There are 6 land for sale and rent in Itedo Estate as of 13 Oct 2026. 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.
Joint Venture Opportunity -- Itedo Estate, Off Freedom Way, Lekki, Lagos 669 SQM C of O & Deed of Assignment Land Value: ₦1.2M per SQM Premium & Ratification: ₦100M Sharing: 60/40 Proposed: Block of Flats Facilitator's Fee: 10% Property & JV Overview Location: Itedo Estate, off Freedom Way, Lekki, Lagos. Land Size: 669 SQM. Title: Certificate of Occupancy (C of O) & Deed of Assignment -- dual documentation for strong legal backing. Land Value: ₦1,200,000 per SQM. Total Land Value: ₦802,800,000 (≈ ₦802.8 Million). Premium & Ratification: ₦100,000,000 (payable upon JV contract signing). Proposed Development: Block of Flats (multi-storey residential). Sharing Formula: 60/40 (landowner : developer). Facilitator's Fee: 10% of land value (≈ ₦80.28 Million), payable upon JV agreement. Key Highlights Prime Lekki Location: Itedo Estate, off Freedom Way, is a well-developed residential area in Lekki, offering security, good roads, and proximity to major amenities. Strong Dual Title: C of O + Deed of Assignment provides a high level of ownership security and facilitates financing and partnerships. Clear Development Vision: The owner seeks a block of flats -- a well-defined project brief for developers. Premium & Ratification: ₦100M upfront ensures a serious, well-capitalised development partner. Favourable Sharing Ratio: 60/40 in favour of the landowner reflects the value of the titled land in a prime location. Existing Structure: The image shows an existing building on the land, which may be demolished or incorporated into the new development (to be clarified during due diligence). Development Potential a modern block of flats -- likely 3--4 storeys with a mix of 2- and 3-bedroom units. Estimated Unit Count: 8--12 flats (subject to design and density regulations). Amenities: Ground floor parking, lobby, backup power, water treatment, and 24/7 security. Target Market: Professionals, families, and investors seeking quality rental or ownership in Lekki. Location Benefits -- Itedo Estate, Off Freedom Way Secure & Serene Environment: Gated estate with controlled access and organised layout. Proximity to Key Destinations: Minutes from Admiralty Way, Lekki Phase 1, Ikoyi, and Victoria Island. Established Neighbourhood: Surrounded by quality homes, schools, and commercial outlets. High Demand: Properties in this area consistently achieve premium rents and resale values. Financial Structure Land Contribution Value: ₦802.8 Million. Premium & Ratification (Upfront): ₦100 Million -- payable to landowner upon JV contract signing. Developer's Role: Provide 100% of construction financing, project management, and sales/letting. Profit Sharing: 60% Landowner / 40% Developer -- after recovery of agreed development costs. Facilitator's Fee: 10% of land value (≈ ₦80.28 Million), typically paid from the landowner's share upon JV execution. Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the premium payment and 60/40 sharing. 2. Company Profile -- with verifiable evidence of block-of-flats or residential projects completed in Lekki, VI, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale. 4. Preliminary Concept Note -- initial design and timeline aligned with the proposed block of flats. Due Diligence: Upon signing an nda and facilitator fee agreement, the facilitator will provide the C of O, Deed of Assignment, survey, and arrange a site inspection. Clarify the status of the existing structure and its impact on the development plan. Ideal Partner Profile: A reputable real estate development firm with a proven track record in residential projects. Strong financial capacity and ability to fund construction without sole reliance on off-plan sales. Itedo Estate, Lekki -- 669 SQM, C of O + Deed, ₦100M premium, 60/40 sharing, 10% facilitator fee. Serious developers with capacity and track record only.
Off Freedom Way, Lekki, Lagos
669 sqm
Ac Valour International
Premium
3
₦850,000per sq.m
Mixed-use land for sale
Corner-Piece 1, 270 SQM Mixed Use Land
This lands is in already built up area. A corner-piece facing two streets. It has a C of O and Survey plan. It can take a high-rise structure, residential and commercial development are allowed. Already sandfilled.
Itedo Area, Off Freedom Way., Lekki, Lagos
1270 sqm
Eagle Jacobs Realty
Premium
2
₦1,500,000,000
Residential land joint venture
Residential Land
Alma Beach Estate, Ikate, Lekki. Joint Venture. 1,200 SQM. ₦1,500,000,000 Asking. Certificate of Occupancy. Minimum 16 Flats. Sharing Ratio Open to Proposal. Before You Read the Rest of This Listing, Read This: The Price Needs an Answer the Description Doesn't Give. The problem There's a category of Ikate JV land where two nearly identical parcels --- same size, same title type, same general corridor --- can carry wildly different asking prices, and the only way a developer finds out is by actually comparing them side by side instead of taking one listing's number at face value. Most JV land search happens the opposite way. A developer sees an address they recognize --- Alma Beach Estate, Ikate, oceanfront-adjacent --- reads a plausible unit count, and starts modelling a proposal before checking what an essentially identical footprint is trading for two streets over. That's how a developer ends up structuring an equity split against a land value that's double the market's going rate for the same size plot in the same neighborhood. This listing is 1,200sqm, Alma Beach Estate, Ikate. Certificate of Occupancy. ₦1,500,000,000 asking. A minimum of 16 flats requested. Before running a single unit-economics model, the honest first step is putting this number next to what else is trading on the exact same footprint in the same corridor right now. The agitation Here's what that comparison actually shows, and it's not subtle. A separate 1,200sqm JV parcel in Ikate --- the identical size, the identical Lagos C of O title, a 50/50 sharing structure and a 10% facilitator's fee --- is listed at ₦600,000,000. That works out to approximately ₦500,000 per sqm. A 1,000sqm parcel behind Pinnacle Marwa, Ikate, on Governor's Consent, is asking ₦650,000,000, or ₦650,000/sqm. A 1,192sqm corner piece at Itedo Estate off Freedom Way, Ikate, is asking ₦500,000,000 plus a ₦40,000,000 premium --- approximately ₦419,463/sqm all-in. A larger 3,512sqm parcel on Gbangbala Street, Ikate, sand-filled and fenced, is asking ₦650,000/sqm. This listing --- 1,200sqm at ₦1,500,000,000 --- works out to approximately ₦1,250,000 per sqm. Against four independently listed Ikate JV comparables clustering between ₦419,463 and ₦650,000 per sqm, that's not a modest premium. It's roughly double to triple the corridor's going rate on land of comparable or larger size. Is there a legitimate reason for that gap? Possibly. Alma Beach Estate specifically markets itself on proximity to the Ikate-Elegushi oceanfront, and a genuine beachfront or near-beachfront position inside a gated estate can command more than raw JV land elsewhere in Ikate. A 10,000sqm outright parcel at Alma Beach Estate, described as fenced and near the ocean front, sold for ₦700,000,000 total --- which on a per-sqm basis is actually far cheaper than this listing (≈₦70,000/sqm), though outright sale pricing on a much larger, likely undeveloped parcel isn't a clean apples-to-apples comparison against a 1,200sqm JV plot. What that comparison does confirm is that Alma Beach Estate itself isn't inherently a premium-priced address in every transaction type --- which makes the ₦1,250,000/sqm rate on this specific 1,200sqm JV parcel even harder to explain without a specific justification from the seller: exact plot position, direct beach frontage, or a stated reason this parcel differs materially from the ₦419,463--₦650,000/sqm Ikate comparables above. We're not resolving that question for you. A developer evaluating this deal should ask the agent directly, in writing, what specifically justifies this parcel's rate against the four comparables cited --- and should not proceed to a sharing-ratio proposal until that answer holds up. The solution 1,200 square metres, Alma Beach Estate, Ikate, Lekki. Certificate of Occupancy. ₦1,500,000,000 asking value. Minimum proposal: 16 flats. Sharing ratio open to developer proposal. Premium: 10% of value. Facilitator's fee: 10% of value. Here is what a developer should actually evaluate before proposing terms: A specific, checkable unit benchmark. Sixteen flats minimum on 1,200sqm gives a concrete density target to model --- verify feasible floor count and permitted density with Lagos State planning before committing to a sharing ratio, since the 16-unit figure needs to be tested against actual buildable floor area, not accepted as automatically achievable. Certificate of Occupancy. A recognized title instrument. Confirm it's a full C of O and not a lesser instrument like the Governor's Consent or Elegushi C of O seen on comparable Ikate parcels --- title type materially affects how this parcel should be valued against the comparables above. Alma Beach Estate, Ikate. A named estate address with genuine proximity to the Ikate-Elegushi oceanfront corridor --- a real locational asset, but one whose actual premium over generic Ikate JV land needs to be demonstrated with this specific parcel's exact position, not assumed from the estate name alone. Open sharing ratio. The owner hasn't fixed the equity split --- genuine room for a developer to structure a ratio around their real construction cost basis, provided the underlying land valuation used to anchor that ratio is itself defensible. Combined 20% transaction cost on a disputed base value. The 10% premium and 10% facilitator's fee are both calculated on the ₦1.5B asking value --- meaning if that base value is inflated relative to the corridor's actual going rate, the fees compound the overpayment rather than simply sitting on top of a fair number. Why the comparables matter more than the address here. A developer proposing a sharing ratio against an inflated land value effectively gives away more of the completed development's equity than the land is actually worth. Anchoring the negotiation to the ₦419,463--₦650,000/sqm range already trading in Ikate --- and asking the seller to justify anything above it --- protects the developer's actual return before a single foundation is poured. The call to action 1,200sqm. Alma Beach Estate, Ikate, Lekki. ₦1,500,000,000 asking --- well above the ₦419,463--₦650,000/sqm range currently trading on comparable Ikate JV parcels. C of O. Minimum 16 flats. Sharing ratio open to proposal. 10% premium, 10% facilitator's fee. The buyer for this parcel is a developer who will not accept the asking value at face value, and who will require the agent or owner to justify it directly against the four comparables cited above before structuring any sharing-ratio proposal. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask specifically: what justifies this parcel's per-sqm rate against comparable Ikate JV land currently trading at less than half this price? Serious developers only. Request the specific justification for the asking price, in writing, before proposing terms. The unit count is already set at a minimum of 16. The title is stated as C of O --- confirm that in writing before anything else. The number that actually matters isn't the asking price on this page. It's whether anyone can justify the gap between it and everything else trading two streets over. Land Type: Residential Land --- Joint Venture Size: 1,200 sqm Asking Value: ₦1,500,000,000 (≈₦1,250,000/sqm --- flagged as significantly above corridor comparables; verify justification before proceeding) Proposal Requirement: Minimum 16 flats Sharing Ratio: Open --- developer to propose Title: Certificate of Occupancy (C of O) --- confirm instrument type in writing Premium: 10% of value Facilitator's Fee: 10% of value Location: Alma Beach Estate, Ikate, Lekki, Lagos (Meadow Hall axis) NPC/Market Comparable Context (Ikate JV land): 1,200sqm, Ikate, Lagos C of O, 50/50 sharing --- ₦600,000,000 (≈₦500,000/sqm) 1,000sqm, behind Pinnacle Marwa, Ikate, Governor's Consent --- ₦650,000,000 + ₦50M premium (≈₦650,000/sqm) 1,192sqm corner piece, Itedo Estate off Freedom Way, Ikate --- ₦500,000,000 + ₦40M premium (≈₦419,463/sqm) 3,512sqm, Gbangbala St, Ikate, Governor's Consent, sand-filled --- ≈₦650,000/sqm (₦2,282,800,000) 10,000sqm, Alma Beach Estate, oceanfront, outright sale --- ₦700,000,000 (≈₦70,000/sqm) This listing: 1,200sqm, Alma Beach Estate, Ikate --- ₦1,500,000,000 (≈₦1,250,000/sqm) Posted: 31 August 2026 Listed by: Smilebay Realties Limited --- Ref: #364-931-7
Meadow Hall Axis, Ikate, Lekki, Lagos
Smilebay Realties Limited
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Featured
6
₦950,000,000
Residential land for sale
Residential Land Measuring 910SQM
Land for Sale Fantastic corner piece land located behind Dome Church off Freedom Way, Itedo Lekki Lagos. Land Size: 910sqm Title : C of O & Deed of Assignment Price : 950million naira only.
Behind Dome Church Off Freedom Way, Lekki Phase 1, Lekki, Lagos
Breathing Space
Featured
₦850,000
Land for sale
Land
For sale ️ The sale of 1,500 plot at Grace Waters Estate land at Itedo Waterfront, Lekki Peninsula Price: 850k per sqm Title: Federal CofO Completely sand filled dry land. Ref no chi
Prime commercial property for sale -- Itedo Market Place, Lekki. A rare 870sqm commercial property in a prime location! An exceptional opportunity to acquire a fully fenced and gated 870sqm plot of land strategically located within Itedo Market Place, Lekki. This property offers an excellent opportunity for investors, developers, and businesses seeking a strategic commercial location with strong development potential. Property Details: - Plot Size: 870sqm - Status: Fully Fenced & Gated - Price: 850m (Negotiable) Title Documents: - Registered Survey - Deed of Assignment - Governor's Consent - All Title Documents Intact Ideal for: - Shopping Mall - Plaza / Commercial Complex - Retail Centre - Office Complex - Mixed Commercial Development - Other high-value commercial projects Strategic proximity: The property enjoys excellent accessibility and proximity to major landmarks and commercial corridors, including: - Admiralty Way - Freedom Way - Lekki Phase 1 - Foreign Embassies & Diplomatic Areas - Major Commercial & Residential Districts This is more than just land --- it is a strategic commercial investment in one of Lekki's highly sought-after locations. Contact: zodar nig Ltd for inspection, documentation and purchase enquiries. Video is available for serious client
Itedo Freedom Way, Lekki, Lagos
870 sqm
Top Choice Properties Limited
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About Lekki, Lagos
Lekki is a city located in the eastern part of Lagos. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast which ends at around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA.
The peninsula is approximately 70 to 80km long, with an average width of 10km. Lekki currently houses several Estates, gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone, with an airport, and a sea port under construction. The proposed land use master plan for the Lekki envisages the Peninsula as a "Blue-Green Environment City", expected to accommodate well over 3.4 million residential population and an additional non-residential population of at least 1.9 million.
