There are 601 land for sale and rent in Ikoyi as of 3 Sep 2026, with an average price of ₦4M. 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.
5093SQM Ultra-Prime Waterfront Land with Luxury Mansion
5,093sqm Ultra-Prime Waterfront Land with Luxury Mansion a truly scarce opportunity for an ultra-luxury private residence, family compound, premium redevelopment or strategic long-term investment in one of Ikoyi's most coveted waterfront locations. The property comprises a detached waterfront mansion sitting on 3,839 SQM, with an additional 1,254 SQM, giving a total land area of 5,093 SQM. Property Details - Total Land Area: 5,093 SQM - Mansion Footprint: 3,839 SQM - Additional Area: 1,254 SQM - Title: Lagos State Land Certificate - Price: ₦5.5 Million per SQM Location: Queens Drive, Off Bourdillon Road, Ikoyi, Lagos
Queen's Drive, Off Bourdillon Road, Ikoyi, Lagos
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Jonela Concept
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₦3,300,000per sq.m
Residential land for sale
Residential Land
For Sale Location: Osborne Foreshore Phase 1, Ikoyi. Price at N3.3M/SQM Available plot: - Plot C = 900.01SQM - Plot D = 1020.193SQM
Osborne, Ikoyi, Lagos
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Irade Lights Nigeria Enterprise
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1
₦4,500,000
Residential land joint venture
Joint Ventures Development Partnership
Joint venture opportunity -- milverton road, ikoyi location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Total Plots= 4,629.52 Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference:* - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury development. Interested developers/investors are welcomed to engage. (MTom)
Milverton Road, Ikoyi, Lagos
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4629 sqm
Leaders Properties Limited
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₦3,000,000per sq.m
Residential land for sale
Residential Land
Land measuring 900m² and 1020m² available for sale on Udi street, Osborne phase 1, Ikoyi. Price: ₦3,000,000 per sqm Title: Federal C of O
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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₦1,500,000per sq.m
Residential land for sale
3, 127.4 SQ.M Land Waterfront
Land for sale Location: Royal Palm Drive, Osborne Phase 2, Ikoyi. With Waterfront Size: 3,127.4 sq.m Title: Federal C of O Price: N1.5m per sqm. No picture/ video Dm for inspection Vol 23 47
Royal Palm Drive, Osborne Phase 2, Osborne, Ikoyi, Lagos
3127 sqm
Crestforesight Homes & Properties LTD
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₦2,100,000
Residential land for sale
Land Measured 2, 913 Square Metres, Fenced, Gated
Prime land for sale parkview estate, ikoyi, lagos Land measured 2,913 square metres, fenced, gated Location: Parkview Estate, Ikoyi, Lagos Land Size: 2,913 SQM Title: C of O Status: Fenced & Gated Price: ₦2.1M per Sqm This land is not a reclaimed land Vol 24 4
Parkview, Ikoyi, Lagos
2913 sqm
Crestforesight Homes & Properties LTD
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₦2,500,000per sq.m
Residential land for sale
800 Square Metres of Land
For sale Description : 800 Square metres of land Location : Soule Street, Parkview Estate, Ikoyi. Price : ₦2.5m/Sqm Title : C of O Vol 24 31
1600sqm of land on Bourdilon road by falomo, ikoyi. 3,500,000 per sqm Not more than 3 floors Approved Vol 24 34
Bourdilon Road, Falomo, Ikoyi, Lagos
1600 sqm
Crestforesight Homes & Properties LTD
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₦4,000,000per sq.m
Residential land for sale
Residential Land Measuring 2997SQM
For sale 4 million/sqm asking Land measuring 2997 sqm Location: Ilabere, Ikoyi Lagos Vol 25 6
Ilabere Ikoyi Lagos, Ikoyi, Lagos
2997 sqm
Crestforesight Homes & Properties LTD
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₦4,500,000
Residential land joint venture
4000SQM of Land in a Well Secured Area
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
Banana Island, Ikoyi, Lagos
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4000 sqm
David Moren Property Services
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₦2,000,000per sq.m
Residential land for sale
1000SQM of Land
Just out for sale 1000sqm Land with Lagos State C of O Price is 2 Million per square meter. Olajbatdangbe
Olusegun Aina Street, Parkview, Ikoyi, Lagos
1000 sqm
David Moren Property Services
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₦13,500,000
Residential land joint venture
3000SQM Residential Land
Joint venture Land Size: 3,000sqm Location: Kingsway, Ikoyi, Lagos. Land value: #4.5m per sqm Title: C of O Proposal: up to 12 floors Sharing Ratio: 60:40% Premium: nill Facilitators: 10% Net Note: - Send expression of interests & project proposal. - facilitators' fee's letter 10% Net. - construction company profile.
Kingsway, Ikoyi, Lagos
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3000 sqm
M.B.B Property & Legal Services
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₦5,000,000per sq.m
Residential land for sale
Juicy Land in a Secured Estate
️ 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
Banana Island, Ikoyi, Lagos
1906 sqm
Deherculean Enterprises
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₦7,200,000,000
Residential land for sale
A Premium Waterfront Land
A Premium Waterfront Land waterfront shoreline plot land size-1200sqm title-gov consent price: ₦7.2BILLION(ONO)
Shoreline Estate, Ikoyi, Lagos
1200 sqm
Deherculean Enterprises
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₦8,810,227,630
Residential land joint venture
Residential Land on Glover Road
Joint venture opportunity Glover road, ikoyi Land Details: - Survey: Available - Location: Glover Road, Ikoyi - Size: 1,878.729 sqm - Title: Lagos C of O - Premium: Nil - Land Value: ₦4.700,000 per Sqm - Mou: Subject to agreement - Development Preference: Luxury Residential Apartments
Glover Road, Ikoyi, Lagos
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Gripzace Realty LTD
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₦5,000,000per sq.m
Residential land for sale
Well Located Prime 850SQM Waterfront Land
Well located in a serene close is this beautiful piece of waterfront land already fenced. Size: 850sqm selling at; N5m/Sqm.net Total; N4.5b slight neg Title: Fed. C of O If interested, Stephen Aims Real Estate Ltd +2348023146279
Banana Island, Ikoyi, Lagos
850 sqm
Stephen Aims Real Estate LTD
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₦4,500,000,000
Residential land for sale
Residential Land
For sale Location: Alexander Road, Ikoyi Land Size: 1,504sqm Title: Federal Certificate of Occupancy Price: ₦4.5B Preciou
Alexander Road, Ikoyi, Lagos
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1504 sqm
Charis Estate
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₦4,320,000,000
Residential land for sale
1600SQM Residential Land
Distress sale Prime land measuring 1,600sqm with an old structure, strategically located on the prestigious polo club road south-west, Ikoyi. Title: Perfected Legal Mortgage (Bank Sale) Note: Buyer pays operational fee of 5% net An excellent acquisition opportunity in one of Lagos' most exclusive addresses. Price: ₦2,700,000 per sqm
Polo Club Road, Ikoyi, Lagos
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1600 sqm
Amzat Odu LTD
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₦10,500,000,000
Residential land joint venture
A Land Measuring 2, 340.32 SQM
Joint venture opportunity -- milverton road, ikoyi Location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference: - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury developmen. Interested developers/investors are welcome to engage. #awdeZ
Milverton Road, Ikoyi, Lagos
2340 sqm
Awodd Properties LTD
Showing 1–20 of 601 properties
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Area Guide
About Ikoyi, Lagos
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.
