Location: Glover Road, Ikoyi, Lagos NPC Comparable Context: 3,900sqm parcel, Ikoyi, approved 17-storey high-rise --- ₦15,600,000,000 Closeable ~3,932sqm parcel, high-profile Ikoyi location --- ₦15,728,000,000 This listing: 3,932sqm, Glover Road, Ikoyi, approved + piled --- approx. ₦15,728,000,000 (₦4,000,000/sqm, no premium) Posted: 25 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-895-3

Glover Road Ikoyi, Ikoyi, Lagos

Premium

1

$2,000 per sq.m

Residential land for sale

17, 400 SQMS Residential Land

Land Size: 17,400 sqm - Property: Vacant land - Price: US$2,000 per sqm Title C of O Land can be subdivided and sold in smaller parts

Eko Atlantic City, Victoria Island (VI), Lagos

Newly Built 4-Bedroom Maisonette Off Admiralty Way, Lekki Phase 1

Premium

24

₦450,000,000

Terraced duplex for sale

Newly Built 4-Bedroom Maisonette Off Admiralty Way, Lekki Phase 1

Your Children Are Growing Up. They Won't Wait for You to Find the Right House. The problem Somewhere between the school run and the third meeting of the day, it hits you. Not dramatically. Quietly. Your daughter asked you last Sunday if you could swim together. You said soon. You have been saying soon for eight months. The compound you live in does not have a pool. The nearest one requires a drive, a booking, a whole production --- and by the time you get there, the afternoon is already half gone and someone's phone is ringing. Your son has started spending weekends in front of a screen because there is nowhere else for him to go inside the apartment. The compound is too small. The street outside is not something you want to send him into unsupervised. You leave for work before they wake up most mornings. You return after they have eaten. The hours you have with them --- the real, unhurried hours, not the rushed morning routine or the distracted evening --- are the ones that happen inside the home. On weekends. In the spaces your compound creates or fails to create. Your current compound fails to create them. And the years are moving. The agitation Here is what nobody says in the property conversation but every parent carries privately. The home you raise your children in is not just shelter. It is the physical infrastructure of their childhood. The compound where they learn to ride a bicycle. The pool where they lose their fear of water. The play area where they make the friendships that last into secondary school. The staircase they run up and down a hundred times before they are eight. The space that is theirs --- safe, bounded, theirs. Your current home is not producing those experiences. Not because you are failing as a parent. Because the building is failing as a home. And every month you stay in a compound that doesn't work for your family, you are not just paying rent --- you are paying rent on a reduced version of your family's life. You are funding a landlord's asset with money that could have been building equity in an address that actually gives your children the environment they deserve. Your colleagues who bought in Lekki Phase 1 two and three years ago are not having this conversation anymore. They had it once, they made the decision, and they moved. Their weekends look different from yours. Their children's weekday evenings look different from yours. Their landlord situation --- they don't have one. The rent you are paying this year is the cost of the decision you didn't make last year. What will you pay next year for the decision you don't make now? The solution This newly built 4-bedroom maisonette off Admiralty Way, Lekki Phase 1, is built around a family that has stopped accepting less than what it has earned the right to. First --- the structure itself. A maisonette is not an apartment and it is not a standalone house. It is specifically designed for a family that wants multi-floor living --- bedrooms on upper floors, living and social spaces below --- with its own private entrance. You come home to your front door, not a shared corridor. Your household has its own vertical world. The estate provides the perimeter security and the shared amenities. The maisonette provides the private family architecture inside it. This combination is the reason a maisonette in a properly managed Lekki Phase 1 estate commands a premium over a standard flat at the same bedroom count. Here is what the estate and the unit deliver together: A swimming pool --- already in the compound, available today. Not "coming soon." Not a booking system. A pool in the estate your children will live in. The Sunday morning swim you have been saying "soon" to for eight months ends the day you move in. It ends permanently. A dedicated children's play area. Enclosed within the estate's security perimeter. Your children play there unsupervised --- because the perimeter is controlled, the security is professional, and you can see it from the building. This is not a playground three streets away that requires you to accompany them every time. It is your compound. The freedom they gain from it is something that does not show up on a spec sheet but changes the texture of your weekends completely. Four bedrooms, all en-suite. Four bathrooms. Five toilets. Every member of your household wakes up with their own bathroom. Nobody waits. Nobody negotiates morning timings. The household runs with the same efficiency your professional life demands --- without the friction that comes from four people sharing two bathrooms. Fully fitted kitchen --- with washing machine included. Not a kitchen you need to equip. Not a shell you bring appliances into. A complete, operational kitchen from the day you hand over. The washing machine is in the spec. You bring your groceries. The home is ready. 24/7 CCTV surveillance across the estate. Cameras covering every approach. Every exit. Every common area. This is not a single security guard making rounds. It is layered surveillance infrastructure that means when you travel for work --- and you do, regularly --- your family is inside a monitored perimeter, not relying on a single gate man's vigilance. Corporate security guard. Professional, dedicated, estate-posted. Not a facility shared with four other compounds. Your estate's security is specific to your estate. 24/7 electricity via estate power management system. Power is handled at the building infrastructure level. The PABX-linked power management system means units are coordinated, not individually dependent on generator management. You come home and the power is on. You leave for a three-day work trip and your family lives in a house that functions. The generator management conversation --- the one that opens every morning in most Lagos homes --- is not your conversation here. Servant quarter included. Your live-in domestic staff has dedicated quarters. Your home's spatial flow, your family's privacy, your household's separation of professional and domestic space --- all maintained. Yours is a home that works for the family that lives in it, not around it. Newly built. First occupancy. Nobody else has lived in this maisonette. The finishes are original. The systems are new. The fixtures have not failed yet because they have not been used yet. You are not inheriting a building's history. You are starting its first chapter. Off Admiralty Way, Lekki Phase 1. ₦450,000,000. Admiralty Way is the primary residential address in Lekki Phase 1. Not a side street off a side street. Admiralty Way itself. For a family with children in Lekki Phase 1 schools --- American International, Greensprings, various others in the corridor --- this address puts you within the school run radius that eliminates the morning commute-plus-school-run double burden. Your children's school is close. Your office is reachable. The weekend is yours. The call to action This is a family home. It is built for the Lagos corporate professional who has spent long enough in a compound that works against the family life they are trying to create --- and has made the decision to stop accepting that. ₦450,000,000 in Lekki Phase 1, newly built, with a pool, a children's play area, full en-suite rooms, a fitted kitchen, 24/7 power, and estate-level surveillance. If your capital is structured and you want to walk the property before someone else does, this is a one-call decision. Call or WhatsApp Smilebay Realties: +234 901 517 4801 The pool is ready. Your children are ready. The only question that remains is whether you will be the one who moves this weekend or the one still saying "soon." 4 Bedrooms 4 Bathrooms 5 Toilets Newly Built First Occupancy Multi-Floor Maisonette Private Entrance All Rooms En-Suite Swimming Pool Children's Play Area Servant Quarter Fully Fitted Kitchen with Washing Machine 24/7 CCTV Surveillance Corporate Security 24/7 Electricity Estate Power Management Off Admiralty Way, Lekki Phase 1, Lekki, Lagos ₦450,000,000 Listed by Smilebay Realties Limited Ref: 3464871

Off Admirality Way, Lekki Phase 1, Lekki, Lagos

4 Beds 4 Baths

Premium

11

₦280,000,000

Detached duplex for sale

5-Bedroom Fully Detached Duplex

Someone Needs to Exit Fast. That's Your Entry Point. The problem You've been watching Chevy View Estate from the outside for three years. You know the estate. You've driven through it --- maybe dropping off a colleague, or taking the Chevron Drive shortcut when Lekki-Epe was a car park at 7:30 AM. You noticed the clean roads. The functional gate. The settled, established feel of a neighbourhood that actually works. You've checked prices. You know what a full detached duplex on Chevron Drive costs. ₦400 million. ₦450 million. One listing asked ₦500 million. You did the math. You filed it under "someday" and kept renting. Meanwhile, your renewal letter came in. The number went up again. It always does. You paid it --- because what was the alternative? The agitation Here is the quiet toll nobody talks about: Every year you stay in someone else's property, you fall further behind. Not because you're not earning. You are. The salary is solid. The bonuses hit. The promotions come. On paper, you are building something. But the rent keeps consuming the proof. Your landlord is not your enemy. But he is not your partner either. He is running a business, and you are his most reliable revenue stream. He adjusts the price every cycle because he knows what you know --- your school, your family's routine, your children's friendships, the 8-minute drive to your office are all here. Moving is painful. So you absorb the increase and move on. You absorb it again next year. And the year after that. The worst part? You are watching other people plant flags in this same corridor. People with similar salaries. Similar career timelines. They moved first. Their properties have compounded. The gap between your net worth and theirs is not talent. It is not luck. It is one decision, made earlier. You are still waiting for the perfect conditions. The perfect conditions are not coming. But a rare opening just did. The solution a fully detached 5-bedroom duplex inside Chevy View Estate, Chevron Drive, Lekki, is on the market --- and the seller needs to close fast. That urgency is not your problem. It is your advantage. Here is what you are actually acquiring: The address itself. Chevy View Estate is not an emerging area you're betting on. It is an established, completed, functioning community on Chevron Drive. The infrastructure is real. The roads are paved. The gates work. This is what settled looks like in Lagos. 400 square metres of land. That is rare on this corridor. It is not a sliver plot. It is not shared. It is a full detached position --- your compound, your perimeter, your terms. No shared walls. No neighbour's generator 3 feet from your bedroom window. Five bedrooms. Five bathrooms. Six toilets. Room for your family to expand without anyone on top of anyone else. Room for a parent to visit for a month without it becoming a crisis. Room for a home office that is actually a room, not a corner. Fully detached structure. This matters more than people realize when they're renting. You stop hearing other people's lives through your walls. You get silence on command. In Lagos, silence is not a small thing. It is a premium. Governor's Consent is on the property. The most critical document in Lagos real estate. No family land ambiguity. No pending consent application. No stories at the Land Registry. The title is clean, registered, and available for due diligence today. ₦280,000,000 --- well below current market rate for this estate. The agent has confirmed comparable properties in Chevy View are moving at ₦400M to ₦500M. This is priced ₦120--220 million below that range because the seller has a timeline. You are not getting a compromise. You are getting a discount, backed by documentation. For the developer or investor reading this: the 400sqm plot supports a twin duplex development. Each unit in this corridor is currently selling at ₦350,000,000+. Do that math yourself. The call to action The seller is motivated. That window closes the moment someone else sees this clearly. This is not a call for tyre-kickers or "send-me-more-pictures" conversations. The documents are ready. The property is available. If you have the capital or your financing is structured, one site visit is all it takes. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Do not hold this number and think about it for two weeks. The same Chevy View corridor you've been watching from the outside is offering you a seat --- at ₦120 million below what your neighbours paid. That kind of opening has a very short shelf life. 5 Bedrooms 5 Bathrooms 6 Toilets 400sqm Land Fully Detached Governor's Consent Available Chevy View Estate, Chevron Drive, Lekki, Lagos Listed by Smilebay Realties Limited Ref: 3490013

Chevron Drive, Chevy View Estate, Lekki, Lagos

5 Beds 5 Baths

Premium

1

₦6,500,000,000

Residential land joint venture

1400 SQMS Land

Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7

Banana Island, Ikoyi, Lagos

Premium

26

₦1,800,000,000

Flat / apartment for sale

Newly Built 3 Bedroom Penthouse

The headline Old Ikoyi, Ikoyi. 8th Floor. ₦1,800,000,000. Two Elevators. A Rooftop Above Every Flooded Street You've Ever Waded Through. Five Minutes From Victoria Island. Not Forty. Not on the Third Mainland Bridge At All. This Is What You Get When You Stop Renting the Commute And Start Owning the Address. The problem There is a category of Lagos professional whose daily suffering is actually two separate problems that have been allowed to feel like one. The first is the commute. The second is the home you're commuting back to. Most corporate renters in Lagos have accepted a package deal --- a long, punishing drive to work, and a rented property that doesn't even solve the drainage and flooding risk the drive is meant to escape. You leave a flooded street to sit in traffic to arrive at a desk on the Island, then reverse the whole thing in the evening back to a compound you don't own, on a street with the same drainage problems, owned by a landlord who has opinions about your visitors. This listing exists for the professional who has finally separated those two problems and is solving both at once --- not by moving further out, but by moving up. Literally: to the 8th floor, on a street inside Old Ikoyi, five minutes from the Victoria Island corporate corridor most of this target buyer already works in. The agitation Here is the part most Lagos property listings won't tell you honestly, and the part this one will. Ikoyi is not immune to Lagos's drainage problems. It never has been. Government flood advisories in 2026 have named Ikoyi, alongside Lekki, Victoria Island, and several mainland districts, among the areas at recurring risk during heavy rainfall --- the same primary drainage and lagoon-level pressures that affect much of coastal Lagos. Residents on ground-level streets in the area have posted footage of standing water after ordinary rain, and state officials have publicly attributed some of it to rising lagoon levels overwhelming street drainage. We're not going to pretend otherwise. Any agent who tells you Ikoyi ground level "never floods" is not being straight with you. What we will tell you is this: the specific unit in this listing is not at ground level. It's on the 8th floor. Whatever happens to the street below during a heavy rain event --- standing water, blocked drains, a slow afternoon of gridlock while the water recedes --- does not enter this home. That's not marketing language. That's the physical reality of where this unit sits in the building. Now layer on the commute math, because this is where the real cost of deferring shows up. Falomo Bridge --- the link between Old Ikoyi and Victoria Island --- runs 10 to 15 minutes off-peak, 25 to 35 minutes at the worst of rush hour. Compare that to the 40- to 75-minute Third Mainland Bridge crossing that mainland-based renters absorb twice a day, every day, for years. If your job is Island-side --- banking, oil and gas HQ, a tech firm's Lagos office --- an Old Ikoyi address removes the Mainland bridge from your life entirely. Not shortens it. Removes it. The NPC comparables on the market right now show what that combination --- flood-elevated, Falomo-adjacent, newly built --- is actually worth: A 3-bedroom apartment with BQ, fully furnished, Old Ikoyi --- ₦700,000,000. Ground-floor exposure risk, older stock. A 4-bedroom apartment with gym and pool, Ikoyi --- ₦550,000,000. Mid-building, no rooftop. A 2-bedroom apartment with gym and pool, Ikoyi --- ₦550,000,000. Smaller footprint, same mid-building exposure. This listing --- a newly built, 8th-floor penthouse with a rooftop lounge, cinema room, and home office --- ₦1,800,000,000. None of the three comparables above offer the floor elevation, the new-build finish, or the Falomo-adjacent position this unit combines. That combination is the premium, and it's a premium the market hasn't repriced downward once in the last several cycles. The solution a newly built 3-bedroom penthouse, 8th floor, Old Ikoyi. Two elevator access points. A rooftop lounge. A cinema room. A dedicated home office. Boys' quarters. All rooms en-suite. A swimming pool and gym within the building. ₦1,800,000,000. Location, precisely. Old Ikoyi sits inside the Bourdillon-Alexander-Awolowo core --- the original residential heart of Ikoyi, five minutes by road from Victoria Island via Falomo Bridge, and inside the same corridor as the French, Iranian, and Iraqi embassies, the Lagos Deputy Governor's office, and Ikoyi Golf Club. This isn't a developing axis with unproven fundamentals. It's the most established address in Lagos, and this unit sits inside it. The 8th floor, specifically. Above the drainage and flooding exposure that affects ground-level Ikoyi streets during heavy rainfall --- a documented, ongoing issue this listing does not pretend away. You are buying the one thing money in this market can't retrofit onto an existing ground-floor unit: genuine physical elevation above the water table risk. Two elevator access points. Redundancy in daily movement. One unit down for maintenance doesn't strand your household. Rooftop lounge. Private, elevated, above the city --- and, functionally, above any street-level disruption entirely. Cinema room and home office. Two purpose-built rooms your rented apartment never had --- one for the family time your commute has been stealing, one for the international calls that don't respect Lagos office hours. Boys' quarters, all rooms en-suite, a walk-in closet built to scale. Staff housing on your own footprint. Independence for every member of the household. No shared bathroom queue before work. Swimming pool and gym, in-building. No separate commute to access either. 24/7 power, standby generator, borehole, treated water. Utility reliability structural to the building --- not dependent on a landlord's maintenance discipline, and not vulnerable to the drainage issues affecting street-level infrastructure. Layered security --- gate, perimeter fencing, electric fence, CCTV, gateman, intercom, fire safety. The unannounced landlord visit ends here, permanently, because the access chain no longer includes anyone but you. Why this beats the alternatives on the table. A ground-floor or mid-building unit at ₦550M--₦700M saves capital upfront but carries the exact street-level drainage exposure this listing is built to avoid, and none of it comes with a rooftop, a cinema room, or a dedicated office. A house further out on the Lekki-Epe corridor might cost less, but reintroduces the long, unpredictable commute this buyer is trying to eliminate. This unit is the version of Lagos ownership where you don't have to trade one problem for another. The call to action ₦1,800,000,000. Old Ikoyi. 3 bedrooms. 4 bathrooms. 5 toilets. 8th floor. Two elevators. Rooftop lounge. Cinema room. Home office. BQ. Pool. Gym. Five minutes from Victoria Island via Falomo Bridge. The buyer for this unit isn't comparing it to a first rental. They're comparing it to the ₦550M--₦700M ground- and mid-floor units on the same streets --- and to the honest, unavoidable fact that those units carry the exact flood exposure this one is elevated above. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Viewing by appointment. Serious inquiries only. The street below will flood again this rainy season. It has before. The bridge to VI will still be five minutes away, not forty. This is the floor where neither problem reaches you. --- 3 Bedrooms --- 4 Bathrooms --- 5 Toilets --- Penthouse --- Serviced All Rooms En-Suite --- Large Balconies --- Walk-In Closet --- Boys' Quarters --- 2 Elevators Cinema Room --- Home Office --- Rooftop Lounge --- Swimming Pool --- Gym Interior & Finishing: Fitted Kitchen --- pop Ceiling --- Built-In Wardrobes --- Tiled Floors --- Water Heater --- Guest Toilet Power & Utilities: 24/7 Power Supply --- Prepaid Meter --- Standby Generator --- Borehole --- Treated Water Security: Security Gate --- Perimeter Fencing --- Electric Fence --- CCTV --- Security/Gateman --- Intercom --- Fire Safety Location: Old Ikoyi, Ikoyi, Lagos --- 8th floor position; approx. 5 minutes to Victoria Island via Falomo Bridge (off-peak); within the Bourdillon--Alexander--Awolowo Road core Flood Context (Honest Disclosure): Ground-level Ikoyi streets are subject to the same drainage and lagoon-level pressures affecting much of coastal Lagos during heavy rainfall. This unit's 8th-floor position places it above that street-level exposure. Price: ₦1,800,000,000 Posted: 22 July 2026 NPC Comparable Context: 3-bedroom apartment w/ BQ, fully furnished, Old Ikoyi --- ₦700,000,000 4-bedroom apartment w/ gym and pool, Ikoyi --- ₦550,000,000 2-bedroom apartment w/ gym and pool, Ikoyi --- ₦550,000,000 This listing: 3-bedroom new-build penthouse, 8th floor, Old Ikoyi --- ₦1,800,000,000 Listed by: Smilebay Realties Limited --- Ref: #358-478-5

Old Ikoyi, Ikoyi, Lagos

3 Beds 4 Baths

Smilebay Realties Limited

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17, 400 SQMS Residential Land

Newly Built 4-Bedroom Maisonette Off Admiralty Way, Lekki Phase 1

5-Bedroom Fully Detached Duplex

1400 SQMS Land

Newly Built 3 Bedroom Penthouse

About Smilebay Realties Limited

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