2, 245M² Waterfront Property with Demolishable Structure for Sale

2,245m² Waterfront Property with Demolishable Structure for Sale in Banana Island HomeAll Properties...2,245m² Waterfront Property with Demolishable... 2,245m² Waterfront Property with Demolishable Structure for Sale in Banana Island Gallery itemGallery item 2,245m² Waterfront Property with Demolishable Structure for Sale in Banana Island For Sale $7,000,000 Duplex, LandApril 14, 2026 Residential ZoneBanana IslandIkoyiLagosNigeria Description Details Features Contacts Description Available for sale is a prime 2,245 square metre waterfront property with a demolishable structure, located in one of Banana Island's most prestigious residential enclaves. This offering presents a rare opportunity for a discerning developer to acquire a premium waterfront site suited for a high-value luxury residential scheme. The property is well positioned for the development of 10 units of waterfront 5-bedroom terrace houses, complemented by a jetty, swimming pool, gym, and other luxury amenities expected in a top-tier Banana Island development. With strong demand for premium residences in the estate and waterfront terraces commanding significant market value, this site presents an attractive proposition for developers seeking a project with clear upside potential. At an average market rate of about $2 million per terrace unit, the projected gross revenue for a 10-unit development is approximately $20 million, making this a compelling investment opportunity for developers focused on the luxury segment of the Lagos real estate market. Property Details Location: Banana Island, Lagos Street: 314 Close Property Type: Waterfront land with demolishable structure Land Size: 2,245m² Title: Lagos Certificate of Occupancy Asking Price: $7,000,000 Contact us +2348094990098 +2349022220601 +2348034135274