Unfurnished Property in Banana Island, Ikoyi, Lagos
There are 2,998 flats, houses, land and commercial properties for sale and rent in Banana Island as of 11 Aug 2026, with an average price of ₦2.2B. 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.
Direct clients preferable Luxury 3 bedroom apartment in Banana Island Estate Rent: N35M per annum Service charge: N6m diesel deposit N1m Agency & legal fees applicable Call Prince Ademola Osinuga International now to pay & move in immediately
5 Bedroom Detached House with 1 Room Service Quarters
For lease Property Description: 5 Bedroom Detached House with 1 Room Service Quarters Features: - Gym House - Swimming Pool - Security Gatehouse Location: 501 Close, Off 5th Avenue, Banana Island, Ikoyi, Lagos Rent: ₦150M per annum
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
5 Parking
Tenvo Ventures
Premium
12
₦65,000,000/yr
Flat / apartment for rent
Prestigious Luxury 4 Bedroom Apartment
Just out 4-Bedroom Apartments Banana Island, Ikoyi Live in one of Lagos' most prestigious addresses. Features: - 4 En-suite Bedrooms + BQ - Swimming Pool - Elevator - Standby Generator - Water Treatment Plant - Ample Parking - Professionally Managed Development - Located in the highly secure Banana Island Estate Location: Banana Island, Ikoyi Rent: ₦65,000,000 per annum Legal fees 10% Agency 10% Contact G today to schedule an inspection or for more information. G....c
Banana Island, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
Divine Concept Construction/Realtors
Premium
22
$4,800,000
Detached duplex for sale
Ultra Luxury 6 Bedroom Fully Detached Duplex with BQ, Cinema and Pool
Ultra luxury 6 bedroom fully detached duplex with bq,cinema and swimming pool in banana island Ikoyi Price :$4.8M
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
3 Parking
Walse Luxury and Properties
Premium
15
₦5,500,000,000
Detached duplex for sale
Ultra Luxury 6 Bedroom Duplex with BQ, Cinema, Pool and a Gym
Ultra luxury 6 bedroom fully detached duplex with bq, cinema, gym in a serene and secure Estate in ikoyi . Price : 5.5B
Ultra luxury 5 bedroom fully detached dupex with 2 bq , cinema , gym , swimming pool , water treatment in banana island Ikoyi $4.5m
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
3 Parking
Walse Luxury and Properties
ADVERTISEMENTResponsive
Premium
10
₦6,800,000,000
Detached duplex for sale
Super Luxury Waterfront 6 Bedroom Fully Detached Duplex
Direct brief Super luxury waterfront 6bedroom fully detached duplex in a mini estate with Elevator, family lounge, swimming pool, automated gate, 2rooms BQ and Private Jetty for Sale Price: 6.8B Naira Title: CofO Location: Residential Part of Banana Island, Ikoyi
Banana Island, Ikoyi, Lagos
6 beds
6 baths
7 toilets
6 Parking
Laser Estate Services
Premium
7
₦125,000,000/yr
Detached duplex for rent
Luxury 5-Bedroom Fully Detached House with 2-Room Service Quarters
For lease: Description: Luxury 5-Bedroom Fully Detached House with 2-Room Service Quarters Location: Residential part of Banana Island, Ikoyi Rent: N125 million per annum Agency, Legal & Caution deposit 10% each
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
5 Parking
Laser Estate Services
Premium
6
₦65,000,000/yr
Flat / apartment for rent
Premium 4 Bedroom Apartments
CW09542 Premium 4 Bedroom Apartments in Ikoyi Experience luxury living in the exclusive Banana Island Estate, Ikoyi. These premium 4-bedroom apartments offer spacious interiors, premium amenities, and professional property management within one of Lagos' most prestigious and secure residential communities. With only six units available, this development is ideal for those seeking privacy, comfort, and convenience. Property Features 6 Premium 4-Bedroom Apartments Available All Bedrooms En-suite Boys' Quarters (BQ) Two-Wing Development Across Three Floors Swimming Pool Elevator (Lift) Standby Generator Water Treatment Plant Ample Parking Space Gatehouse Dedicated Management Office (3 Rooms) Professionally Managed & Well-Maintained Development * Located Within the Highly Secure Banana Island Estate, Ikoyi Ideal Tenant Perfect for corporate executives, expatriates, diplomats, and families seeking a premium residence in one of Lagos' most exclusive and secure neighborhoods. Rent ₦65,000,000 per annum For more Information, Pricing and Private Viewings Please Contact: Nadi: 09062511345 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
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
C W Real Estate
Premium
1
₦8,400,000,000
Flat / apartment for sale
Off Plan 4-Bedroom Penthouse Apartment
Off Plan 4-Bedroom penthouse in L5 Banana, Banana Island, Ikoyi.
L5, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
F. a. Esan Consulting
Premium
1
₦2,400,000,000
Flat / apartment for sale
Off Plan 4-Bedroom Apartment
Off Plan 4-Bedroom Apartment in banana Island for Sale with excellent facilities.
L5, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
F. a. Esan Consulting
ADVERTISEMENT750 × 120
Premium
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
Premium
19
₦60,000,000/yr
Detached duplex for rent
Exquisite 6 Units of 4 Bedroom Mansion with Pool
Exquisite duplex for rent at banana island Now we are letting below mansion with the following amenities alone in the compound in a serene environment of Banana Island Ikoyi Features - Six units of 4-bedroom apartments - Swimming pool - Fitted bathroom - Fitted kitchen - All rooms en-suite - BQ - 24-hour security - CCTV cameras - Fire Alarm - AC's in all rooms Price : N60M Agency : 10% Legal : 10% Service Charge : Self.
Banana Island, Ikoyi, Lagos
24 beds
25 baths
25 toilets
20 Parking
Winfort Resources Limited
Premium
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
Premium
10
₦6,300,000,000
Block of flats for sale
7 Units of 3 Bedroom Luxury Apartments
Waterfront luxury apartment building -- banana island, ikoyi, lagos a rare opportunity to acquire an exclusive waterfront residential development comprising Seven (7) Units of Luxury 3-Bedroom Apartments with Boys' Quarters (BQ) in the prestigious Banana Island, Ikoyi, Lagos. Asking Price: ₦6.3 Billion Property Highlights: 7 Units of spacious 3-Bedroom Apartments with BQ Prime waterfront location with exceptional views All bedrooms en-suite Spacious living and dining areas Fully fitted air-conditioning Swimming pool Fully equipped gymnasium Relaxation terrace Passenger lift Standby generator Gatehouse with 24-hour security Dedicated management office Ample parking Premium finishes throughout This trophy investment presents an excellent opportunity for investors seeking a high-value income-generating asset or a premium residential holding in one of Lagos' most exclusive neighbourhoods. The waterfront setting, luxury amenities, and prime Banana Island location ensure strong rental demand and long-term capital appreciation.
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
Kmoyo Empire
Premium
9
₦5,500,000,000
Detached duplex for sale
5 Bedroom Detached Duplex
Description: Luxury 5 Bedroom Detached Duplex with 2 bqs (all en-suite). Site Area:400 sqms Location:Banana Island Residential Price:N5.5B Title: Lagos State C of O and Building Approval. Completion period: July 2026 Amenities/Features - Security doors - CCTV cameras - Bullet proof doors - multiple private terraces. - Roof terrace. - Bathtub. - En-suite Toilet with grade a European fittings - 3 sitting rooms. - Panoramic Elevator - Dining room. - Kitchen Fully equipped with miele appliances and a store. - Laundry room with miele appliances. - Study. - Kitchenette. - Staff area with 2 rooms all en-suite. - home office room. - Fully fitted gym - Changing room. - Toilet & shower. - Storage space. - Infinity swimming pool. - Water treatment. - air conditioning - a security house.. - 2 storage spaces. - Beautiful landscaping.
Luxury Waterfront 5 Bedroom Fully Detached Duplex with 2rooms Bq, all rooms en-suite, Study, fitted kitchen, Elevator, Cinema, fitted Air conditioning units, Swimming pool, Reverse Osmosis Water treatment plant etc located Off Banana Island Road, Ikoyi. Price is N5.5B ono.
Banana Island, Ikoyi, Lagos
5 beds
5 baths
5 toilets
Starriest Global Properties
Premium
₦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
Premium
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
Premium
19
₦60,000,000/yr
Flat / apartment for rent
6 Units of 4 Bedrooms Apartments + BQ Each, Swimming Pool
For Rent 6 Units Of Spacious 4 Bedroom Apartments With BQ each, Swimming Pool etc for rent Banana Island, Ikoyi Features - Six units of 4-bedroom apartments - Swimming pool - Fitted bathroom - Fitted kitchen - All rooms en-suite - BQ - 24-hour security - CCTV cameras - Fire Alarm Price : 60M Agency : 10 percent Legal : 10 percent Service Charge : 5m Diesel deposit 4m
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
3 Parking
360 Degree Properties LTD
Premium
22
₦1,000,000,000
Flat / apartment for sale
Luxury 3-Bedroom Waterfront Apartment with BQ
3-Bedroom Waterfront Apartment with BQ - Banana Island - ₦1BN For Sale: Luxury waterfront 3-bedroom apartment with Boys' Quarters, located in the prestigious Banana Island, offering premium finishes and exceptional lifestyle amenities. Location: Banana Island, Lagos Price: ₦1,000,000,000 Title: C of O Comes With: Boys' Quarters - Waterfront view - Swimming pool - Gym - Sit-out lounge - Spacious living areas - All rooms ensuite - Modern fitted kitchen - Ample parking - Secure environment - Prime location - Luxury finishing
Banana Island Estate, Banana Island, Ikoyi, Lagos
3 beds
3 baths
3 toilets
Powerful Property Consult
Showing 481–501 of 2,998 properties
ADVERTISEMENTResponsive
Area Guide
About Banana Island, Ikoyi
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
The average price of furnished flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦2,200,000,000.
The price of the most expensive furnished flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦26,000,000,000.
The price of the cheapest furnished flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦3,800,000.
There are 2,998 available furnished flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
