Nigeria Property Centre

Residential Land in Banana Island, Ikoyi, Lagos

There are 205 land for sale and rent in Banana Island. 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.

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₦8,500,000,000

Residential land joint venture

1700 SQM Land

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 Zone, Banana Island, Banana Island, Ikoyi, Lagos
1700 sqm
Ambuiltech Project & Services Ventures LTD
Plots of Land
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1
₦4,000,000,000

Residential land for sale

Plots of Land

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

Off 2nd Avenue, Banana Island, Ikoyi, Lagos
Vallecano Ventures
1400 SQMS Land
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1
₦6,500,000,000

Residential land joint venture

1400 SQMS Land

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

Banana Island, Ikoyi, Lagos
Smilebay Realties Limited
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₦4,485,000,000

Residential land for sale

897SQM Dry Land

897sqm dry land in a close available for sale in the residential area of banana island, Ikoyi available for sale. It is currently selling @5m per square meter... Price ...4.485B Title ...Federal CofO... For serious and cash ready client please...

Banana Island, Ikoyi, Lagos
Pearlaanconsult & Realties
1030SQM Corner Piece Land
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1
₦5,150,000,000

Residential land for sale

1030SQM Corner Piece Land

1030sqm well located dry and a corner piece land in banana island, Ikoyi available for sale.. It is selling @5m per square meter net price.. Price ...5.150B Title ... federal CofO... For serious and cash ready client only please ...

Banana Island, Ikoyi, Lagos
1030 sqm
Pearlaanconsult & Realties
Residential Land
Premium
5 Video
₦4,500,000 per sq.m

Residential land for sale

Residential Land

For sale prime banana island development land a rare opportunity to acquire 1,000sqm of premium land in the heart of Banana Island, Ikoyi, Lagos---one of Africa's most exclusive luxury real estate destinations. This offering is especially attractive because there are ready buyers already positioned to acquire two separate 500sqm portions, creating an opportunity for a seamless transaction and immediate liquidity. Location: Banana Island, Ikoyi, Lagos Land Size: 1,000sqm Price: ₦4.5 Million per sqm Located in Nigeria's most prestigious residential enclave. Ideal for luxury residential development or long-term capital appreciation. Strong demand from high-net-worth investors and developers. Existing buyers are already on ground for two 500sqm allocations, making this a highly marketable transaction. Secure environment with premium infrastructure and world-class neighborhood. Serious investors and qualified buyers only. Coach Henry -- The Real Estate Doctor Siyonique Integrated Services LTD +234 813 837 1196

Banana Island, Ikoyi, Lagos
1000 sqm
Siyonique Integrated Services
885 SQM Original Allotted Plot
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1
₦5,000,000 per sq.m

Residential land for sale

885 SQM Original Allotted Plot

Prime property Prime location Non sandfilled Original Allotted Fed cfo Others available August

Banana Island, Ikoyi, Lagos
Vallecano Ventures
Waterfront 2245SQM Land and a House on It
Premium
4
$7,000,000

Residential land for sale

Waterfront 2245SQM Land and a House on It

Waterfront property measuring, 2245m² sqm and a building on it for sale. 314 Close Lagos & Fed. Title Asking Price: $7m

Banana Island, Ikoyi, Lagos
2245 sqm
D&D Properties
Rare 2, 270SQM Direct Waterfront Plot of Land
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7
₦9,100,000,000

Residential land for sale

Rare 2, 270SQM Direct Waterfront Plot of Land

A large premium expanse of direct waterfront land measuring 2,270 square metres available for sale in Banana Island, Ikoyi --- Lagos most prestigious residential address. Property Details: - Location: Banana Island, Ikoyi, Lagos - Land Size: 2,270 sqm - Price: ₦9.1B usd 6.1M - Title: Certificate of Occupancy (FC of O) - Category: Residential Land - Positioning: Direct Waterfront Description: It is a rare opportunity to acquire a substantial direct waterfront parcel in the heart of Banana Island. Large-format plots of this size are increasingly scarce within the estate. This luxury waterfront plot of land in Banana Island offers premium waterfront frontage within Nigeria's most prestigious residential estate. The land is ideal for: - Ultra-luxury private mansion development - Waterfront estate compound - High-end redevelopment project - Long-term capital appreciation investment Banana Island remains the benchmark for luxury real estate in Nigeria, known for its exclusivity, security, infrastructure, and strong asset value preservation. Serious enquiries and buyers only. Contact us to schedule a tour. About Banana Island, Ikoyi Banana Island is Lagos' most prestigious and exclusive residential address, located in Ikoyi on Lagos Island. Known for its secure, gated environment and meticulously planned infrastructure, it is home to Nigeria's elite, top executives, diplomats, and high-net-worth individuals. The estate features wide roads, underground utilities, reliable power supply, and premium waterfront properties with direct lagoon access. With its privacy, luxury developments, and strong property value appreciation.

Banana Island, Ikoyi, Lagos
2270 sqm
Ejo Properties Limited
Prime 5300 SQM Waterfront Plot
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1
₦4,700,000 per sq.m

Residential land for sale

Prime 5300 SQM Waterfront Plot

5300 sqm waterfront plot close to adenuga house 3rd avenue Fed cfo Serious buyer only

Banana Island, Ikoyi, Lagos
Vallecano Ventures
1300SQM of Land
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1
₦3,600,000 per sq.m

Residential land for sale

1300SQM of Land

Hollar

Banana Island, Ikoyi, Lagos
Crown Property Global Consultant
Waterfront Land
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₦5,500,000 per sq.m

Residential land for sale

Waterfront Land

Banana Island waterfront plot for sale* Plot measuring 850sqm at 3rd Avenue , J zone Price: N5. 5m/ per sqm Title: Fed G.Consent. Call: kland Realtors 08028836825

Banana Island, Ikoyi, Lagos
850 sqm
Kland Realtors
10, 000 SQM Waterfront Land
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1
₦3,500,000 per sq.m

Residential land for sale

10, 000 SQM Waterfront Land

_*exclusive residential waterfront sale 10,000SQM reclaimed banana island ₦3.5M/SQM dual C of O _* Attention: Visionary Developers & Capital Groups 10,000SQM of reclaimed waterfront on Banana Island. This is not land. This is a legacy on water. Property Snapshot: - Location: Banana Island Waterfront, Ikoyi, Lagos - Size: 10,000 SQM Reclaimed Land - Title: Dual C of O - Federal & Lagos State. All documents intact - Price: ₦3.5M per SQM WHY smart money is moving: 1. Waterfront Scarcity: The last real waterfront left on Banana 2. Value: Waterfront = 3x appreciation. Build towers, hotel, or ultra-luxury estate 3. Title: Dual C of O. Bankable. Investable. Sellable 4. Timing: Banana is 100% sold out. This is your entry Serious Buyers with Proof of Funds Only.

Banana Island, Ikoyi, Lagos
10000 sqm
5050properties
2025SQM Land
Premium
1
₦4,200,000 per sq.m

Residential land for sale

2025SQM Land

Exclusive sale once-in-a-lifetime corner piece 2025SQM close 313 banana island ₦4M - ₦4.2M/SQM dual C of O own africa's richest address Attention: Uhnw Investors & Elite Developers This is ,banana island. Stop chasing land. Own the street that defines wealth. Property Snapshot: - Location, Banana Island, Ikoyi, Lagos - Size: 2025 SQM Corner Piece - _Owner can sell entire or 1000SQM - - Title: Dual C of O - Federal & Lagos State. Bankable & Bulletproof - Price: ₦4M - ₦4.2M per SQM WHY this will BE gone in days: 1. Rarity: Corner pieces on Banana Island do not hit the market 2. Prestige: Your address alone commands 2x value. Status + Security + Waterfront views 3. Scale: Build 1 mega mansion or 6 ultra-luxury units. Rental demand is insane 4. Certainty: Dual C of O. No stories. No wahala. Just equity Opportunity of a decade. For serious buyers with Proof of Funds Only.

Banana Island, Ikoyi, Lagos
2025 sqm
5050properties
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₦5,000,000 per sq.m

Residential land for sale

900SQM, Waterfront Bare Land

Banana island direct sale Waterfront approx 900sqm land on 3rd Avenue Title: Fed.C.of.O Price: N5m per sqm JTEgwu

3rd Avenue, Banana Island, Ikoyi, Lagos
900 sqm
Bncglobal
Prime 1280SQM Land Residential Zone
Premium
1
₦6,000,000 per sq.m

Residential land for sale

Prime 1280SQM Land Residential Zone

Banana Island, Ikoyi, Lagos
1280 sqm
Ulodoye Estate Surveyors and Valuers
Prime 1200SQM Land
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₦6,000,000 per sq.m

Residential land for sale

Prime 1200SQM Land

Banana Island, Ikoyi, Lagos
1200 sqm
Ulodoye Estate Surveyors and Valuers
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$18,000,000

Residential land for sale

5, 300SQM Land

For*Sale* banana island, ikoyi, lagos* Land size:-5,300sqm Title:- C of O Land Value:- $18M The land owner is readily available for closure. Vol 23 4

Banana Island, Ikoyi, Lagos
5300 sqm
Crestforesight Homes & Properties LTD
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₦4,000,000 per sq.m

Residential land for sale

Prime Waterfront Land Measuring 2, 700+ SQM Located at Residential Zone

Prime Waterfront Land Measuring 2,700+ sqm Located at Residential Zone in Banana Island, Ikoyi, Lagos This is a rare opportunity to acquire a premium waterfront development site in the prestigious Banana Island at an exceptional distress price. Strategically located in the highly sought-after Residential Zone, this expansive parcel offers an outstanding investment opportunity for luxury developers, institutional investors, and high-net-worth individuals. With breathtaking waterfront potential and situated within Nigeria's most exclusive residential enclave, this property is perfectly suited for a landmark luxury development. Opportunities to secure waterfront land in Banana Island at this price point are exceptionally scarce, making this an investment with significant upside potential. This distress offering presents a unique chance to secure a prime waterfront parcel below prevailing premium market expectations, making it an exceptional acquisition for both immediate development and long-term investment. Property Highlights Prime waterfront location with excellent development potential Situated within the prestigious Residential Zone Ideal for ultra-luxury residential or investment development Surrounded by premium waterfront mansions and world-class developments Secure, serene, and highly exclusive neighborhood Excellent accessibility via the Banana Island road network Strong capital appreciation and rental income potential Rare distress sale offering exceptional value in one of Africa's most prestigious residential communities ** Ideal Development Opportunities - Luxury Waterfront Mansion - Ultra-Luxury Residential Estate - Premium Serviced Apartments - Branded Residences - Luxury Condominium Development - Private Family Compound - Investment Land Banking Title: Lagos State C of O, price N4,000,000 per sqm Survey available Image code: CPP LD397 To schedule a viewing, send a dm or call, +234 813 868 2907 or, +234 911 064 9112

Banana Island, Ikoyi, Lagos
2700 sqm
Casa Prime Realty
2, 000SQM Corner Piece Land for Sale
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₦4,500,000 per sq.m

Residential land for sale

2, 000SQM Corner Piece Land for Sale

Dry Corner piece Land For Sale in Banana Island. Option 2: 2000 sqm - Corner piece (Can be shared by 2 buyers) Price: 4.5M Per square meter Area: Residential Title: CofO Contact: 09043135508

Banana Island, Ikoyi, Lagos
2000 sqm
Dannaproperties

Showing 21–40 of 205 properties

Area Guide

About Banana Island, Nigeria

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

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There are 205 available residential land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.