There are 409 land for sale and rent in Banana Island as of 24 Aug 2026, with an average price of ₦4.5M. 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.
61–81 of 409 properties
Land for sale
Prime land measuring 2,000sqm for sale in Banana Island.
Ubosi Eleh & Co
Verified Agent
Residential land for sale
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
Residential land for sale
*️land for sale*️ Waterfront land measuring 700sqm at Banana Island, (Residential area). Price - N4.5billion (asking) Title- Lagos C of O Land has a Jetty, Building Approval and Foundation Ownerbana302
Residential land for sale
Direct land sale in banana island * description : 1000sqms water view land at 3rd Avenue( residential part) Ready to build title : Fed C of O price : N4M per sqm( Negotiable) Survey and video are available for serious buyers Feli As
Residential land for sale
Waterfront plot in banana island Waterfront plot off 3rd Avenue. Land measuring 852sqm with embankment. The land is ready for immediate development Title: Federal Consent Price: 5m/sqm
Land for sale
Just in: For sale * Ready to build fenced 1,000 SQL land for sale. Location: ---------------------- Banana Island, Ikoyi zone: ---------------- Residential size: ------------- 1000qm (Can take Two Detached Houses) title: - Federal C of O price: -- ₦3,500,000 Per/sqm Note: Frontage is 49.80 meters Homes
Land for sale
Land for sale in banana island ikoyi 4,227.185qm waterfront plot (old layout) at Mixed Zone Area, Off 4th Avenue, Banana Island, Ikoyi, Lagos. Title: Federal C of O Price: ₦3.8M per sqm
Residential land for sale
Prime 500 Sqm Land Located in Banana Island
Residential land for sale
Direct buyers preferable land 2,000 SQMTS in residential zone within banana island estate price: N4,500,000 per SQMT call prince ademola osinuga international now to buy immediately
Residential land for sale
Bareland measuring 4,227sqm at the mixed use area of Banana island. Fed. C of O ₦3.8m/ m² Contact us Calls: +234 809 4990 098 WhatsApp: +234 902 2220 601, +234 80 3413 5274 AI Sales Agent: +1 (555) 712-3272
Residential land for sale
Residential Front Plot measuring 500sqm at Banana is available for sale Details: Land Size: 500m² Land Title: Fed. C of O Location: Situated off 3rd Avenue Land Type: Drive-In , Original Layput Price: ₦2Bn Contact: 0902 222 0601 (WhatsApp Only) 0809 499 0098 (Phone Calls Only) 0803 413 5274 (Charles)
Land for sale
Uniquely Positioned Plots -- Banana Island Situated within the Original layout, tucked away on a quiet street off 2nd Avenue. Land size: 4800sqm Title: Lagos State C of O Price: ₦5,800,000 / m² Contact us +2348094990098 +2349022220601 +2348034135274
Residential land joint venture
Joint venture @banana island ikoyi Size - 3000sqm Value: 12Billion Proposal: open Title :c of o Premium: Nil Fees: 10% Net. None negotiable.
Residential land joint venture
Banana island zero premium JV just out Land size:- 1,700sqm Residential zone. Land title:- lasg C of O Land value:- #8.5Billion (not negotiable). Proposal:- Proposal open, but must include one Detached house for the land owner Sharing ratio:- 50/50 (not negotiable) Agency fee:- 10% of total land value net. PLS note The Developer must have traceable completed projects in either Ikoyi, Victoria Island or Banana Island. No agent is permitted to write on behalf of the developer, all letters must be written on the company letter head papers of the developer and signed by him or his director The developer should also indicate in his loi the construction company he'll be engaging for this project. The agency fee's letter must come separately too. The developer should indicate in his loi that he's ready to include one Detached house in the compound for the land owner
Residential land for sale
We have different sizes, location with Lagos title 2nd avenue fed cfo 500ms to 5000ms Aug. 1280. July. 600. Geog 4m and 4,5m per
Residential land joint venture
Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7
Land for sale
Land for sale at Banana Island Lagos. Landowner is selling 1000sqm, there's buyer on ground for 500sqm ready to close alongside another picking up the remaining 500sqm) Price is 4.5 million Naira per sqm net: N2.250 billion Naira Austin S.
Land for sale
Corner Placed Land For Sale at the Mixed Use area of Banana Island Land size: 900m² Land Title: Lagos Title Price: ₦5Bn Contact us +234 809 4990 098 +234 902 2220 601 +234 803 4135 274
Residential land for sale
Waterfront property measuring, 2245m² sqm and a building on it for sale. 314 Close Lagos & Fed. Title Asking Price: $7m
Residential land for sale
5300 sqm waterfront plot close to adenuga house 3rd avenue Fed cfo Serious buyer only
Land for sale
A rare opportunity to acquire a premium parcel of land in the prestigious Banana Island, Ikoyi, Lagos, Nigeria's most exclusive residential address. Measuring approximately 2,500 square metres, this exceptional plot is ideal for the development of a luxury private residence, mini-estate, serviced apartments, or an ultra-premium investment project. Property Highlights - Land Size: 2,500sqm - Location: Banana Island, Ikoyi, Lagos - Premium Residential Neighborhood - Excellent Road Network - Suitable for Luxury Development - High Appreciation Potential - Secure and Well-Planned Environment Banana Island remains the preferred location for high-net-worth individuals, business executives, diplomats, and investors seeking security, exclusivity, and long-term capital appreciation. Investment Potential Banana Island continues to record strong demand from both local and diaspora investors. Large plots in this location are increasingly scarce, making this a valuable long-term asset and wealth preservation opportunity. Price Breakdown Price Per Square Metre - ₦5,300,000 per sqm Total Purchase Price - ₦13,250,000,000 Approximate Dollar Equivalent* - usd $9.5 Million *Equivalent calculated at approximately ₦1,400/usd and subject to prevailing exchange rates. Nearby Landmarks - Old Ikoyi - Parkview Estate - Foreshore Estate - Victoria Island - Lekki Phase 1 - High-end schools, embassies and corporate headquarters Also if you own land for sale in Banana Island do well to reach out to us to assist you in selling to our high net worth portfolio of ready-to-buy clients. Serious enquiries only. Ejo Properties Limited Luxury Real Estate Advisory Sales Lettings Property Marketing
Showing 61–81 of 409 properties
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 land in Banana Island, Ikoyi, Lagos is ₦4,500,000 per square meter.
The price of the most expensive land in Banana Island, Ikoyi, Lagos is ₦6,000,000 per square meter.
The price of the cheapest land in Banana Island, Ikoyi, Lagos is ₦3,500,000 per square meter.
There are 409 available land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
