There are 401 land for sale and rent in Banana Island as of 5 Sep 2026, with an average price of ₦5B. 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.
1–20 of 401 properties
Residential land for sale
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 land for sale
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: 1,230m² Price: ₦5.5M per m² Contact 0809 499 0098 0902 222 0601
Residential land for sale
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
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
Land for sale
Premium waterfront land available in Ikoyi Parkview Extension, a fast-developing luxury waterfront district. Available Sizes: - 1,000sqm --- ₦1.7 Billion Title: Certificate of Occupancy (C of O) Key Highlights - Direct waterfront positioning - Views of Banana Island, Ocean Parade and the Ikoyi skyline - Ideal for a luxury residence or high-end development - Strong investment and capital appreciation potential - Located within a growing luxury waterfront enclave For enquiries, inspections, and further details, contact ejo Properties Limited.
Land for sale
Banana island direct waterfront 1,000sqm of prime waterfront land. Rare. Irreplaceable. Strategically positioned. For the discerning investor, private buyer or developer who understands the value of owning the right land in the right address. DM or WhatsApp "waterfront" for details & private inspection. 08039426967
Residential land for sale
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.
Residential land joint venture
Joint Ventures N20billion banana island land joint venture n2billion facilitator's fee 5,000 SQM C of O ikoyi, lagos developer-only mandate design ready immediate closure Property Highlights: Location: Banana Island, Ikoyi, Lagos Size: 5,000 sqm Title: Lagos State Certificate of Occupancy -- C of O Land Value: ₦20,000,000,000 Premium: Nil Facilitator's Fee: ₦2,000,000,000 [10% Net] Status: Design Available Owner Ready for Immediate Closure Proposed Development: 21 Units total - 3 Detached Houses - 1st -- 4th Floor: 4 x 4 Bedroom + 1 x 5 Bedroom = 16 Units - Penthouse Level: 2 x 5 Bedroom Penthouses Sharing Ratio: TBD Developer requirements: Company Profile + Detailed Proposal + pof + Performance Record + Facilitator's Fee Letter + loi Special note: Owner preference: Developer with existing or ongoing Banana Island project for verification.
Land joint venture
Over 1 acre of prime land for joint venture on Milverton Road, Old Ikoyi, Lagos. Land Size: 4,630.52 sqm Site Configuration: One continuous JV site comprising 2 adjoining parcels Parcel Sizes: 2,340.32 sqm & 2,290.20 sqm Preferred Development Option: Luxury single or twin-tower development of 9--11 floors or more. Construction to be handled by a verified and experienced contractor. Sharing ratio: Subject to mutual agreement with the landowner Title: Lagos State C of O Land Value: ₦4.5 Million per sqm Property Path: - Prestigious Milverton Road address in Old Ikoyi - Ultra-luxury residential market with strong demand from HNIs, executives & expatriates - Scarcity of large development sites, supporting premium development potential - Strategic access to Victoria Island, Banana Island, Falomo & other key Lagos business districts Only direct clients or principal mandates are welcome. Kindly note that inquiries from third parties will not be responded to.
Residential land joint venture
JV opportunity Location: Banana Island Road - Ikoyi Lagos Key Details: - Land size: 4,000 SQM - Land Value: ₦4.5m Per SQM - Proposal: Maisonette & apartments - Facilitators' Fees: 10% - Sharing Ratio: TBD Note: Owner wants a building on the 1,000 SQM for himself and 3,000 SQM with block of flats/maisonette High-rise. Experience developer is a must with proof of funds BS
Land for sale
CWL1769 a rare opportunity to acquire 860SQM of prime residential land in the prestigious Ikoyi, Lagos. With a Federal Certificate of Occupancy (C of O) and a strategic location within one of Ikoyi's most sought-after residential communities, this property is ideally suited for the development of a luxury private residence or premium residential project. Property Details Property Type Residential Development Land Location Ikoyi, Lagos Land Size 860 SQM Price ₦3,000,000 Per SQM Total Asking Price ₦2,580,000,000 Title Federal Certificate of Occupancy (Fed C of O) Property Specifications Prime location within Osborne Phase 1 860SQM land area Federal C of O Suitable for luxury residential development Excellent accessibility within Ikoyi Located within a prestigious and secure residential community Investment Highlights Premium Osborne Phase 1 address Secure title documentation Ideal site for luxury residential development Strong long-term investment potential Excellent location for private homeowners, developers, and investors Convenient access to Banana Island, Bourdillon, Victoria Island, and major business and lifestyle destinations This 860SQM residential land in Osborne Phase 1, Ikoyi presents an excellent opportunity to secure a well-titled parcel in one of Lagos' most prestigious residential neighbourhoods. Asking Price ₦2,580,000,000 Price Per SQM ₦3,000,000 Land Size 860 SQM Title Federal Certificate of Occupancy (Fed C of O) For more Information, Pricing and Private Viewings Please Contact: Rose: 08149226187 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate
Land for sale
Prime land measuring 2,000sqm for sale in Banana Island.
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
Residential land joint venture
Joint Venture Opportunity Alert Location : Banana Island Estate Road, Ikoyi, Lagos Key Details: . Land size: 4,000 SQM . Land Value: ₦4.5m Per SQM . Proposal: Maisonettes & Apartments . Facilitators' Fees: 10% . Sharing Ratio: TBD note: Owner wants a building on the 1,000 SQM for himself and 3,000 SQM with block of flats/maisonette High-rise. Experience Developer is a must with proof of Funds. Olajbatdangbe
Residential land for sale
️ For sale -- banana island, ikoyi a prime corner piece development site measuring 1,906sqm, strategically located at Banana Island, one of Lagos' most prestigious residential addresses. Location: Banana Island, Ikoyi Land Size: 1,906sqm Price: ₦5,000,000 per sqm Property Highlights Prime Corner Piece ️ Excellent Development Opportunity Suitable for Luxury Residential Development Secure & Exclusive Environment Call to book your private inspection today
Land for sale
CWL1643 Premium Waterfront 852sqm Land in Ikoyi Own a rare waterfront land parcel in the prestigious Banana Island, Ikoyi. This 852sqm plot offers an exclusive opportunity to develop a luxury waterfront residence or a high-end investment property in one of Lagos' most affluent and sought-after neighborhoods. Property Details Location: Banana Island, Ikoyi, Lagos Property Type: Waterfront Residential Land Land Size: 852sqm Title: Federal Certificate of Occupancy (C of O) Price: ₦5,000,000 per sqm Property Highlights Prime Waterfront Location Prestigious Banana Island Address Federal Certificate of Occupancy (C of O) Serene & Exclusive Environment Excellent Accessibility Premium Investment Opportunity Suitable Development Options Luxury Waterfront Mansion High-End Private Residence Boutique Luxury Development Executive Family Home Investment Highlights One of Lagos' Most Exclusive Addresses Exceptional Capital Appreciation Potential Secure Federal Title Documentation Strong Demand for Luxury Properties Prime Long-Term Investment Asset Ideal Buyer This property is ideal for high-net-worth individuals, luxury home developers, private investors, and anyone looking to build an iconic waterfront residence in Banana Island. Price ₦5,000,000 per sqm Location Banana Island, Ikoyi, Lagos Land Size 852sqm Property Type Waterfront Residential Land for more information, pricing and private viewing Please Contact: Emmanuel: 09088072106 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate
Residential land joint venture
8000sqm Prime Waterfront Land for Luxury Residential JV Development The property comprises approximately 8,000 SQM of prime waterfront land, with the option to divide into two portions, making it suitable for phased development. Development Purpose - Luxury Residential Development - Ultra-luxury apartments - Waterfront mansions - Premium high-end real estate project commercial terms Land Value: ₦4.5 Million per SQM Indicative Land Value: ₦36 Billion Premium: ₦2 Billion --- deductible from the Owners' Share Facilitators' Fee: 10% Title: Registered Supreme Court Judgment Location: 2nd Avenue, Banana Island, Ikoyi, Lagos
Residential land for sale
️ For sale -- prime residential land, banana island, ikoyi a rare opportunity to acquire 6,170sqm of prime residential land within the original layout of Banana Island. One of the largest contiguous plots available, positioned for high value redevelopment and long term capital appreciation. Plots of this size almost never come to market, especially in a location where supply is already fully absorbed. Property Overview - Land Size: 6,170sqm - Prime Residential Zone, Banana Island - ️ Existing Structure on Site (can be retained and remodeled or redeveloped) - Title: Certificate of Occupancy Why This Stands Out - Large scale land holding in a tightly held, high value location - Suitable for remodeling or redevelopment into a luxury estate or units of private residences - Strong scarcity advantage as Banana Island approaches full build out - Clear, bankable title suitable for institutional or private acquisition Price: ₦28,000,000,000 In this market, scale is the real advantage. And land like this does not circulate often. Call to book your private inspection today
Residential land for sale
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 jm
Land for sale
ULTRA-Prime Development Land Measuring 2,281 SQMS on bourdillon road, old ikoyi, ikoyi, lagos This is a rare opportunity to acquire an exceptional parcel of land in one of Nigeria's most prestigious and exclusive locations. Positioned on the iconic Bourdillon Road in Old Ikoyi, this premium property offers an outstanding investment for discerning developers, corporate institutions, and high-net-worth individuals seeking to establish a landmark project in Lagos' most coveted neighborhood. Whether your vision is an ultra-luxury residential development, premium serviced apartments, an exclusive corporate headquarters, diplomatic residences, boutique hospitality, or a mixed-use masterpiece, this property presents the perfect canvas for a world-class development. Properties along Bourdillon Road are exceptionally scarce, making opportunities like this highly desirable among institutional investors and private developers. Its strategic location, enduring prestige, and consistent appreciation in land value make this acquisition not just a purchase, but a long-term wealth-building investment. Whether developed immediately or held as a premium land bank, this property offers significant potential for substantial returns. Why This Property Stands Out Located on one of the most prestigious roads in Lagos. Surrounded by luxury residences, embassies, diplomatic missions, multinational corporations, and premium commercial developments. Excellent road network with seamless connectivity to Osborne Foreshore, Banana Island, Victoria Island, Falomo, and the Lekki Peninsula. A secure, serene, and highly sought-after environment known for its exclusivity and enduring property value. Suitable for immediate redevelopment with immense capital appreciation potential. Ideal for investors seeking premium returns in Lagos' luxury real estate market. Ideal Development Options - Luxury High-Rise Residential Apartments - Premium Serviced Apartments - Ultra-Luxury Condominium Development - Exclusive Detached Villas - Corporate Headquarters - Diplomatic Residence - Boutique Luxury Hotel - Mixed-Use Commercial Development - Investment Holding for Future Capital Appreciation Features Prime Road frontage Premium address Excellent accessibility Highly secure environment Ideal for luxury residential or commercial development Prestigious neighborhood Strong investment potential Title : Federal Govt C of O Price N4,700,000 per square meters. Image code: CPP LD395 To schedule a viewing, send a dm or call, +234 813 868 2907 or, +234 911 064 9112
Showing 1–20 of 401 properties
By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.
Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.
The average price of land in Banana Island, Ikoyi, Lagos is ₦5,000,000,000.
The price of the most expensive land in Banana Island, Ikoyi, Lagos is ₦40,500,000,000.
The price of the cheapest land in Banana Island, Ikoyi, Lagos is ₦3,000,000.
There are 401 available land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
Prices for land in Banana Island, Ikoyi, Lagos range from ₦1,300,000 to ₦60,000,000,000.
