500 Sqm Land
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Property Description
Ultra-Prime Approved Land For Sale on Banana Island, Ikoyi
500 SQM Full Development Approval ₦4.7M/SQM ₦2.35B Total
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Property Overview
- Location: Sokoto Street, Banana Island, Ikoyi, Lagos
- Land Size: 500 SQM
- Price per SQM: ₦4,700,000
- Total Price: ₦2,350,000,000
- Status: Approval secured -- ready for immediate development on Banana Island
- Title: Full title documentation expected (C of O / Governor's Consent)
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Key Highlights
- Banana Island Address -- Africa's most exclusive and secure residential enclave
- Approval Already Secured -- Bypass complex Banana Island planning restrictions and begin construction immediately
- Ultra-Premium Positioning -- Pricing reflects the unmatched prestige of Banana Island
- Secure & Serene Environment -- 24/7 security, private infrastructure, and elite community
- Turnkey Development Ready -- No delays -- move straight to groundbreaking
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️ Development Potential
- Ultra-Luxury Waterfront or Garden Mansion
- Contemporary Architectural Masterpiece
- High-End Corporate Guest Villa
- Diplomatic or Expatriate Residence
- Private Family Compound
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Banana Island Benefits
- Most Exclusive Address in Nigeria -- home to billionaires, expatriates, and global elites
- Maximum Security -- gated island with controlled access, surveillance, and private security
- World-Class Infrastructure -- dedicated power, water, fiber optics, and road networks
- Waterfront Lifestyle -- many plots offer direct water access and views
- Unmatched Prestige & Privacy -- a statement of success and exclusivity
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Investment Value
- Total Price: ₦2.35 Billion
- Price per SQM: ₦4.7 Million (competitive for Banana Island)
- Approval Premium -- avoid lengthy, stringent Banana Island approval process
- High Capital Appreciation -- Banana Island consistently outperforms all other Lagos markets
- Rental Demand -- attracts expatriates, CEOs, diplomats, and ultra-high-net-worth tenants
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Exclusive Sale -- For Qualified Buyers Only
A rare opportunity to acquire an approved plot on Banana Island -- the ultimate address in Nigerian real estate. This is for visionary investors, developers, or UHNWIs looking to build a legacy home or premium asset in a globally recognized enclave.
Ideal For:
- Ultra-High-Net-Worth Individuals
- Luxury Property Developers
- Corporate Chairmen & CEOs
- International Investors
- Diplomatic Missions
Contact For:
- Private Site Inspection
- Approval & Title Verification
- Purchase Structuring
A ready-to-build canvas on Banana Island -- where prestige meets opportunity.
Property Details
| Property Ref: 3243184 | Added On: 08 Dec 2025 | Last Updated: 08 Dec 2025 |
| Market Status: Available | Type: Residential Land | Total Area: 500 sqm |
Interesting Facts
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.
Leisure and Shopping
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.
Popular Estates
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.
Day Life
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.
Night Life
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.
Schools
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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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
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