800.01 Sqm Ikate Elegushi, Lekki
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Property Description
LAND FOR SALE -- IKATE ELEGUSHI, LEKKI
800.01 SQM Governor's Consent Prime Location
₦800 Million ₦999,987 per SQM (approx. ₦1M/SQM)
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Property Overview
- Location: Ikate Elegushi, Lekki, Lagos -- a high-demand residential and commercial corridor close to Elegushi Beach, Lekki-Epe Expressway, and major landmarks.
- Land Size: 800.01 SQM.
- Title: Governor's Consent -- perfected, bankable, and ready for transfer.
- Asking Price: ₦800,000,000.
- Price per SQM: Approx. ₦1,000,000.
- Status: Bare land, ready for immediate development.
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Key Highlights
- Prime Ikate Location: Ikate Elegushi is one of Lekki's most vibrant and rapidly developing areas, offering proximity to the beach, major roads, schools, and commercial hubs.
- Strong Title Security: Governor's Consent provides the highest level of title perfection -- ensuring smooth transactions and financing readiness.
- Flexible Development Scale: 800 SQM offers ample space for a luxury villa, twin duplexes, or a small boutique apartment block.
- High Appreciation Potential: Ikate continues to benefit from Lekki's eastward expansion and growing demand for both residential and mixed-use developments.
- Immediate Development: Bare land means no demolition or relocation costs -- construction can commence upon acquisition.
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️ Development Potential
800 SQM in this location is ideal for:
- Luxury Detached Villa: Spacious family home with pool and gardens.
- Twin Duplexes: Two high-end units -- live in one, rent or sell the other.
- Boutique Apartment Block: 8--10 luxury flats targeting young professionals and families.
- Mixed-Use Development: Ground-floor retail/offices + residential above (subject to approvals).
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Market Context
- Per SQM Pricing: At approx. ₦1M/SQM, this is competitively positioned within Ikate Elegushi's current land market, where Governor's Consent--titled plots typically range from ₦900,000--₦1.2M/SQM depending on exact location and accessibility.
- Comparable Context: Recent transactions in Ikate's core areas have closed between ₦950,000--₦1.1M/SQM for similar-sized plots with perfected title.
- Title Premium: Governor's Consent commands a significant premium over Deed of Assignment or Survey-only plots -- offering peace of mind and immediate bankability.
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Ideal For: Homebuilders seeking a titled plot in a prime Lekki location; developers targeting the mid-to-upper residential market; investors wanting a bankable asset with strong appreciation potential.
A well-priced 800 SQM Governor's Consent parcel in Ikate Elegushi -- ready for immediate action.
Property Details
| Property Ref: 3365764 | Added On: 01 Mar 2026 | Last Updated: 01 Mar 2026 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 800 sqm |
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
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Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos.
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