3,100 Sqm Banana Island, Ikoyi -- Waterfront Residential Zone
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Property Description
Confidential Joint Venture Opportunity Banana Island Waterfront
Coded Listing -- For Qualified Developers Only
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JV Overview
- Location: Banana Island, Ikoyi -- Waterfront Residential Zone
- Land Size: 3,100 SQM
- Land Value: ₦4.5M per SQM (≈ ₦13.95B total land value)
- Title: Certificate of Occupancy (C of O)
- Proposal: 6 floors of luxury maisonettes (design drawings available)
- Construction Mandate: Developer must use ELALAN, Cappa Alberto, or equivalent top-tier contractors
- Premium: ₦1.5B (payable once or in two installments)
- Key Requirement: Proof of Funds (POF) is mandatory
- Survey: To be shared upon serious expression of interest and verification of capability
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JV Structure & Key Details
- Ownership: Landowner holds C of O
- Design: Preliminary drawings available for 6-floor maisonette development
- Premium Payment Flexibility:
- Option 1: One-time payment of ₦1.5B
- Option 2: Two staggered payments (terms negotiable)
- Construction Requirement: Use of approved high-end contractors (ELALAN, Cappa Alberto, etc.) is non-negotiable
- Confidentiality: Deal is coded; full details and survey released only to verified, capable investors
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️ Development Scope
- Type: Waterfront luxury maisonettes
- Floors: 6 (GF + 5 upper floors)
- Target Market: Ultra-high-net-worth individuals, expatriates, diplomatic corps
- Features: Expected to include private lifts, waterfront views, premium finishes, and smart home systems
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Requirements for Developer
- Proof of Funds (POF) must be shown upfront
- Experience in high-end residential developments
- Ability to work with specified contractors
- Financial capacity to cover premium, construction, and soft costs
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Why This Is a Rare Opportunity
- One of the largest available waterfront parcels on Banana Island
- C of O provides title security
- Pre-designed proposal accelerates planning phase
- Waterfront maisonettes in Banana Island have unmatched resale and rental value
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️ Next Steps for Interested Developers
1. Express serious interest with company profile and development portfolio
2. Provide Proof of Funds
3. Sign a confidentiality agreement (if required)
4. Review drawings and survey (upon verification)
5. Negotiate JV terms and premium payment schedule
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This is a confidential, high-stakes JV for a select developer with strong financials and luxury construction experience. Only capable parties should proceed.
Property Details
| Property Ref: 3337296 | Last Updated: 10 Feb 2026 | Market Status: Available |
| Type: Residential Land | Total Area: 3,100 sqm |
Interesting Facts
Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reputation as a luxurious and refined haven. It is renowned as one of the most expensive neighborhoods in Africa, attracting affluent individuals from diverse backgrounds.
Leisure and Shopping
Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lush green spaces, and enjoy the luxurious amenities provided by the exclusive relaxation centers. Oladimeji Shonubi Supermarket, Mr. Femi Superstores, Hartleys Supermarket, Kola Superstores, Banana Island Sports Field, Banana Island Park, and the Banana Island Club are prime examples of the leisure and shopping options available in Banana Island.
Popular Estates
Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vistas. Boasting top-notch facilities and unmatched seclusion, these estates are a testament to elegance, ensuring each resident experiences an unparalleled lifestyle. Among the distinguished estates on Banana Island are Happy Haven Estate, The Address Homes, Bella Vista Apartments, Grace Court, and Morgan Apartments.
Day Life
Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like the Hanging Basket Restaurant and the esteemed Chicken Republic. If you're in search of a destination suitable for the whole family, the nearby Youfine Art Gallery presents nature trails of art work, providing a delightful experience.
Night Life
Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rather than its nightlife scene. The island is a serene and exclusive area with a focus on privacy and security. However, for a livelier nightlife scene, residents can venture to nearby areas such as Victoria Island and Ikoyi, where one can find several upscale lounges, bars, and clubs that offer an unforgettable evening of entertainment. We have places like Escape Nightclub, Quilox, Sky Restaurant and Lounge, The Blowfish Hotel and Club, Caliente Club, and Escape Nightclub.
Schools
Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their children need look no further, as Banana Island International School stands as a beacon of prestige within this coveted community. Additionally, residents have the privilege of choosing from a range of esteemed schools in close proximity, including Greenwood House School, Meadow Hall School, and Lagoon School, all of which provide excellent educational options to meet the discerning standards of Banana Island's residents.
Read the full area guide for Banana Island, Ikoyi, Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 6 months ago
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