Smilebay Realties Limited

Chevron Dr 4, FL 2 Lekki, Lagos, Nigeria

10 years on Nigeria Property Centre smilebay.estateagentsng.com

Chevron Dr 4, FL 2 Lekki, Lagos, Nigeria

10 years on Nigeria Property Centre smilebay.estateagentsng.com

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40 Active Active listings

33 For sale For sale

4 For rent For rent

0 Short let Short let

4 Areas Areas covered

Areas covered

4 areas across Lagos

Lekki 20 Victoria Island (VI) 11 Ikoyi 8 Eko Atlantic City 1

1480 sqms located at Belavista estate directly off freedom way, ikate, Lekki phase 1 1.2M per sqm. Global c of o and gazette Registered Deed of assignment

Freedom Way, Lekki Phase 1, Lekki, Lagos

Residential Land — Meadow Hall Axis, Ikate, Lekki, Lagos

Premium

₦1,500,000,000

Residential land joint venture

Residential Land

Alma Beach Estate, Ikate, Lekki. Joint Venture. 1,200 SQM. ₦1,500,000,000 Asking. Certificate of Occupancy. Minimum 16 Flats. Sharing Ratio Open to Proposal. Before You Read the Rest of This Listing, Read This: The Price Needs an Answer the Description Doesn't Give. The problem There's a category of Ikate JV land where two nearly identical parcels --- same size, same title type, same general corridor --- can carry wildly different asking prices, and the only way a developer finds out is by actually comparing them side by side instead of taking one listing's number at face value. Most JV land search happens the opposite way. A developer sees an address they recognize --- Alma Beach Estate, Ikate, oceanfront-adjacent --- reads a plausible unit count, and starts modelling a proposal before checking what an essentially identical footprint is trading for two streets over. That's how a developer ends up structuring an equity split against a land value that's double the market's going rate for the same size plot in the same neighborhood. This listing is 1,200sqm, Alma Beach Estate, Ikate. Certificate of Occupancy. ₦1,500,000,000 asking. A minimum of 16 flats requested. Before running a single unit-economics model, the honest first step is putting this number next to what else is trading on the exact same footprint in the same corridor right now. The agitation Here's what that comparison actually shows, and it's not subtle. A separate 1,200sqm JV parcel in Ikate --- the identical size, the identical Lagos C of O title, a 50/50 sharing structure and a 10% facilitator's fee --- is listed at ₦600,000,000. That works out to approximately ₦500,000 per sqm. A 1,000sqm parcel behind Pinnacle Marwa, Ikate, on Governor's Consent, is asking ₦650,000,000, or ₦650,000/sqm. A 1,192sqm corner piece at Itedo Estate off Freedom Way, Ikate, is asking ₦500,000,000 plus a ₦40,000,000 premium --- approximately ₦419,463/sqm all-in. A larger 3,512sqm parcel on Gbangbala Street, Ikate, sand-filled and fenced, is asking ₦650,000/sqm. This listing --- 1,200sqm at ₦1,500,000,000 --- works out to approximately ₦1,250,000 per sqm. Against four independently listed Ikate JV comparables clustering between ₦419,463 and ₦650,000 per sqm, that's not a modest premium. It's roughly double to triple the corridor's going rate on land of comparable or larger size. Is there a legitimate reason for that gap? Possibly. Alma Beach Estate specifically markets itself on proximity to the Ikate-Elegushi oceanfront, and a genuine beachfront or near-beachfront position inside a gated estate can command more than raw JV land elsewhere in Ikate. A 10,000sqm outright parcel at Alma Beach Estate, described as fenced and near the ocean front, sold for ₦700,000,000 total --- which on a per-sqm basis is actually far cheaper than this listing (≈₦70,000/sqm), though outright sale pricing on a much larger, likely undeveloped parcel isn't a clean apples-to-apples comparison against a 1,200sqm JV plot. What that comparison does confirm is that Alma Beach Estate itself isn't inherently a premium-priced address in every transaction type --- which makes the ₦1,250,000/sqm rate on this specific 1,200sqm JV parcel even harder to explain without a specific justification from the seller: exact plot position, direct beach frontage, or a stated reason this parcel differs materially from the ₦419,463--₦650,000/sqm Ikate comparables above. We're not resolving that question for you. A developer evaluating this deal should ask the agent directly, in writing, what specifically justifies this parcel's rate against the four comparables cited --- and should not proceed to a sharing-ratio proposal until that answer holds up. The solution 1,200 square metres, Alma Beach Estate, Ikate, Lekki. Certificate of Occupancy. ₦1,500,000,000 asking value. Minimum proposal: 16 flats. Sharing ratio open to developer proposal. Premium: 10% of value. Facilitator's fee: 10% of value. Here is what a developer should actually evaluate before proposing terms: A specific, checkable unit benchmark. Sixteen flats minimum on 1,200sqm gives a concrete density target to model --- verify feasible floor count and permitted density with Lagos State planning before committing to a sharing ratio, since the 16-unit figure needs to be tested against actual buildable floor area, not accepted as automatically achievable. Certificate of Occupancy. A recognized title instrument. Confirm it's a full C of O and not a lesser instrument like the Governor's Consent or Elegushi C of O seen on comparable Ikate parcels --- title type materially affects how this parcel should be valued against the comparables above. Alma Beach Estate, Ikate. A named estate address with genuine proximity to the Ikate-Elegushi oceanfront corridor --- a real locational asset, but one whose actual premium over generic Ikate JV land needs to be demonstrated with this specific parcel's exact position, not assumed from the estate name alone. Open sharing ratio. The owner hasn't fixed the equity split --- genuine room for a developer to structure a ratio around their real construction cost basis, provided the underlying land valuation used to anchor that ratio is itself defensible. Combined 20% transaction cost on a disputed base value. The 10% premium and 10% facilitator's fee are both calculated on the ₦1.5B asking value --- meaning if that base value is inflated relative to the corridor's actual going rate, the fees compound the overpayment rather than simply sitting on top of a fair number. Why the comparables matter more than the address here. A developer proposing a sharing ratio against an inflated land value effectively gives away more of the completed development's equity than the land is actually worth. Anchoring the negotiation to the ₦419,463--₦650,000/sqm range already trading in Ikate --- and asking the seller to justify anything above it --- protects the developer's actual return before a single foundation is poured. The call to action 1,200sqm. Alma Beach Estate, Ikate, Lekki. ₦1,500,000,000 asking --- well above the ₦419,463--₦650,000/sqm range currently trading on comparable Ikate JV parcels. C of O. Minimum 16 flats. Sharing ratio open to proposal. 10% premium, 10% facilitator's fee. The buyer for this parcel is a developer who will not accept the asking value at face value, and who will require the agent or owner to justify it directly against the four comparables cited above before structuring any sharing-ratio proposal. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask specifically: what justifies this parcel's per-sqm rate against comparable Ikate JV land currently trading at less than half this price? Serious developers only. Request the specific justification for the asking price, in writing, before proposing terms. The unit count is already set at a minimum of 16. The title is stated as C of O --- confirm that in writing before anything else. The number that actually matters isn't the asking price on this page. It's whether anyone can justify the gap between it and everything else trading two streets over. Land Type: Residential Land --- Joint Venture Size: 1,200 sqm Asking Value: ₦1,500,000,000 (≈₦1,250,000/sqm --- flagged as significantly above corridor comparables; verify justification before proceeding) Proposal Requirement: Minimum 16 flats Sharing Ratio: Open --- developer to propose Title: Certificate of Occupancy (C of O) --- confirm instrument type in writing Premium: 10% of value Facilitator's Fee: 10% of value Location: Alma Beach Estate, Ikate, Lekki, Lagos (Meadow Hall axis) NPC/Market Comparable Context (Ikate JV land): 1,200sqm, Ikate, Lagos C of O, 50/50 sharing --- ₦600,000,000 (≈₦500,000/sqm) 1,000sqm, behind Pinnacle Marwa, Ikate, Governor's Consent --- ₦650,000,000 + ₦50M premium (≈₦650,000/sqm) 1,192sqm corner piece, Itedo Estate off Freedom Way, Ikate --- ₦500,000,000 + ₦40M premium (≈₦419,463/sqm) 3,512sqm, Gbangbala St, Ikate, Governor's Consent, sand-filled --- ≈₦650,000/sqm (₦2,282,800,000) 10,000sqm, Alma Beach Estate, oceanfront, outright sale --- ₦700,000,000 (≈₦70,000/sqm) This listing: 1,200sqm, Alma Beach Estate, Ikate --- ₦1,500,000,000 (≈₦1,250,000/sqm) Posted: 31 August 2026 Listed by: Smilebay Realties Limited --- Ref: #364-931-7

Meadow Hall Axis, Ikate, Lekki, Lagos

4 Bedroom Penthouse — Sinari Daranijo, Victoria Island (VI), Lagos

Premium

₦50,000,000 /yr

Flat / apartment for rent

4 Bedroom Penthouse

The Iconic Towers, Sinari Daranijo Street, Victoria Island. 4 Bedrooms. 1 BQ. ₦50,000,000 Per Annum. Fully Furnished. Fully Serviced. If You're Renting in Lagos Anyway, This Is the Version Worth Renting. The problem There's an honest thing most rental listings won't tell you upfront: renting in Lagos, at the corporate income level, isn't actually one problem. It's two. The first is the traffic and the commute --- Third Mainland Bridge, Lekki-Epe, the hours that disappear before you've even started your workday. The second is what you come home to --- a landlord who shows up unannounced, a compound where the generator runs on someone else's schedule, service charges that change without notice, and a building that was never actually managed as a building. You can't buy your way out of renting overnight --- that's a different conversation, with different numbers. But you can stop accepting the version of renting that carries both problems, and rent the version that at least solves the second one properly. The agitation Here's what the actual VI rental market looks like right now, and why most of it still leaves the second problem unsolved. A furnished 3-bedroom in Oniru rents for around ₦22,000,000 per annum. A standard luxury 4-bedroom furnished apartment elsewhere in VI runs ₦25,000,000 to ₦30,000,000. a 4-bedroom upper-floor flat at 1004 Estate, lagoon view, goes for ₦40,000,000. None of those, at those price points, come with a genuinely managed building --- the kind with concierge, dedicated facility management, and amenity infrastructure that removes the landlord-drama variable, not just the square footage variable. At the very top of the market, a 4-bedroom VI apartment with a conference hall, restaurant, and full building-scale amenities rents for ₦200,000,000 per annum --- a tier built for corporate housing budgets, not individual professionals paying out of pocket. This listing --- ₦50,000,000 per annum, plus ₦4,000,000 service charge --- sits well above the standard 4-bedroom comparables, and well below the ultra-premium corporate tier. That gap is exactly where "actually managed, still personally affordable" lives. You're not paying 4x more than a standard VI 4-bedroom for nothing --- you're paying for a penthouse unit inside a purpose-built, professionally managed residential tower, not a converted flat with a landlord next door. The solution a 4-bedroom penthouse with 1 boys' quarters, fully furnished, at The Iconic Towers, Sinari Daranijo Street, Victoria Island. ₦50,000,000 per annum. ₦4,000,000 service charge. 10% agency, 10% legal, 10% caution. Here's what each element actually solves: The Iconic Towers itself. This is a purpose-built, multi-block residential high-rise developed as a joint venture between the Lagos State Property Development Company and a private developer --- not a converted house or a single landlord's personal property. That structural difference matters: building management, not one person's mood, decides how the generator schedule, the security rota, and the common areas are run. 4 spacious en-suite bedrooms, 2 living rooms. Room for the family life the commute has been stealing time from --- and two living rooms means public entertaining space separate from the private family lounge. 1 room BQ. Staff housing built into the unit, not negotiated separately. Swimming pool, fully equipped gym, high-speed elevators. Building-level amenities, maintained by the building --- not something you have to chase a landlord to fix. 24/7 power, treated water, 24/7 security and CCTV. The three things that generate the most landlord disputes in Lagos rentals --- power reliability, water quality, and unannounced access --- are handled at building-management level here, not at the discretion of a single owner. Ample parking, a serene, well-maintained environment. The basic dignity most VI rentals promise in the listing copy and don't actually deliver once you move in. Why this beats the alternatives on the table. The cheaper 4-bedroom comparables at ₦22M--₦30M save money but come with the same individual-landlord risk this listing removes. The ultra-premium ₦200M tier solves the same problem at a corporate-housing budget most individuals aren't working with. This is the middle ground --- professionally managed, personally affordable, and priced against real comparables in the current market rather than an arbitrary premium. The call to action ₦50,000,000 per annum. 4 bedrooms, 1 BQ, fully furnished, The Iconic Towers, Sinari Daranijo Street, VI. Service charge ₦4,000,000. Agency, legal, and caution each at 10%. This isn't the offer that ends your renting story. It's the offer that changes which kind of renting story you're living while you build toward the one that does. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Viewing by appointment. Serious inquiries only --- full agency, legal, and caution fees due at signing. The commute will still be there tomorrow morning. But the landlord who shows up unannounced won't be --- because there isn't one, just a building that's actually run like one. Property Type: Flat/Apartment (Penthouse) --- For Rent Bedrooms: 4 --- Bathrooms: 4 --- Toilets: 5 Furnishing: Furnished --- Serviced: Yes Rent: ₦50,000,000 per annum Service Charge: ₦4,000,000 per annum Fees: Agency 10% --- Legal 10% --- Caution 10% Location: The Iconic Towers, Sinari Daranijo Street, Victoria Island (VI), Lagos Interior & Finishing: Fitted Kitchen --- Air Conditioning --- pop Ceiling --- Built-In Wardrobes --- En-suite Bedrooms --- Tiled Floors --- Water Heater --- Guest Toilet Power & Utilities: 24/7 Power Supply --- Prepaid Meter --- Standby Generator --- Borehole --- Treated Water --- High-Speed Internet/WiFi Security: Security Gate --- Perimeter Fencing --- Electric Fence --- Burglar Proof --- CCTV --- Security/Gateman --- Intercom --- Fire Safety Outdoor & Communal: Swimming Pool --- Landscaped Garden --- Boys' Quarters --- Car Park --- Balcony --- Outdoor Lighting --- Elevator --- Gym NPC Comparable Context (VI 4-bedroom rentals): 3-bedroom furnished, Oniru VI --- ₦22,000,000/annum Standard luxury 4-bedroom furnished, VI --- ₦25,000,000--₦30,000,000/annum 4-bedroom upper floor, 1004 Estate, lagoon view --- ₦40,000,000/annum 4-bedroom, VI, ultra-premium w/ conference hall & restaurant --- ₦200,000,000/annum This listing: 4-bedroom penthouse w/ BQ, The Iconic Towers --- ₦50,000,000/annum Posted: 4 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-400-5

Sinari Daranijo, Victoria Island (VI), Lagos

4 beds 4 baths

402 SQMS Residential Land — Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos

Premium

₦430,000,000 per plot

Residential land for sale

402 SQMS Residential Land

Lekki Foreshore Estate. Parcel a. 402sqm. Close to the Main Gate. ₦430 Million. The Most Accessible Entry into This Estate. And the Most Honest Flood Argument Any Lekki Land Has Made. The problem The Lekki Phase 1 land buyer in 2026 has two questions before any other question. The first is title. Is the document clean? Is the chain short? Does the paper end where paper should end? The second is drainage. In a Lagos rainy season that has caused flooding in estates that confidently claimed "no flooding" in their listings --- the buyer who has been watching the market knows that the drainage claim is the one most likely to be aspirational rather than operational. Most Lekki Phase 1 land listings answer the second question with a single line: "flood free." No mechanism stated. No drainage infrastructure described. No explanation of why this plot is dry when the surrounding areas are not. This listing answers the second question differently. The Lekki Foreshore Estate drainage system is channelled directly to the lagoon. The proximity of this estate to the lagoon is not incidental --- it is the drainage architecture. The water has a designed, direct route to the lagoon. It does not accumulate. It does not back up. In the rainy seasons that have tested every estate on the Lekki corridor, Lekki Foreshore Estate has remained dry --- not because the developer promised it, but because the drainage infrastructure was built to a specific engineering standard that most estates in this corridor have not matched. 402sqm in Parcel a of this estate. Close to the main gate. ₦430,000,000. The agitation Here is what the Lekki Phase 1 land search has cost the buyer who has been watching this corridor with flooding as their primary concern. You have looked at multiple plots. Some were priced well. Some had acceptable titles. Some were in the right general sub-zone. But in every case, the drainage question produced either a casual "no problem" from the agent or a silence that told you everything. You have seen what happens to Lekki properties during rainy season. You have driven past compounds where the water reaches the gate. You have watched NPC listings for estates that described themselves as flood-free sell their units to buyers who later discovered that "flood-free" applied to the estate roads but not the individual compound drainage. These are not rare stories. They are the standard experience of a significant number of Lekki land buyers who made decisions before the rainy season tested the drainage claim. Lekki Foreshore Estate is a newly developed estate that was designed with specific knowledge of those stories. The developers studied the drainage failures of established Lekki estates and engineered around them --- building drainage channels that flow directly to the lagoon, not drainage that terminates at a soak-away or a retention area that backs up during heavy rainfall. The lagoon adjacency that defines this estate's character is simultaneously the estate's drainage solution. Water flows toward the lagoon because the estate is built to direct it there. That is not a claim. It is a designed engineering outcome --- visible in the functioning drainage system that operates 100% during Lagos rainy seasons. Meanwhile, the Parcel a position --- closest to the main gate, dual access from Freedom Way and Admiralty Way --- is the plot that gives the buyer maximum operational convenience for both construction access and post-build daily movement. The solution 402 square metres of residential land in Lekki Foreshore Estate, Lekki Phase 1. Parcel a position --- at the back of Plot 11, close to the estate main gate. Dual gate access via Freedom Way and Admiralty Way. Lagoon-adjacent drainage system channelled directly to the lagoon. Newly developed estate with functioning drainage infrastructure. ₦430,000,000. Here is what this plot delivers --- and what makes it distinct from every other Lekki Phase 1 land listing in this portfolio: Parcel a --- the gate-proximity position in a three-parcel estate. As established across the Lekki Foreshore Estate listing series in this portfolio, the estate is subdivided into Parcels a, B, and C. Parcel a is the outer parcel closest to the estate entrance. This specific plot --- at the back of Plot 11, close to the main gate --- is within Parcel A's gate-adjacent zone. For a buyer whose development requires fast access, or a household whose daily movement prioritises the shortest route between the estate gate and their compound, Parcel a is the operationally convenient position. Dual gate access via Freedom Way and Admiralty Way. Two entry and exit points. When the Lekki-Epe expressway backs up at the Chevron toll gate direction, the Freedom Way gate gives an alternative route. When Freedom Way itself has congestion, Admiralty Way provides the second option. In Lagos, where a single blocked access point can add 45 minutes to a commute, dual-gate access is infrastructure that the buyer will use daily --- and will value more with each rainy season and each Friday evening that demonstrates why alternatives matter. 402sqm --- the compact, correctly sized Lekki Foreshore plot. This is the smallest plot available in the Lekki Foreshore Estate portfolio published by Smilebay Realties --- and it is the most accessible entry price into the estate as a result. At ₦430M, the buyer acquires a Lekki Phase 1, Lekki Foreshore address in Parcel a with the estate's full infrastructure credentials. The 402sqm footprint is sized for a well-configured private residence --- a single-family home with pool, parking, compound, and BQ is achievable within this footprint when designed correctly. The proximity to the main gate means the compound's position in the estate is one of the most immediately accessible. The drainage argument --- stated specifically, not generically. Lekki Foreshore Estate's drainage system is channelled directly to the Lagos lagoon. Not to a retention pond. Not to a soak-away that fills during sustained rainfall. To the lagoon. The engineering decision to channel drainage to the lagoon is the reason the estate remains dry during Lagos rainy seasons that have tested and failed the drainage infrastructure of older, less carefully planned Lekki estates. The developers of Lekki Foreshore studied the specific drainage failures of the estates that preceded it. The drainage infrastructure was built to address those failures explicitly. The result --- documented through multiple rainy seasons --- is an estate whose drainage works when others do not. This matters differently for a land buyer than for an apartment buyer. When you build on this plot, the structure you build sits on land whose drainage has been independently tested and confirmed operational. The compound you develop drains into an estate system that flows to the lagoon. The rainy season test that reveals inadequate drainage in other estates is, in this estate, already answered. Newly developed estate --- drainage channels are free and functioning. The description makes a specific technical point that deserves elevation: in a newly developed estate, the drainage channels have not yet accumulated the debris, silt, and blockage that accumulates over years of occupancy in older estates. The Lekki Foreshore drainage is new, clear, and operating at full capacity. For the buyer who builds now and occupies in the next 12 to 24 months, the drainage infrastructure is at its best possible operational state. Title documentation. The listing description does not state the specific title instrument. Based on the established Lekki Foreshore Estate title structure across all previous listings in this portfolio --- Deed of Assignment backed by a Global Certificate of Occupancy, with Governor's Consent upgradeable post-purchase --- this plot is expected to carry the same title foundation. Confirm the specific instrument at first contact. The agent has the documentation available. ₦430,000,000 --- approximately ₦1,069,652 per sqm. This is the most accessible total acquisition price for any outright Lekki Foreshore Estate plot in the Smilebay Realties portfolio. The 600sqm outright plots were listed at ₦850,000/sqm (₦510M). The 1,709sqm corner plot was at ₦850,000/sqm (₦1.45B). This plot --- 402sqm in Parcel a at ₦430M --- offers Lekki Foreshore Estate entry at the lowest total price in the portfolio, at a per-sqm rate that reflects the Parcel a gate-proximity premium and the specific sub-400sqm plot size within the estate. Lekki Foreshore Estate is flood-free across all three parcels. The drainage system was built to channel water directly to the Lagos lagoon. This has been tested through multiple Lagos rainy seasons and confirmed operational. Smilebay Realties does not list properties in flood-prone areas. This plot in Lekki Foreshore Estate, Parcel a, was assessed against that standard before listing. It passed with the strongest drainage credential of any Lekki Phase 1 land listing in this portfolio. The call to action Lekki Foreshore Estate. Parcel a. Close to the main gate. 402sqm. ₦430,000,000. The smallest plot and the lowest total acquisition price in the Lekki Foreshore Estate portfolio. Dual gate access. Lagoon-channelled drainage that has been tested through Lagos rainy seasons and confirmed dry. The buyer for this plot has capital at this level and has been looking for a Lekki Phase 1 land position in an estate whose drainage argument they can actually trust --- not one stated in a bullet point, but one described with a specific engineering mechanism and a documented operational record. Title documentation available for immediate solicitor review. Site visit arrangeable this week. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Lekki Phase 1. Foreshore Estate. Parcel a. The drainage works. The gate is close. The price is right. 402sqm Residential Bare Land Lekki Foreshore Estate, Parcel a --- Close to Main Gate Lekki Phase 1, Lekki, Lagos Location within Estate: At the back of Plot 11 --- Parcel a position --- closest to estate main gate Access: Dual Gate --- Freedom Way + Admiralty Way, Lekki Phase 1 Drainage: Lagoon-channelled system --- flows directly to Lagos lagoon --- tested and confirmed dry through rainy seasons Estate: Newly developed --- drainage channels free and operating at full capacity Price: ₦430,000,000 (approximately ₦1,069,652 per sqm) Title: Confirm at first contact --- expected Deed of Assignment backed by Global C of O per estate standard Governor's Consent: Upgradeable post-purchase Flood-Free --- Strongest Drainage Credential in the Lekki Phase 1 Land Portfolio Confirmed by Smilebay Realties Pre-Listing Assessment Posted: July 18, 2026 Listed by: Smilebay Realties Limited --- Ref: 3578606

Lekki Foreshore Estate, Lekki Phase 1, Lekki, Lagos

2 Bedroom Apartment — Ahmadu Bello Way, Victoria Island (VI), Lagos

Premium

₦600,000,000

Flat / apartment for sale

2 Bedroom Apartment

Ahmadu Bello Way, Victoria Island. 2 Bedrooms. 1 BQ. ₦600,000,000. 30% or 40% Down. Balance Spread Over 18 to 24 Months. Fully Serviced. Home Automation. A Private Elevator Straight to the Penthouse. This Isn't the Average VI 2-Bedroom. Here's the Math That Proves It. The problem There's a specific exhaustion in being a corporate professional who can technically afford to own in VI, but keeps finding the same two problems in every listing: either the price is right and the building is basic, or the amenities are real and the price has jumped past what actually makes sense for two bedrooms. Every evening ends the same way regardless --- surviving the commute, coming home to a rented flat where the generator schedule, the security rota, and the unannounced landlord visit are all someone else's decision, not yours. This listing is built for the buyer who's done comparing basic VI 2-bedrooms and basic VI 2-bedroom prices, and wants to see what the next tier actually includes before committing. The agitation Here's what "average" actually looks like on the VI 2-bedroom market right now, and where this listing sits against it. The average asking price for a 2-bedroom flat in VI currently sits around ₦280,000,000 --- but that average includes a wide spread of basic, older-stock units. Move up to genuinely serviced buildings and the picture changes fast: a 2-bedroom without BQ near Adeola Odeku goes for ₦400,000,000. a 2-bedroom maisonette with elevator access, gym, and pool at 90% completion is ₦450,000,000. a comparable mixed-use high-rise near the Atlantic coast --- Paramount Twin Towers in Oniru, twin G+13 towers with suspended pool, smart home systems, and concierge --- prices a standard 2-bedroom at ₦620,000,000 and a premium unit at ₦720,000,000. This listing --- a 2-bedroom with BQ at ₦600,000,000 --- sits just below that Paramount Twin Towers comparable, while matching or exceeding its amenity list: infinity swimming pool, full home automation, an electric car charging station, a private elevator dedicated to the penthouse, concierge, a fitness center, a clubhouse/lounge, a serene spa, and a children's playground. Most of the ₦400M--₦480M comparables above don't include a fraction of this list. The ₦620M--₦720M comparable roughly matches it, at a higher price. The solution a 2-bedroom apartment with 1 BQ, fully serviced, Ahmadu Bello Way, Victoria Island. ₦600,000,000. Payment plan: 30% or 40% initial deposit, balance spread across 18 to 24 months. Here is what each element actually removes from your life: Fully serviced, 24-hour power and security. The two most common sources of landlord disputes in Lagos --- power reliability and unannounced access --- are handled at building-management level, not at a single owner's discretion. Home automation and smart access. Lighting, climate, and entry managed from your phone, not from memory or a house help's schedule. Concierge and a private elevator to the penthouse. Building-level service infrastructure most standard VI 2-bedroom listings simply don't include --- the difference between a converted flat and a genuinely managed residential building. Infinity swimming pool, fitness center, clubhouse/lounge, serene spa. Recreation and recovery without leaving the building or paying for a separate club membership. Electric car charging station. A forward-looking building amenity that's still rare across most VI stock at this price point --- relevant now, and increasingly valuable as EV adoption grows in Lagos. Children's playground and landscaped garden. Family space built into the property, not negotiated with a landlord or hunted for outside the compound. Boys' quarters (BQ). Staff housing on your own footprint, not sourced separately. Why this beats the alternatives on the table. The ₦400M--₦480M comparables save money upfront but skip most of the amenity list above --- no EV charging, no penthouse elevator, no spa, often no BQ. The ₦620M--₦720M Paramount Twin Towers comparable matches the amenity tier here, at a higher price with a shorter, more rigid payment structure (40% down, balance over 10 months) than the 18--24 month flexibility offered here. The call to action ₦600,000,000. 2 bedrooms, 1 BQ, fully serviced, Ahmadu Bello Way, VI. 30% or 40% down. Balance spread across 18 to 24 months. The buyer for this unit has already compared the basic VI 2-bedroom stock at ₦400M--₦480M and the premium mixed-use towers at ₦620M--₦720M --- and is looking for the listing that sits between them on price while matching the amenity tier of the pricier option. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Viewing by appointment. Serious inquiries only --- payment plan details confirmed at first contact. The commute will still be there tomorrow morning. The landlord's generator schedule won't be --- because this building runs on its own, all day, every day. Property Type: Flat/Apartment --- For Sale Bedrooms: 2 --- Bathrooms: 2 --- Toilets: 3 Price: ₦600,000,000 Payment Plan: 30% or 40% initial deposit; balance spread across 18--24 months Serviced: Yes Location: Ahmadu Bello Way, Victoria Island (VI), Lagos Interior & Finishing: Fitted kitchen --- Air conditioning --- pop ceiling --- Built-in wardrobes --- En-suite bedrooms --- Tiled floors --- Water heater --- Guest toilet --- Home automation --- Smart access Power & Utilities: 24/7 power supply --- Prepaid meter --- Standby generator --- Borehole --- Treated water --- High-speed internet/WiFi Security: Security gate --- Perimeter fencing --- Electric fence --- Burglar proof --- CCTV surveillance --- Security/gateman --- Intercom --- Fire safety Outdoor & Communal: Infinity swimming pool --- Landscaped garden --- Boys' quarters (BQ) --- Car park --- Balcony --- Outdoor lighting --- Elevator (+ private elevator to penthouse) --- Gym/fitness center --- Clubhouse/lounge --- Serene spa --- Electric car charging station --- Concierge --- Children's playground Posted: 17 August 2026 Listed by: Smilebay Realties Limited --- Ref: #362-737-3

Glover Road, Ikoyi. 3,932 SQM. Joint Venture. Planning Approved. Piling Already Completed. ₦4,000,000/SQM. No Premium. This Is Not Raw Land. This Is a Site That Has Already Cleared the Slowest Part of the Process. The problem There is a category of Lagos high-rise development conversation that most JV listings never actually reach --- the stage where planning approval is secured and the foundation work has already started. Most JV land offered to developers in Ikoyi is still theoretical. Survey pending. Approval pending. Premium undisclosed until a contractor has already spent weeks in negotiation. The genuine bottleneck for a high-rise contractor isn't finding land in Ikoyi --- it's finding land where the 12-to-18-month approval cycle has already been absorbed by someone else, and where the ground has already been tested and piled. This listing is that site. 3,932sqm on Glover Road, Ikoyi. Lagos C of O. Planning already approved for a 17-floor block of flats. Piling already completed. No premium attached to the land value. The question for a serious high-rise contractor isn't whether Ikoyi land is worth developing. It's whether this specific site --- already de-risked at the two stages that kill most JV timelines --- is worth committing to before another contractor closes it. The agitation Here is what the comparable market shows right now. A near-identical 3,900sqm parcel elsewhere in Ikoyi, also carrying an approved 17-storey high-rise development, is currently listed at ₦15,600,000,000 --- effectively the same size, the same approval status, priced at roughly ₦4M/sqm once premium and terms are factored in. A separate comparable, also close to 3,932sqm in a high-profile Ikoyi location, has been marketed as "closeable" at ₦15,728,000,000. This listing --- 3,932sqm at ₦4,000,000/sqm, no premium --- works out to approximately ₦15,728,000,000 in total land value, placing it directly inside the range both comparables above are asking for. The difference is what this listing has that a purely land-value comparison doesn't show: piling is already completed. On a 17-floor high-rise, piling is not a minor milestone --- it's the geotechnical and structural foundation work that typically consumes months of a project timeline and carries real risk if soil conditions turn out to be difficult. That risk has already been absorbed here. Every month a qualified high-rise contractor spends evaluating a still-theoretical JV elsewhere in Ikoyi is a month this site's timeline advantage compounds. Approval delays are the single most common reason Lagos high-rise JVs stall before a foundation is even poured. This one has already cleared that stage. The solution 3,932 square metres, mixed-use land, Glover Road, Ikoyi. Lagos State Certificate of Occupancy. ₦4,000,000 per sqm, no premium. Planning approved for a 17-floor block of flats. Piling completed. Survey available. Here is what each element actually delivers to the contractor evaluating this deal: Planning approval already secured. The single longest and most unpredictable phase of a Lagos high-rise JV --- Lagos State Physical Planning Permit approval for a 17-floor structure --- has already been obtained. A contractor stepping into this deal is not waiting 12-18 months before construction can legally begin. They are stepping in at the construction phase. Piling already completed. The geotechnical risk on a 17-floor structure is real and expensive to get wrong. Piling completion means the foundation engineering has already been tested against the actual soil conditions on this specific site --- not modeled from a neighbouring parcel's data. This removes a major source of budget and timeline uncertainty before the JV contract is even signed. No premium. The land value is the land value --- ₦4,000,000/sqm, disclosed upfront. No separate negotiation over a premium figure layered on top after due diligence has already consumed time and cost. Glover Road, Ikoyi. A residential and mixed-use street inside the same Ikoyi core that includes Bourdillon, Alexander, and Awolowo Road --- established infrastructure, established demand, not a developing axis with unproven absorption. Lagos State C of O, survey available. Title documentation ready for immediate solicitor review --- a straightforward due diligence process rather than a title chain requiring reconstruction. Why this beats the alternative JV sites currently on the market. The two closest comparable parcels --- both around 3,900sqm with a 17-storey approval --- are asking a similar or higher total land value without disclosing whether piling has been completed. A contractor evaluating those sites is still pricing in the foundation-stage risk this listing has already removed. At the same approximate land value, this is the site with less remaining execution risk. The call to action 3,932sqm. Glover Road, Ikoyi. ₦4,000,000/sqm. No premium. Approved 17-floor block of flats. Piling completed. This is not an offer for a corporate professional looking to buy a home. This is a JV slot for a high-rise contractor or developer with proven capacity to take a piled, approved site to completion. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Serious high-rise contractors only. Survey and approval documentation available for immediate review. The approval is already granted. The piling is already done. The part of this project that usually takes a year has already happened. Land Type: Mixed-use Land --- Joint Venture Size: 3,932 sqm Land Value: ₦4,000,000/sqm (estimated market rate) Premium: Nil Title: Lagos State Certificate of Occupancy (C of O) Survey: Available Owner's Development Preference: 17-floor block of flats Planning Approval: Approved Current Status: Piling completed Contractors Preferred: Experienced high-rise contractors Agency Fee: 10% Location: Glover Road, Ikoyi, Lagos NPC Comparable Context: 3,900sqm parcel, Ikoyi, approved 17-storey high-rise --- ₦15,600,000,000 Closeable ~3,932sqm parcel, high-profile Ikoyi location --- ₦15,728,000,000 This listing: 3,932sqm, Glover Road, Ikoyi, approved + piled --- approx. ₦15,728,000,000 (₦4,000,000/sqm, no premium) Posted: 25 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-895-3

Glover Road Ikoyi, Ikoyi, Lagos

Newly Built 5-Bedroom Semi-Detached Duplex Cowrie Creek Estate — Cowrie Creek Estate, Ikate, Lekki, Lagos

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₦950,000,000

Semi-detached duplex for sale

Newly Built 5-Bedroom Semi-Detached Duplex Cowrie Creek Estate

You Don't Need to Own the Whole Island. You Just Need the Right Address on It. The problem There is a version of Lagos success that looks like full detachment. The fully enclosed compound. The standalone building with your fence on all four sides. No shared walls, no shared driveway, no awareness of who is next to you. That version costs significantly more. And in Ikate, it either does not exist at the level of finish and infrastructure that actually matches your expectations --- or it exists at a price that requires a structuring conversation you are not ready to have yet. So you wait. Or you compromise. You buy something smaller, in a less established location, that is fully detached but in a building that does not justify the trade. Meanwhile, the Cowrie Creek Estate inventory continues to move. The colleagues who are in there now --- the ones who made the decision two or three years ago --- are sitting on assets that have compounded through every macro headwind Lagos has thrown at the market. You are still outside the gate. Not because you cannot afford to enter. But because you have been holding out for a structure that either costs you more than this or doesn't exist at this spec level. That is a losing calculation. And this listing ends it. The agitation Let's talk about what the wait is actually costing. Not in abstract terms. In specific ones. Every year you do not own in Cowrie Creek, Ikate, you are paying rent somewhere else. That rent --- at a level that matches where you are professionally --- is somewhere between ₦15 million and ₦30 million per year. You are paying it for zero equity. Zero title. Zero asset on your personal balance sheet. You are also watching. Watching the Ikate corridor absorb demand that is not going away. Watching a gated estate with documented infrastructure, good road network, functioning drainage, and 24/7 security become progressively harder to enter at any reasonable price. Watching the people who bought when you were deliberating report figures on their assets that make your investment portfolio blush. And there is a more personal cost. The home your family lives in today --- the one that is decent, functional, mostly fine --- is producing a version of your domestic life that has a ceiling. Your children's weekends are constrained by what the compound allows. Your evenings have no rooftop. Your Saturdays have no pool. Your Friday nights have no cinema room. These are not vanity items. They are the infrastructure of a family life that is fully lived rather than mostly managed. Every year those experiences are deferred is a year you do not get back. The solution This newly built 5-bedroom semi-detached duplex in Cowrie Creek Estate, Ikate, Lekki, is the entry point that the full-detachment calculation has been preventing you from taking. It is not a compromise. It is a precision decision. Here is what the semi-detached structure actually means at Cowrie Creek: you are in a gated community with shared perimeter security, estate-level infrastructure, and neighbours who bought at the same price point and chose the same address. The shared wall is one wall. Everything else --- the pool, the rooftop, the cinema, the compound, the BQ, the floors, the ceilings --- is yours. Entirely. And it is all new. This is a newly built property. Not a resale with accumulated wear and someone else's choices embedded in the walls. The finishes are original. The systems are untested. The fixtures have never failed. You are the first person who will live in this house. That matters --- practically, financially, and psychologically. Here is what you are getting: Five bedrooms, all en-suite. Every room in this house is a private suite. No shared bathrooms. No waiting. Six bathrooms and seven toilets distributed across the floors so that a full household --- family, extended family, guest --- operates without friction. Double-volume ceilings. The moment you walk into the living room, you understand what these feel like. It is not aesthetic. It is atmospheric. The room breathes differently. Light behaves differently. The conversation around you sounds different. It is the single architectural feature that separates a house built to a standard from one built to a specification, and this one has it. A private swimming pool. Yours. On your terms. Sunday morning before church. Wednesday evening when you need to decompress before the week catches up with you. Every Saturday your children have ever asked for a pool day --- answered, permanently, without leaving the compound. A rooftop terrace. Cowrie Creek Estate sits in one of Ikate's most established residential pockets. From the rooftop, you are looking at a skyline that has taken Lagos decades to build. This is where your guests end up by 9 PM on a Friday. This is where the dinner conversation migrates after the table is cleared. This is the space in your home that has no equivalent in any apartment building on the island, at any price. A dedicated cinema room inside the house. Not a projector in a bedroom. A room built for the purpose --- seated, acoustically contained, and available every evening from the moment you walk through the front door. Your children will never again need to go anywhere for a Saturday film. Neither will you. 24/7 power --- integrated at the property level, not dependent on your management. The power is on when you arrive. It is on when you wake up at 3 AM. It is on during the client call you are taking from home. The generator management conversation --- the one that is a daily drain in almost every Lagos home --- does not exist here. Bluetooth-integrated speaker system throughout. Sound follows you from room to room. From the fitted kitchen to the family lounge to the terrace. The house is acoustically alive in a way that a standard build is not. Walk-in closet in the master suite. Not a wardrobe. A room adjacent to the bedroom that organises your life the way a person at your professional level deserves to have it organised. Stamped concrete flooring on the ground level. A deliberate architectural finish that tiles cannot replicate. It ages well, it cleans easily, and it tells any visitor who knows buildings that this one was built with intention. BQ included. Your domestic staff has dedicated quarters. Your home's privacy and spatial integrity remain intact. Cowrie Creek Estate infrastructure: 24/7 professional security, good road network, well-maintained drainage. This is not an estate that requires management optimism. It is a functioning community with demonstrated infrastructure performance. ₦950,000,000. Newly built. First occupancy. Full spec. Cowrie Creek, Ikate. An upgraded variant with elevator and cinema is available at ₦1,400,000,000 --- for households with multigenerational living needs or where vertical accessibility is a priority. The call to action Newly built inventory in Cowrie Creek Estate does not accumulate. When a unit at this specification --- cinema, rooftop, pool, double-volume ceilings, 24/7 power, fully en-suite --- enters the market as a first-occupancy property at ₦950M, it attracts a specific kind of buyer. Someone who has been watching this corridor. Someone whose capital is structured. Someone who recognises that the semi-detached decision at this location and this spec is not a compromise --- it is the most efficient entry into an address that will hold and grow its value regardless of what the naira does. If that is you, this is a short conversation. Documentation is available. A viewing can be arranged immediately. Call or WhatsApp Smilebay Realties: +234 901 517 4801 The pool, the rooftop, the cinema, and the 24/7 power are ready. The only question is whether you will be the one who moves in --- or the one who watches someone else do it and adds this to the list of decisions you delayed too long. 5 Bedrooms 6 Bathrooms 7 Toilets 400sqm Newly Built First Occupancy All Rooms En-Suite Double-Volume Ceilings Walk-In Closet Fitted Kitchen Family Lounge Private Swimming Pool Private Cinema Rooftop Terrace Balconies BQ Bluetooth Speaker System Stamped Concrete Floor Water Heater Shower Cubicle 24/7 Power 24/7 Security Good Road Network & Drainage Cowrie Creek Estate, Ikate, Lekki, Lagos ₦950,000,000 Elevator + Cinema Upgrade: ₦1,400,000,000 Listed by Smilebay Realties Limited Ref: 3469572

Cowrie Creek Estate, Ikate, Lekki, Lagos

5 beds 6 baths

Showing 21–40 of 40 listings

About Smilebay Realties Limited

Mission statement It is from the extensive research undertaken from our firm that we have mapped out strategies to eradicate the previous modus operandi of real estate agencies in Nigeria as well as the challenges faced by developers, buyers and investors in real estate. Vision It's within our vision, the eradication of the non-professional model of estate management and sharing a more innovative and trendy strategy that suits clients of the internet age. It is out of our unique experience in the real estate market that we decided to become a buyer based real estate listing website where buyers can get directly connected to real estate developers and sellers without going through chains of real estate agents who do not have intention behind their agency services. We decided to build a brand from the mistakes of our competitors to suit real estate buyers who need direct communication with the developer/seller of the property a potential buyer is interested in. We have had over 12 years of solid experience with buyers and sellers here in Nigeria and we have a deep client base of real estate developers who build and sell brand new homes here in Nigeria. Our staff base is mostly IT consultants who understand the art of selling goods and services over the internet with internet lead generation systems as much as we have staff who do the leg work and physical scouting of properties from real estate developers and sellers willing to list with us. We also have the foundational staff who are educationally qualified in real estate and financial education which ensures that clients make the best financial decisions. Smilebay Realties Limited is a real estate firm that engages in the business of real estate here in Nigeria. We are commissioned agents that directly connect real estate buyers to real estate developers and sellers in Nigeria. We ensure that our clients are able to find and successfully purchase their genuine dream home without long chains of real estate agents. Smilebay Realties Limited is a registered company with cac, RC: 1080825 and we are legitimately positioned to help buyers and sellers make their real estate transactions successful. Our clients Real estate buyers. Real estate developers/sellers. Short let property owners (vacation homes) Vacation homes guests.

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Newly Built 5-Bedroom Semi-Detached Duplex Cowrie Creek Estate

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