1,500 Sqm Land
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Property Description
Prime Land For Sale Banana Island, Ikoyi
1,500 SQM Residential Zone ₦5 Million per SQM Total Asking Price: ₦7.5 Billion
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Property Overview
- Location: Banana Island, Ikoyi, Lagos -- Africa's most exclusive and secured waterfront residential enclave.
- Land Size: 1,500 SQM.
- Price per SQM: ₦5,000,000.
- Total Asking Price: ₦7,500,000,000.
- Title: To be verified (typically Governor's Consent or C of O on Banana Island).
- Zone: Residential, with potential for ultra-luxury development.
- Status: Vacant, prime land in a fully serviced, high-security environment.
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Key Highlights
- Unmatched Exclusivity: Banana Island is the pinnacle of luxury living in Nigeria, offering privacy, security, and a world-class community.
- Premium Pricing: At ₦5M per SQM, this property is positioned at the top of the market, reflecting the unique prestige and scarcity of land on the island.
- Strong Development Potential: The plot size allows for a landmark residential estate, multiple luxury villas, or a single iconic mansion.
- Full Amenities: Residents enjoy 24/7 security, waterfront access, power supply, paved roads, and proximity to elite social and business hubs.
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️ Development Potential
Ideal for:
- A single ultra-luxury waterfront mansion with private dock.
- A gated mini-estate of 3--4 high-spec villas.
- A boutique residential building with luxury apartments.
- A high-end branded residence or diplomatic compound.
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Market Context
- Target Audience: High-net-worth individuals, international investors, corporate executives, and celebrities seeking the ultimate Lagos address.
- Scarcity & Value: Land on Banana Island rarely becomes available, making this a rare investment and lifestyle opportunity.
- Investment Outlook: Properties here consistently appreciate and offer unparalleled prestige and resale value.
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Next Steps
Serious inquiries are encouraged. Title documents and detailed survey plans are available for verification. Viewing can be arranged by appointment.
A landmark opportunity to own and develop on Banana Island---Africa's most exclusive residential address.
Property Details
| Property Ref: 3331055 | Added On: 06 Feb 2026 | Last Updated: 06 Feb 2026 |
| Market Status: Available | Type: Residential Land |
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 6 months ago
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