Residential Land for Sale in Banana Island, Ikoyi, Lagos
There are 189 land for sale in Banana Island as of 15 Sep 2026, with an average price of ₦5M. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Waterfront 1200sqm Land @ Shoreline Estate, Ikoyi N7b Title Document is Governor's Consent For further Enquires Please Contact Ahmed Ojikutu & Associates 1,Dele Adedayo Street, Ramat Ogudu GRA, Lagos State. 08037222205, 08051647747, 08098525477 Email: [email protected][email protected] Website:ahmedojikutunassociates.com.ng
Shoreline Estate, Banana Island, Ikoyi, Lagos
1200 sqm
Ahmed Ojikutu & Associates
Premium
1
₦5,000,000per sq.m
Residential land for sale
2,600 SQM Waterfront Land
Location: Off 3rd Avenue, Banana Island Estate, Ikoyi, Lagos Property Type: Waterfront Land Land Size: 2,600 SQM Price: ₦5 Million per SQM Total Asking Price: ₦13 Billion Title: Lagos State C of O Proposed Use: Residential / Waterfront Development Transaction: For Sale Property Overview This 2,600 SQM waterfront land for sale in Banana Island, Ikoyi, Lagos presents a substantial development opportunity within one of Lagos' most sought-after residential locations. Positioned off 3rd Avenue in Banana Island Estate, the property offers a sizeable land area combined with a direct waterfront position, making it particularly suited to buyers considering a premium private residence or a larger residential development, subject to applicable planning, environmental and development approvals. The property is offered at ₦5 Million per SQM, resulting in a total asking price of ₦13 Billion. Zahari View The defining feature of this property is its waterfront position within Banana Island. With 2,600 SQM of land, the parcel provides significantly more development space than a typical residential plot, potentially giving a private buyer or developer greater flexibility in planning a substantial residential project. For a private buyer, the property may be considered for a large-scale luxury waterfront residence designed around the site's location and waterfront character. For a developer, the land size creates an opportunity to assess a premium residential concept, subject to planning regulations, permitted use, site conditions, environmental considerations and relevant approvals. Property Highlights 2,600 SQM waterfront land Located off 3rd Avenue, Banana Island Estate, Ikoyi ₦5 Million per SQM ₦13 Billion total asking price Lagos State C of O Direct waterfront position Premium Banana Island location Residential / waterfront development potential Suitable for private buyers, developers and strategic property investors Development subject to applicable approvals and regulations Why This Property Deserves Attention Waterfront land in Banana Island commands attention because of the combination of location, land size and waterfront positioning. At 2,600 SQM, this parcel offers a substantial development footprint for buyers seeking more than a conventional residential plot. The property's location within Banana Island also places it within an established premium residential environment, while its waterfront position provides a distinct characteristic that may influence the design, positioning and market appeal of any proposed development. However, the value of a property of this scale should be assessed beyond its headline location. Buyers should consider the site's exact boundaries, planning parameters, waterfront conditions, access, infrastructure and all applicable development requirements before proceeding. Development & Investment Perspective At an asking price of ₦5 Million per SQM, the acquisition represents a significant capital commitment. A developer should therefore undertake a detailed feasibility assessment before committing funds. This should include the proposed development concept, permitted density, building height, setbacks, access, parking, infrastructure, construction costs, professional fees, statutory charges and potential market demand. Because the property has a waterfront position, prospective developers should also undertake appropriate technical and environmental assessments and confirm all applicable requirements governing development along the waterfront. For long-term investors, the property's land size, location, title and future development potential should be evaluated alongside comparable premium land opportunities within Banana Island and the wider Ikoyi market. Investor's Note Prospective buyers are advised to independently verify the property and undertake comprehensive due diligence before making any financial commitment. Key areas of verification should include: Lagos State C of O and title history Survey and exact land dimensions Ownership and transfer history Exact waterfront boundary and site configuration Permitted land use Planning and development regulations Applicable waterfront and environmental requirements Building density and height restrictions Setback and parking requirements Access and infrastructure Applicable government and statutory charges Development feasibility and projected returns Documentation Title: Lagos State C of O Documentation is available for verification. Buyers are advised to engage qualified legal, survey, planning and property professionals to independently verify the title, survey, ownership and development requirements before concluding the transaction. Property Intelligence Beyond the Listing At Zahari Properties, we believe premium property acquisition should be guided by more than location and asking price. A major land acquisition requires a clear understanding of title, planning, development potential, site characteristics, market positioning and long-term value. This 2,600 SQM waterfront land in Banana Island offers a combination of substantial land size and a distinctive waterfront position that makes it worthy of consideration by private buyers and developers seeking a premium residential development opportunity in Ikoyi. Asking Price ₦5 Million per SQM 2,600 SQM × ₦5 Million = ₦13 Billion For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer Property information, pricing, availability and documentation are subject to confirmation and verification. Waterfront development may be subject to additional planning, environmental and regulatory requirements. Prospective buyers should conduct independent legal, survey, planning, environmental and financial due diligence before making any financial commitment.
Off 3rd Avenue, Banana Island Estate, Ikoyi, Lagos, Banana Island, Ikoyi, Lagos
Added yesterday
Zahari Properties
Premium
1
₦4,800,000,000
Residential land for sale
900SQM of Land
Jord
102 Close, Banana Island, Ikoyi, Lagos
Added yesterday
Crown Property Global Consultant
Premium
₦4,800,000per sq.m
Residential land for sale
2,594SQM Waterfront Land
Deals on deals banana island banana island waterfront.* Location: Banana Island, Ikoyi, Lagos Land Size: 2,594 sqm Title: Lagos State C of O Price: ₦4.8M Net per sqm
Banana Island, Ikoyi, Lagos
Added yesterday
Trinity CW Home and Property International Limited
Premium
1
₦5,500,000per sq.m
Residential land for sale
Waterfront Land
Waterfront Land: Banana Island Reclaimed waterfront land in 2020 is available for sale in Banana Island. Area: Residential Area, Title: Lagos Title Land size: 1,230m² Price: ₦5.5M per m² Contact 0809 499 0098 0902 222 0601
Residential Zone, Banana Island, Ikoyi, Lagos
1230 sqm
Ash Properties & Constructions LTD.
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Premium
4
₦4,260,000,000
Residential land for sale
Waterfront Residential Land
Outright buyer needed Banana island, waterfront Waterfront land off 3RD avenue - banana island Waterfront Residential Land measuring 852sqm strategically located off 3rd Avenue, Banana Island, Ikoyi. - Location: Off 3rd Avenue, Banana Island Estate - Size: 852 sqm - Title: Federal Certificate of Occupancy (Fed. C of O) - Topography: 100% Dry, Table Land - Use: Residential / Luxury Waterfront Development - Price: N5 Million per sqm - Total: N4.26 Billion Features: Direct waterfront, serene and secure environment, proximity to 2nd & 3rd Avenue infrastructure, ready to build.
3rd Avenue, Banana Island, Ikoyi, Lagos
852 sqm
Bourdillon Enterprises
Premium
3
₦5,000,000per sq.m
Residential land for sale
Premium 500 SQM Land in a Close in an Estate
A well cut-out 500SQM land located in a gated Waterfront Close off 3rd Avenue Road, Banana Island Estate, Ikoyi, Lagos available for sale. Price is N5m per sqm ono.
Off 3rd Avenue Road, Banana Island, Ikoyi, Lagos
500 sqm
Maxville Intergrated Company
Premium
₦5,800,000per sq.m
Residential land for sale
Prime 1200SQM Land
Prime 1200SQM Land Banana Island, Ikoyi, Lagos Price : 5.8million per SQM Vol 26 6
Banana Island Estate, Banana Island, Ikoyi, Lagos
1200 sqm
Crestforesight Homes & Properties LTD
Premium
1
₦10,237,500,000
Residential land for sale
Waterfront Residential Land
Waterfront land for sale -- banana island Location: Banana Island, Lagos State Land Size: 2,275 sqm Title: Lagos State C of O Price: ₦4.5 Million per sqm Total Asking Price: ₦10.2375 Billion Prime Waterfront Property An exceptional development opportunity in one of Lagos' most prestigious locations. Serious buyers and developers only. V
Banana Island, Ikoyi, Lagos
1000 Parking
2275 sqm
Best Grand Masters Realty
Premium
1
₦4,200,000,000
Residential land for sale
1000 SQM Residential Land
Newly out -- distress sale Location: 3rd Avenue, Banana Island, Lagos Land Size: 1,000 sqm Title: Federal C of O Price: ₦4.2 Million per sqm Total Asking Price: ₦4.2 Billion Prime development opportunity in Banana Island. Note: Distress sale --- serious and ready buyers only. V
3rd Avenue, Banana Island, Ikoyi, Lagos
1000 Parking
1000 sqm
Best Grand Masters Realty
ADVERTISEMENT750 × 120
Premium
5
₦4,000,000per sq.m
Residential land for sale
Water-Front Land Measuring 2200 SQM
2200sqm Water-front Land located within Residential Zone, Banana Island Estate, Ikoyi, Lagos. Features include: Water-front plot; Suitable for Development of Town Houses, Block of Apartments or single Private Residence; etc. Sale Price is NGN4,000,000 (FOUR million NAIRA) per Square Meter. Federal Certificate of Occupancy (C of O). All pricing are as at july 22, 2026 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.
Banana Island, Ikoyi, Lagos
2200 sqm
First Colony Real Estate Company LTD
Premium
1
₦12,930,000,000
Residential land for sale
Verified 3403SQM Waterfront Plot
Prime waterfront land measuring 3,403 sqm. Location: Banana Island, Ikoyi, Lagos Price: ₦3.8 Million per sqm Title: Federal C of O Total Price: ₦12.93 Billion This has been inspected and verified. Documents for further verification is available after inspection has been concluded. Let's Deal! #Kes
Banana Island, Ikoyi, Lagos
3403 sqm
Arewá-Oluwa Properties
Premium
₦7,140,000,000per sq.m
Residential land for sale
Residential Land Plot
Prime lands for sale: Banana island & old ikoyi 1. Banana island, ikoyi Description: Vacant Plot of Land Size: 1,000 SQM Location: Off 3rd Avenue, Banana Island, Ikoyi Title: Federal C of O Price: ₦4,000,000 per SQM 2. Old ikoyi - new arrival Description: Vacant Plot of Land Size: 1,700 SQM Location: Rumens Road, Ikoyi Title: Federal C of O Price: ₦4,200,000 per SQM For Inspection & Further Details: WhatsApp / Call: ️ Y...
Off 3rd Avenue, Banana Island, Ikoyi, Lagos
Healthy Living Topnotch Properties
Premium
3
₦9,100,000,000
Residential land for sale
Lovely Located Waterfront 2275SQM Land with Good Title
This lovely Waterfront land measuring 2,275sqm is located in a nice location in Banana Island Title: Lagos.of.O Price: 4m per sqm. 2275sqm = N9.1B If interested, Stephen Aims Real Estate ltd +2348023146279
Banana Island, Ikoyi, Lagos
2275 sqm
Stephen Aims Real Estate LTD
Premium
2
₦5,000,000per sq.m
Residential land for sale
1998SQM Residential Land
Mixed Use Area : Banana Island Land size: 1998m² Title: Fed. C of O Price: ₦5M per m² (Not Negotiable) Note: 2 Buyers can come together to buy this piece of land Enquiries: +2348094990098 +2349022220601
Banana Island, Ikoyi, Lagos
1998 sqm
Ash Properties & Constructions LTD.
Premium
1
₦4,500,000per sq.m
Residential land for sale
2, 245SQM Waterfront Property
Waterfront property measuring 2,245sqm at the residential zone of Banana island. This property has nested within it a 5 Detached Duplex. An interested buyer can sell the waterfront land and keep the duplex or use as is. Title: Fed & Lagos Title Price: ₦4,500,000 / sqm Contact us Calls: +234 809 4990 098 WhatsApp: +234 902 2220 601, +234 80 3413 5274 AI Sales Agent: +1 (555) 712-3272
Residential Zone, Banana Island, Ikoyi, Lagos
2245 sqm
Ash Properties & Constructions LTD.
Premium
1
₦5,500,000per sq.m
Residential land for sale
Waterfront Land
Waterfront Land: Banana Island Reclaimed waterfront land in 2020 is available for sale in Banana Island. Area: Residential Zone, Banana Island Title: Lagos C of O Land size: 2,235m² Price: ₦5.5M per m² Contact 0809 499 0098 0902 222 0601
Residential Zone, Banana Island, Ikoyi, Lagos
2235 sqm
Ash Properties & Constructions LTD.
Premium
1
₦5,500,000per sq.m
Residential land for sale
Waterfront Land
Waterfront Land: Banana Island Reclaimed waterfront land in 2020 is available for sale in Banana Island. Area: Residential Zone, Banana Island Title: Lagos C of O Land size: 1005m² Price: ₦5.5M per m² Contact 0809 499 0098 0902 222 0601
Residential Area, Banana Island, Ikoyi, Lagos
1005 sqm
Ash Properties & Constructions LTD.
Premium
₦12,930,000,000
Residential land for sale
Prime Waterfront Residential Land
Prime waterfront land measuring 3,403 sqm. Location: Banana Island, Ikoyi, Lagos Price: ₦3.8 Million per sqm Title: Federal C of O Total Price: ₦12.93 Billion Let's Deal! tosi
Banana Island, Ikoyi, Lagos
3403 sqm
The Home Properties. a Division of Onozefe Uzuazor Bridget Enterprise
Premium
₦4,600,000per sq.m
Residential land for sale
5, 300 SQM Waterfront Land with Structure & Jetty
Ref: IK - nse - 3 Description: 5,300 SQM Land - Waterfront - With Structure. Title: Lagos State C of O Location: Banana Island Ikoyi Purpose: Residential Price: 4.6m Per Sqm Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715
Banana Island, Ikoyi, Lagos
5300 sqm
No SQM Escapes
Showing 1–20 of 189 properties
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Area Guide
About Banana Island, Ikoyi
Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. The Island is a man-made island and is shaped like a banana. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate.The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Banana Island has residential and commercial areas, as well as sites for recreational activities
It occupies a sand-filled area of approximately 1,630,000 square metres and is divided into 536 plots (of between 1000 and 4000 square metres in size) mainly arranged along cul-de-sacs. Dwellers in this Island are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks
The average price of residential land for sale in Banana Island, Ikoyi, Lagos is ₦5,000,000 per square meter.
The price of the most expensive residential land for sale in Banana Island, Ikoyi, Lagos is ₦7,140,000,000 per square meter.
The price of the cheapest residential land for sale in Banana Island, Ikoyi, Lagos is ₦3,500,000 per square meter.
There are 189 available residential land for sale in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
