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Listing title
For Sale: 8 x 5‑Bedroom Semi‑Detached Mansions --- Banana Island
Land 1,887 sqm
Net Price ₦1.7B
Completion Sept 2025
Overview
An exclusive offering on Banana Island: eight premium 5‑bedroom semi‑detached houses on a single 1,887 sqm parcel. Built to luxury specifications with contemporary design, these units deliver exceptional family living, privacy and long‑term capital appreciation in one of Lagos's most prestigious addresses. Each home is thoughtfully configured for comfort, entertaining and home‑working lifestyles --- ideal for high‑net‑worth individuals, corporate executives, embassies, family offices or investors targeting prime residential assets.
Asking price & status
- Net asking price: ₦1,700,000,000 (One billion, seven hundred million Naira)
- Completion: Scheduled for handover by September 2025
- Title: Lagos State Certificate of Occupancy (C of O) --- Deed of Assignment available per unit
- Land size: 1,887 sqm (entire parcel containing all 8 units)
Property summary
- Units: 8 semi‑detached houses (each unit 5 bedrooms, all en‑suite)
- House type: Luxury semi‑detached mansion with contemporary finishes and high‑end fittings
- Parking: 3 dedicated parking spaces per unit (on‑plot)
- Servants' accommodation: 1 room boys' quarter (B/Q) per unit --- self‑contained
- Vertical access: Passenger elevator to all habitable floors in each unit
- Floors / key living spaces: Ground floor living & dining; first floor family lounge; third floor cinema room and large outdoor terraces
Key residential features (per unit)
- Five en‑suite bedrooms offering privacy and hotel‑style comfort
- Ground floor formal living room and dining area designed for seamless entertaining
- Imported fitted kitchen with premium appliances and generous storage
- Imported walk‑in wardrobes in principal bedrooms for luxury convenience
- Family lounge on the first floor --- flexible for study, TV and informal family time
- Dedicated cinema room on the third floor for media and entertainment
- Massive outdoor terraces on the third floor --- ideal for al‑fresco dining, lounging and entertaining with skyline views
- Elevator servicing all floors for convenience and accessibility
- High‑quality finishes, contemporary joinery and professionally selected sanitaryware and fittings
- Robust security features consistent with Banana Island standards
Title, legal & documentation
- Title: Lagos State Certificate of Occupancy (C of O) held on the land parcel
- Ownership documentation: Deed of Assignment available per unit at sale
- Regulatory: Building approvals and necessary permits to be provided prior to completion (buyers to verify during due diligence)
Development & delivery
- Construction status: Active development with scheduled completion and practical handover by September 2025
- Construction period & warranty: Final construction programme and defect liability/warranty terms will be provided in the sale agreement and handover pack
- Handover deliverables: As‑built drawings, snag list resolution, certificate of completion/occupation (where applicable) and transfer of deed of assignment per unit upon payment and legal completion
Location benefits --- Banana Island
- Prestigious, secure and low‑density residential environment with premium neighbours and high resale value
- Excellent access to Victoria Island, Lekki, major business districts and the Lekki‑Epe Expressway corridor
- Quiet, landscaped streets, well‑maintained infrastructure and strong estate security --- desirable for families and expatriates
Investment highlights
- Prime asset in one of Lagos's most sought‑after addresses --- strong capital appreciation potential
- High rental appeal to expatriates, corporate tenants and diplomatic staff seeking turnkey luxury homes
- Ready‑to‑occupy delivery within an established estate reduces acquisition and permitting risk compared to greenfield developments
- Deed of assignment per unit simplifies transfer process for individual purchasers or portfolio buyers
Target buyers
- High‑net‑worth individuals and family offices seeking primary or holiday residences
- Corporate housing providers and multinationals requiring executive accommodation
- Institutional/private investors targeting prime residential assets for capital growth and premium rental income
- Embassies, consulates or international organisations seeking secure, detached family homes
Suggested due diligence checklist (recommended)
- Verify Lagos State C of O and Deed of Assignment for each unit with buyer's solicitor
- Confirm building approvals, planning consents and certificates of compliance/inspection records
- Inspect progress on site and request construction programme, materials schedule and snag list policy
- Review list of included finishes, appliances and warranties (e.g., elevators, HVAC, generators)
- Confirm utility connections, drainage, stormwater management and perimeter security arrangements
- Obtain schedule of accommodation, unit floor plans and as‑built site layout showing parking and circulation
- Agree payment milestones, escrow arrangements and timeline for transfer documentation
Sales terms & payment
- Price: Net ₦1.7B for the eight‑unit scheme (price not inclusive of legal fees, stamp duty, or other transfer expenses unless stated otherwise)
- Payment terms: To be agreed --- owners welcome serious offers; structured deposits and staged payments can be discussed with proof of funds and legal readiness
- Transfer: Deed of Assignment will be executed per unit upon receipt of agreed payment and completion of sale documentation
Ref: Victoria
Property Ref: 3095471 | Added On: 15 Sep 2025 | Last Updated: 15 Sep 2025 |
Market Status: Available | Type: House | Bedrooms: 5 |
Bathrooms: 6 | Toilets: 6 | Parking Spaces: 5 |
Total Area: 1,887 sqm |
Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reputation as a luxurious and refined haven. It is renowned as one of the most expensive neighborhoods in Africa, attracting affluent individuals from diverse backgrounds.
Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lush green spaces, and enjoy the luxurious amenities provided by the exclusive relaxation centers. Oladimeji Shonubi Supermarket, Mr. Femi Superstores, Hartleys Supermarket, Kola Superstores, Banana Island Sports Field, Banana Island Park, and the Banana Island Club are prime examples of the leisure and shopping options available in Banana Island.
Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vistas. Boasting top-notch facilities and unmatched seclusion, these estates are a testament to elegance, ensuring each resident experiences an unparalleled lifestyle. Among the distinguished estates on Banana Island are Happy Haven Estate, The Address Homes, Bella Vista Apartments, Grace Court, and Morgan Apartments.
Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like the Hanging Basket Restaurant and the esteemed Chicken Republic. If you're in search of a destination suitable for the whole family, the nearby Youfine Art Gallery presents nature trails of art work, providing a delightful experience.
Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rather than its nightlife scene. The island is a serene and exclusive area with a focus on privacy and security. However, for a livelier nightlife scene, residents can venture to nearby areas such as Victoria Island and Ikoyi, where one can find several upscale lounges, bars, and clubs that offer an unforgettable evening of entertainment. We have places like Escape Nightclub, Quilox, Sky Restaurant and Lounge, The Blowfish Hotel and Club, Caliente Club, and Escape Nightclub.
Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their children need look no further, as Banana Island International School stands as a beacon of prestige within this coveted community. Additionally, residents have the privilege of choosing from a range of esteemed schools in close proximity, including Greenwood House School, Meadow Hall School, and Lagoon School, all of which provide excellent educational options to meet the discerning standards of Banana Island's residents.
Read the full area guide for Banana Island, Ikoyi, Lagos.
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