1,709sqm Corner Plot Lekki Foreshore Estate, Lekki Phase 1

Every Developer in Lekki Phase 1 Knows What Admiralty Way Commands.
This Corner Plot in Lekki Foreshore Is How You Get There
Before the Market Catches Up.

THE PROBLEM
There is a gap in Lekki Phase 1 that experienced Lagos developers understand precisely --- and that most people outside the market never see clearly enough to act on.
It is the gap between what land trades for inside a gated Lekki Phase 1 estate on a tarred, dual-access road, and what the finished product sells for when the building is done and the address is "Admiralty Way" or "Lekki Phase 1."
That gap --- between acquisition cost and exit value --- is where Lagos real estate fortunes have been built for twenty years.
The developers who caught Lekki Phase 1 at the right entry point did not do it by buying on Admiralty Way at peak pricing. They did it by buying in the adjacent corridors, the gated estates, the well-titled plots just inside the Phase 1 boundary --- and developing up to the standard that the Admiralty Way buyer was already paying for.
They bought the gap. They built into the premium. They closed the distance between entry price and exit value with concrete and steel.
Lekki Foreshore Estate, Lekki Phase 1, is that gap --- today, right now --- at ₦850,000 per square metre.

THE AGITATION
Here is what the professional Lagos capital allocator who misses this moment will feel twelve months from now.
Not regret in a vague sense. Specific, measurable regret.
Lekki Phase 1 land inventory moves in one direction. The available parcels inside established, gated estates with functional road infrastructure and dual access gates --- the kind that a serious developer can break ground on without remediation, without access negotiation, without surveying drama --- are finite. They are absorbed by buyers who act when the opportunity is visible, and they do not re-enter the market at the same price.
The developer who acquired in Lekki Foreshore two years ago is not selling at ₦850k/sqm. They are either building or holding at a number that reflects what the corridor has done since they entered.
The developer who acquires today at ₦850k/sqm and develops a multi-unit residential building benchmarked against Admiralty Way's current sale prices will, at exit, be describing this acquisition price as the decision that made the project work. The margin lives in the entry. The entry is now.
And there is a specific detail about this particular parcel that narrows the window further: it is a corner unit. Corner plots in any established residential estate transact before equivalent internal plots because developers with active projects recognise the advantage immediately. Once this conversation becomes widely known, the single-parcel whole will not last.

THE SOLUTION
1,709 square metres. Corner position. Lekki Foreshore Estate, Lekki Phase 1. ₦850,000 per square metre. Tarred road. Dual-gate estate access. Owner willing to split.
This is an active opportunity at a current market price with a specific, named exit thesis --- and the exit thesis is stated by the seller himself: develop and sell at Admiralty Way comparative value.
Here is what this plot actually delivers for each buyer profile:
For the developer acquiring the full 1,709sqm (₦1,452,650,000):
A corner plot of this size in Lekki Foreshore is a multi-unit residential development site. Two street-facing frontages means two vehicle access options for the finished building --- a design advantage that translates directly into a more attractive product for the end buyer. Better ingress. Better visual presence from two approaches. A finished building that looks like it belongs on Admiralty Way, because architecturally it has the same corner-plot geometry.
At current Lekki Phase 1 pricing for developed multi-unit residential buildings --- apartments, duplexes, or mixed configurations --- the exit value per sqm of built area is materially above the ₦850k/sqm land acquisition cost. The construction cost sits between those two numbers. The margin is what the developer takes. On 1,709sqm of corner land in Lekki Foreshore, that margin is the reason this conversation exists.
For two buyers splitting the parcel --- 1,000sqm (₦850,000,000) and 700sqm (₦595,000,000):
The owner has confirmed willingness to sell separately. Both sub-parcels remain in the same Lekki Foreshore Estate, same tarred road, same dual-gate access infrastructure. The 1,000sqm parcel is a standalone development site. The 700sqm parcel --- close in size to the 600sqm outright plot previously available in this same estate --- is a viable site for a high-specification private residence or a boutique development unit. Neither sub-parcel is a compromise. Both acquire at the same ₦850k/sqm net rate.
The dual-gate estate access --- Freedom Way and Admiralty Way --- is a development infrastructure advantage, not just a commute convenience. For a building under construction, dual access means materials and contractors can move efficiently without creating a single-point access bottleneck. For the completed building's residents, dual access means the Lekki-Epe toll gate backup never traps them in the estate. For the exit buyer evaluating the finished property, dual access is a concrete differentiation from single-entry alternatives. It adds value at every stage of the development lifecycle.
Tarred road throughout the estate. The access infrastructure is done. You are not acquiring land and hoping the road follows. The road is there. Site visits happen today. Construction starts on your schedule, not the estate's infrastructure timeline.
₦850,000/sqm is the seller's net price. This is not a headline rate with agency loaded on top as a surprise at the offer stage. The ₦850k/sqm is what the seller receives. Agency and legal are transacted separately and transparently. At Admiralty Way comparable development exit pricing, the acquisition cost is correctly positioned where the seller says it is: at the entry end of the Lekki Phase 1 value spectrum.
️ Title documentation: Confirm with agent before submitting any offer. At this acquisition value, your solicitor must review the title instrument --- whether Federal C of O, Governor's Consent, or Deed of Assignment --- before any funds are committed. Documentation should be available for review. If it is not immediately producible, treat that as a due diligence item to resolve before proceeding.

THE CALL TO ACTION
This listing was posted today.
Corner plots in Lekki Foreshore Estate at ₦850k/sqm net, on a tarred road with dual Admiralty Way and Freedom Way gate access, with the owner confirmed willing to split for two separate buyers --- do not stay in conversation indefinitely.
The developer who runs the numbers once knows what the Admiralty Way exit thesis means for this parcel's development margin. The buyer who has been watching Lekki Foreshore for the right entry knows this is it.
Whole parcel: ₦1,452,650,000. One buyer. Full corner advantage.

Split option: ₦850M (1,000sqm) + ₦595M (700sqm). Two buyers. Same estate, same access, same price per sqm.
Confirm title documentation. Schedule a site visit.
Call or WhatsApp Smilebay Realties: +234 901 517 4801
The Admiralty Way premium exists because buyers there paid for it.
This is how you build it instead of paying it.

1,709sqm Corner Plot Tarred Road Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos
Price: ₦850,000/sqm net Total: ₦1,452,650,000
Split Option A: 1,000sqm = ₦850,000,000 Split Option B: 700sqm = ₦595,000,000
Dual Gate Access: Freedom Way + Admiralty Way
Title: [Confirm --- Federal C of O / Governor's Consent / Deed --- verify before offer]
Listed Today: June 20, 2026 Smilebay Realties Limited Ref: 3535016