There are 179 land for sale and rent in Banana Island as of 5 Sep 2026, with an average price of ₦7.8B. 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 179 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
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.
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
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
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
Residential land for sale
For sale > rare double banana island offer N9.41B + ₦8.87B = ₦18.28B total 2 prime plots FGN C of O The richest zip code in africa is trading (1) Prime residential 310 Close, Banana Island 1,960.540 SQM ₦4.8M per SQM total: ₦9,410,592,000 FGN C of O Build your ultra-luxury waterfront mansion on the most prestigious street in Nigeria. 71 years of generational wealth. (2) Mixed-use cornerpiece Banana Island, Ikoyi Approx 1,970 SQM ₦4.5M per SQM total: ₦8,865,000,000 ️ Highrise Development Approved FGN C of O Corner location. Perfect for Grade-A Tower, 5-Star Hotel, or Mixed-Use that prints cash. Banks will fight to fund this. WHY this won't last: Banana Island plots trade once every few years. 3,930SQM combined with FGN C of O is unicorn-level rare. This isn't just land. It's a monopoly on status + liquidity. For: Serious Buyers. Real Developers. Family Offices Only Proof of Funds Required. No Inspections Without pof.
Residential land for sale
Exclusive & premium waterfront land - 3RD avenue, banana island N13Billion total 2,600SQM ₦5M per SQM direct waterfront Location: Off 3rd Avenue, Banana Island Estate, Ikoyi, Lagos Title: Lagos State C of O - Dry, Table Land, 100% Reclaimed Use: Residential / Luxury Waterfront Development WHY this stands out: - Direct Waterfront with unobstructed lagoon views - Serene & Secure estate with 2nd & 3rd Avenue infrastructure - Ready to Build - No sandfilling required Price: ₦5,000,000 per sqm Total: ₦13,000,000,000 Mode: Semi Direct with Owner _Serious Buyers & Developers Only. Proof of Funds Required._ Contact: _Owner's Representatives_ WhatsApp / Call: ️ Y........
Residential land for sale
Banana island waterfront -- 7,800 SQM rare bulk land. Federal C of O ₦5M per sqm Direct Shoreline Talking to the mandate!!! Massive waterfront parcel with clean title. Ideal for ultra-luxury estate or boutique development. Location: Banana Island, Ikoyi, Lagos Land Size: 7,800.415 sqm [per survey plan] Frontage: Direct shoreline/waterfront Title: Federal Certificate of Occupancy Price: ₦5Million per sqm = ₦39Billion total Why it's a standout: - 7,800 sqm is rare on Banana Island. Most plots are 1,000-4,500 sqm - Direct shoreline frontage gives maximum waterfront value and view - Federal C of O for secure, bankable transaction - Perfect for a private compound, luxury villa estate, or high-end residential project Provisional survey copy available. Serious buyers only for inspection and due diligence. PS Survey will be made available upon request
Residential land for sale
Prime 500 Sqm Land Located in Banana Island
Residential land for sale
A strategically located prime property in the heart of banana island Ikoyi Lagos... Ideal for residential purposes... Pay and build with federal C of O... 3.5m psqm!
Residential land for sale
Available land deals for sale Banana island ikoyi 1000sqm or 500Sqm 4M per SQM. 309 close
Residential land for sale
1960sqm of residential premium land for sale In banana Island, price : 9.41B Title fed c of o Contact 09169725780. Slightly negotiable for serious buyer ready to close. Inspection and documentation ready to verified buyers only. Contact 09169725780
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 Let's Deal! Ubo
Showing 1–20 of 179 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 residential land in Banana Island, Ikoyi, Lagos is ₦7,800,000,000.
The price of the most expensive residential land in Banana Island, Ikoyi, Lagos is ₦39,000,000,000.
The price of the cheapest residential land in Banana Island, Ikoyi, Lagos is ₦4,500,000.
There are 179 available residential land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
Prices for residential land in Banana Island, Ikoyi, Lagos range from ₦1,300,000 to ₦39,000,000,000.
