Nigeria Property Centre
Ikate, Lekki, Lagos

Area Guide

Ikate

Flats in Ikate rent for about ₦8 million a year and sell for about ₦240 million. 6,480 properties are listed now.

Part of the Lekki area guide Prices updated 9 Nov 2026
Browse 6,480 listings in Ikate
Active listings 6,480 Available in Ikate
Median rent (flats) /yr ₦8M Q4 2026 figures for Lekki
Median sale (flats) ₦240M Q4 2026 figures for Lekki
Estate agents 1,044 Listing in Ikate

Ikate at a glance

Prices updated
9 Nov 2026

Ikate is a new residential suburb in Eti-Osa Local Government, Lagos State, located along the Lekki-Epe expressway. Ikate is closely related to the well-known Lekki and is thus sometimes referred to as a continuation of Lekki-phase 1.

The region extends from Lekki Phase 1 on the left side of Freedom Way to Ilasan on the right side of the Expressway. Its borders end at the Atlantic Ocean's shores on both ends.

There are also routes in the neighbourhood that provide direct access to nearby destinations such as Victoria Island and Lekki Phase 1 via Ikoyi.

Although it is quickly becoming one of Lekki's most populous neighbourhoods, it was once a sleepy community. It dates back to the 17th century, when it was nothing more than a scattering of settlements on a wooden plain land that served as a refuge for refugees. Ikate, as we now know it, arose from a strong desire for freedom from Lagos Island's stressful urban community.

Ikate, Lagos
Bay Atlantic, Ikate. Credit: KOA consultants Ltd

INTERESTING FACTS

Interesting Facts

Interesting Facts in Ikate
Tuface Idibia. Credit: channelstv.com

Ikate is interesting because of its proximity to popular destinations and attractions. It is located in Lagos's high-brow district, so you will be in the thick of the action. It is no surprise that famous celebrities like 2baba, Mayorkun, and Tiwa Savage have homes in the area.

Ikate has also become a popular location for companies like Bay Atlantic Tower, Bitsfield Technologies, and Pine Tree Organizers.

The Aworis of Ikate engaged in fishing, palm oil production, and farming, selling their wares at the Lagos market in exchange for pine, tobacco, gin, thread, rum, and provision.

LEISURE AND SHOPPING

Leisure and Shopping

Leisure and Shopping in Ikate
A rafia stall in the Lekki arts and crafts market. Credit: Pinterest

The largest arts and crafts market in Nigeria is the Lekki Arts and Crafts Market. Rafia mats, wooden stools, book bends, mirrors, consoles, leather rugs, bags, tables, sculptures, paintings, hats, cane chairs, jewelries, clothing, and other items are available. The market is teeming with creative artists and craftspeople who are friendly and willing to engage in a friendly discussion about their works and knowledge of African heritage. It brings different tribes and cultures together in one place and allows these artisans to demonstrate communism. Prices are rising, but if you negotiate well, you can save even more.

Itedo Market is a small market with a wide variety of items at reasonable prices. Here you can buy groceries, perishable and nonperishable food items, fruits, bags, clothes, and other items. It is a market that never sleeps.

The Lennox mall is a three-story building with an elevator for easy navigation. It is well-ventilated and home to a number of other businesses. There are boutiques, cell phone stores, perfume stores, an ice cream parlour, a Chinese restaurant, and other businesses. It also has a rooftop bar where you can unwind and enjoy a drink or two outside.

Blenco African Market is one of the Island's best-managed and most popular supermarkets. They sell a wide variety of products at reasonable prices. It has plenty of parking, a wheelchair-accessible entrance, and good security.

POPULAR ESTATES

Popular Estates

Popular Estates in Ikate
Richmond gate estate. Credit: The guardian Nigeria

Brown State Lekki Estate is a fantasy estate in the heart of Lekki Phase One. It is a well-planned community with all of the necessary components such as maximum security, good roads, reliable power, a clean environment, beautiful homes, and recreational facilities to make your living experience as pleasant as possible.

Horizon Court Estate is yet another estate living option. It is a small estate with beautiful buildings and a tranquil setting. At the main gate, there is a security checkpoint that only allows people in after they have been validated. The estate's houses are numbered, making navigation simple.

Richmond Gate Estate is a well-designed estate with attractive buildings laid out in sectional clusters. The security is excellent here. There is a pool and a mini-mart for last-minute shopping.

Abiola Court 6 Estate is a well-planned estate with convenient features like a car park, a gated entrance, and railed stairways. It is a lovely residential neighbourhood with a peaceful atmosphere and a good road network that connects each street.

DAY LIFE

Day Life

Day Life in Ikate
Kos Lagos. Credit: insidelagos

Leisure sports park is the ideal location for a fun day of sports with your friends. It is well-known for its paintball arena, which is known to get your adrenaline pumping, but it also has many other exciting activities to offer, such as basketball, volleyball, soccer, and tennis. It is fast-paced, but it is also well-organized and safe; before each game, you will be briefed on the safety rules and given the necessary equipment. After a good game of sports, you can relax inside the park with some food and drinks. Bookings can be made on their website prior to visiting.

Elegushi Beach is a private beach owned by the Elegushi royal family and is one of Lagos's and Nigeria's most popular beaches. If you are looking for the serenity that comes with watching the magnificent body of water or time away to have a picnic with your family and friends, the beach is an excellent choice. Aside from the beach, there are other attractions such as a Ferris wheel, horseback riding, quad bikes, and beautiful artworks for sale.

In Ikate, Family Affairs Plaza is a well-known location. It is a one-stop shop for a variety of services, including a saloon, spa, nail salon, and makeup studio. Their employees are professionals who will make the most of your money and time. You can also eat at their restaurant. There is also a section for kids.

A fine dining afternoon is a well-spent afternoon. Kos Lagos, an Ikate restaurant, is a lovely place to eat. The interior design is one-of-a-kind and brightens the mood, and the food is simply delicious. The staff is friendly and helpful, which immediately puts you at ease. The prices are said to be reasonable, which adds to the overall experience.

Real Estate

Real estate

Do you want to know how much it would cost to live in Ikate? Here are the median asking prices from our quarterly market report.

Short lets ₦150K per night Q4 2026 figures for Lekki No change since Q3 2026 See 1,216 short lets
Flats for rent ₦8M /yr Q4 2026 figures for Lekki Down 6% since Q3 2026 See 1,305 flats for rent
Houses for rent ₦15M /yr Q4 2026 figures for Lekki No change since Q3 2026 See 650 houses for rent
Flats for sale ₦240M Q4 2026 figures for Lekki Down 2% since Q3 2026 See 1,506 flats for sale
Houses for sale ₦400M Q4 2026 figures for Lekki No change since Q3 2026 See 1,582 houses for sale
Land for sale ₦200M per plot Q4 2026 figures for Lekki No change since Q3 2026 See 176 plots of land for sale

How busy is the Lekki market?

Renting

  • 5 searches for every home to rent
  • Most renters search up to ₦6.1 million a year
  • Hardest to find: 1-bedroom homes

Buying

  • 1 searches for every home for sale
  • Most buyers search up to ₦228 million
  • Hardest to find: 3-bedroom homes

Based on searches from 15 Oct to 13 Nov 2026.

Some available property in Ikate

Fully Furnished Seaview 2-Bedroom Apartment with Elevator & Solar Power
Premium
8 Video
₦165,000,000

Block of flats for sale

Fully Furnished Seaview 2-Bedroom Apartment with Elevator & Solar Power

Great Deal Seaview 2 Bedroom Apartment with Elevator & 10kva Solar Inverter + Lithium Battery Location: Ikate, Lekki Price: 165m (with furniture) Features: Well built Good finishing Modern Design CCTV Microwave & oven Wardrobe All Rooms En-suite 1 Living Room Stamped Floor pop Ceiling Water Heater; 1 Space Car Port Walk-in Shower

Ikate, Lekki, Lagos
2 2 2 2
Siyonique Integrated Services
Most Affordable 2 Bedroom Apartment Suitable for Investment
Premium
10
₦150,000,000

Block of flats for sale

Most Affordable 2 Bedroom Apartment Suitable for Investment

2 Bedroom Apartment with Elevator Location: Ikate, Lekki Price: 150m Features: Well built Good finishing Modern Design CCTV Microwave & oven Wardrobe All Rooms En-suite 1 Living Room Stamped Floor pop Ceiling Water Heater; 1 Space Car Port Walk-in Shower

Ikate, Lekki, Lagos
2 2 2 1
Siyonique Integrated Services
3 Bedroom Terrace Duplex with BQ
Premium
16
₦11,000,000

Terraced duplex for rent

3 Bedroom Terrace Duplex with BQ

Brand-new 3-bedroom terrace duplex with a Boys' Quarters (BQ) to let at Ikate, Lekki, Lagos. Enjoy comfort and convenience in this brand-new 3-bedroom terrace duplex with a Boys' Quarters (BQ), located in a secure and well-maintained estate. Rental details: - Annual Rent: ₦11,000,000 - Agency Fee: 10% - Legal Fee: 10% - Caution Fee: 10% - Service Charge: ₦1,200,000 (Annually) Property features: - Brand-new property - Spacious living area - Fully fitted kitchen - Fully serviced duplex - Good electricity supply - 24-hour security - Well-interlocked compound - Ample parking space - Treated water supply - Secure gated estate (Call to gain access)

Ikate, Lekki, Lagos Added today
3 3 4 2
Chiritzhomes
5 Bedroom Smart Home
Premium
22
₦1,500,000,000

House for sale

5 Bedroom Smart Home

Iconically built 5 bed smart home with elevator, cinema, GYM area, swimming pool, BQ and a rooftop terrace. The property has: - Tasteful Finishing - Contemporary Architectural Design - Spacious Living Area - Ample Car Park - Fully Fitted Kitchen - Pantry - Chandeliers - Kitchenette - Alexa - Fire Alarm - Central AC Ecosystem - Swimming Pool - Elevator - Gym - Refrigerator - Cinema - Balconies - Motion Sensor Light - Tiled floors - Stamped Concrete Floors - Luxury Sanitary Wares - All Rooms En-suite - Pop Ceiling - BQ - Integrated Audio System - Box Room - Home Office - Laundry Room - Rooftop Terrace - Secured and Access Control Estate - Urbane Environment Price: 1.5billion Location: Ikate, Lekki.

Ikate, Lekki, Lagos
5 5 6 4
De Home Vessel LTD
4 Bedroom Terraced Duplex
Premium
14
₦14,000,000

Terraced duplex for rent

4 Bedroom Terraced Duplex

To let well-maintained 4-bedroom terrace duplex Location: Ikate, Lagos. Secure a comfortable and convenient lifestyle in this well-maintained 4-bedroom terrace duplex, featuring spacious interiors, essential amenities and a secure residential environment. Property Features & Amenities: - Well-maintained 4-bedroom terrace duplex - Spacious living area - Fully fitted kitchen - Self-serviced duplex - Good electricity supply - 24-hour security - Well-interlocked compound - Ample parking space - Treated water supply - Secure and serene environment Rental details: - Annual Rent: ₦14,000,000 - Agency Fee: 10% - Legal Fee: 10% - Caution Fee: 10% - Service Charge: ₦1,800,000 Ikate, Lagos. For enquiries and inspection arrangements, kindly get in touch.

Ikate, Lekki, Lagos Added today
4 4 5 2
Chiritzhomes

Questions about Ikate

How much is rent in Ikate?

Flats rent for about ₦8 million a year and houses for about ₦15 million a year, based on Q4 2026 figures for Lekki.

How much does a house cost in Ikate?

Houses for sale ask about ₦400 million and flats about ₦240 million, based on Q4 2026 figures for Lekki.