Banana Island, Ikoyi, Lagos
₦3,100,000,000
| Property Ref: 3079862 | Added On: 07 Sep 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 1,000 sqm |
NOTICE: *DIRECT BUYER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
Listing Title:
Prestigious and Prime 1,000 sqm Residential Land, Banana Island, Ikoyi ---
Title: Federal C of O
Asking: 3,100,000,000
Overview:
Rare opportunity to acquire a premium 1,000 sqm residential land parcel on Banana Island, Ikoyi --- offered under semidirect instruction. Located in one of Lagos' most prestigious enclaves, this wellproportioned plot (frontage 49.80 m) can comfortably accommodate two detached luxury houses or a single highend estate. The land is offered with a Federal Certificate of Occupancy (Federal C of O), making it an ideal acquisition for HNW individuals, embassies, developers or endusers seeking an ultraprime address.
Key Details:
- Property type: Vacant residential land
- Size: 1,000 sqm
- Frontage: 49.80 metres
- Zone: Residential
- Location: Banana Island, Ikoyi, Lagos
- Title: Federal Certificate of Occupancy (Federal C of O)
- Sale type: SemiDirect Instruction
- Asking price: 3,100,000 per sqm
- Indicative total price: 3,100,000,000
Location & Strategic Advantages:
- Iconic Banana Island address --- unparalleled prestige, security and exclusivity
- Highly soughtafter neighbourhood with limited land supply and strong longterm capital appreciation
- Close proximity to key commercial and recreational nodes in Ikoyi and Victoria Island
- Estate infrastructure and managed environment: planned roads, drainage and estate security enhance development readiness and resident lifestyle
Development Potential & Use Cases:
- Two detached luxury mansions (as stated) with private gardens, pools and staff quarters
- Single exclusive private estate or bespoke family compound
- Corporate/consular residence or highend executive housing (subject to regulatory approvals)
- Potential for bespoke smallscale highvalue redevelopment (subject to planning permissions)
Title, Documents & Transfer:
- Title: Federal C of O --- clear and transferable. Original documents and survey plan available for verified buyers
- Seller to provide necessary paperwork on request to serious purchasers
Due Diligence & Technical Considerations:
Prospective buyers are advised to undertake customary checks, including:
- Title verification and chain of ownership review (inspect original Federal C of O)
- Onsite boundary verification and inspection against survey plan
- Planning/zoning confirmation with relevant authorities (permitted setbacks, coverage, FAR)
- Geotechnical and flood risk assessment as part of project planning
- Utility and infrastructure checks (estate service provisions, access points, water/power availability)
Price, Terms & Additional Costs:
- Asking price per sqm: 3,100,000
- Indicative total price for 1,000 sqm: 3,100,000,000
- Price may be negotiable depending on payment terms and buyer qualification
- Buyer to cover customary acquisition costs (legal fees, stamp duty, transfer fees, agency fees) unless otherwise agreed
Viewing & Next Steps:
- Site inspections and document review available by appointment for serious/qualified buyers
- Photo gallery, survey plan and title copies available on request after proof of seriousness
- Virtual/video tour can be provided for remote investors
- Recommended next steps: request documents, schedule an onsite visit, instruct legal/title search and commission technical surveys
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Ref: Remi
