There are 3,633 flats, houses, land and commercial properties for sale and rent in Banana Island as of 7 Sep 2026, with an average price of ₦3B. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Come experience our new 5Star apartment, boasting a spectacular waterfront view, furnished with the most exceptional & impressive interiors, located in the heart of Banana Island, A neighborhood that exudes opulence & grandeur off the foreshore of Ikoyi, Lagos, Rated by Forbes as one of the most expensive & exclusive residences in Africa, They say, "A picture is worth a thousand word" Wonder if these tell a story as we turn a new chapter in the business of luxury, You be the judge. 1year Rent - 50m Service Charge - 5m Agency - 10% Legal - 10% Caution - 5% Note: for clients who are looking to get long leases, this apartment can go as low as 45m annually.
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Premium
13
₦45,000,000/yr
Semi-detached duplex for rent
Exquisitely Finished Furnished 2 Bedroom Semi-Detached House with a BQ
Exquisitely Finished Furnished 2 Bedroom Semi-Detached House with a Bq For Rent. Features: - Self compound - Fully furnished - Fully Fitted Kitchen - Fitted with Air Conditioning Units - Smart TVs - Dinning area - Spacious livingroom and bedrooms - Balcony - All rooms en-suite - a room Bq - Ample parking space - Topnotch serene and secured highbrow estate, e.t.c. Rental Price: 45 million naira Location: Banana Island Estate. For further enquiries and inspection bookings, kindly contact Aruofeg Enterprise: 08074577210 or 08057989376
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
3 Parking
Aruofeg Enterprise
Premium
4
₦65,000,000
Flat / apartment for rent
4 Bedroom Apartment
4 bedroom House in Banana Island, Ikoyi. Location: Banana Island, Ikoyi Rent: ₦65,000,000 per annum Premium 4-bedroom apartments available for lease in the prestigious Metave Apartments, located within the highly secure Banana Island Estate. Property Features: Spacious 4-bedroom apartments All bedrooms en-suite Boys' Quarters (BQ) Located across three floors in a two-wing development Swimming pool Elevator (Lift) Standby generator Water treatment plant Ample parking space Gatehouse and dedicated management office comprising three rooms Professionally managed and well-maintained development Situated in one of Lagos' most secure and exclusive residential estates Rent: ₦65,000,000 per annum Ola
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
Hova Oy Concept
Premium
9
₦35,000,000/yr
Flat / apartment for rent
2 Bedroom Furnished Maisonette
2 Bedroom waterfront fully furnished maisonette Location: Banana Island, Ikoyi, Lagos Rent: 35m Legal: 10% Agency: 10% Caution: 10% Service charge: 3m/annum Features - Fitted Kitchen - Pop Ceilings - Water Treatment - 24hrs Power - Water heater - Walk-in Shower - Car park space - 24hrs Security - Secured Estate - Swimming pool - Gym - Fully furnished Etc
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
Orbrealtor
Premium
11Video
₦4,500,000,000
Flat / apartment for sale
4 Bedrooms Maisonette Apartment House with 2 BQS
Luxury Maisonette Apartment House With 2 Bqs For Sale In Banana Island Ikoyi Lagos Banana Island Ikoyi Lagos price: ₦4.5 Billion Naira Asking features: - Full Home Automation - Large Living Area - Spacious Smart Rooms & Ensuite Bathrooms - Family Lounge - 2 BQs - Wet & Dry Kitchens - Zaha Hadid-Inspired Bathroom - 2--3 Car Parking Spaces - 18-Seater imax Cinema - B&O Sound System - Technogym - Virtual Golf Bar - Spa / Sauna / Salon - Interactive Lobby - Crèche - Serene Environment - Secured Estate - Good Documentation & Title - Exclusive Elite Neighborhood - And Lots More... Enquiries Call/whatsApp +2348069017662 +2348173128081 For more Properties YouTube @WorldmarksPropertiesLimited Facebook: WorldmarksProperties Instagram: worldmarksng Twitter: worldmarksng Tik tok: worldmarksng LinkedIn Page Worldmarks properties limited
Banana Island, Ikoyi, Lagos
4 beds
4 baths
4 toilets
Worldmarks Properties Limited
Premium
1
₦6,500,000,000
Residential land joint venture
1400 SQMS Land
Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7
Banana Island, Ikoyi, Lagos
Smilebay Realties Limited
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Premium
17
₦80,000,000/yr
Semi-detached duplex for rent
5 Bedroom Semi-Detached Duplex
Features ⫸ Tastefully Built 5 Bedroom Semi-Detached Duplex ⫸ Spacious Living Room ⫸ Modern Fitted Kitchen ⫸ 1 Room Self-Contained BQ ⫸ Communal Swimming Pool ⫸ 24/7 Security ⫸ Well-Maintained Estate ⫸ Ample Parking Space Price: ⫸ Rent: ₦80m per annum ⫸ Service Charge: ₦3.9m ⫸ Power: ₦400 per kWh ⫸ Diesel Deposit: ₦200k monthly contribution ⫸ Caution Fee: 10% ⫸ Legal Fee: 10% ⫸ Agency Fee: 10%
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
Kingcrimson Global Realty LTD
Premium
10
₦65,000,000/yr
Terraced duplex for rent
5 Bedroom Terrace Plus 1 BQ + Pool
Banana island estate ikoyi letting 3 units of 5 bedroom terrace plus 1 BQ + pool 65M Rent 6M service charge 2.5M caution deposit 10% legal 10% agency fee
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
God's Favour World Properties
Premium
₦4,500,000
Residential land joint venture
4000SQM of Land in a Well Secured Area
Joint Venture Opportunity Alert Location : Banana Island Estate Road, Ikoyi, Lagos Key Details: . Land size: 4,000 SQM . Land Value: ₦4.5m Per SQM . Proposal: Maisonettes & Apartments . Facilitators' Fees: 10% . Sharing Ratio: TBD note: Owner wants a building on the 1,000 SQM for himself and 3,000 SQM with block of flats/maisonette High-rise. Experience Developer is a must with proof of Funds. Olajbatdangbe
Banana Island, Ikoyi, Lagos
4000 sqm
David Moren Property Services
Premium
11
₦125,000,000/yr
Detached duplex for rent
5 Bedroom Fully Detached Duplex
For Lease In Banana Island Ikoyi Lagos A fully detached luxury 5 bedroom house plus 2 separate rooms service quarters. With security house and ample parking space Location: In a quiet and serene Close off 2nd Avenue, Banana Island, Ikoyi Rental price: 125 million per annum For further enquiry and inspection, Kindly Contact: Olalekan Abass & Co. Estate Surveyors & Valuers 07038982071
Off 2nd Avenue, Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
8 Parking
Olalekan Abass & Co
Premium
14
₦4,500,000,000
House for sale
Ultra Luxury 4 Bedroom Maisonette with 2 BQS
Luxury 4 Bedroom Maisonette with 2 BQs for Sale Location: Banana Island, Ikoyi-Lagos Price: 4.5B asking Features: - Full Home Automation - Large living area - Spacious smart rooms and ensuite - Family lounge - 2 BQs - Wet and dry kitchens - Zaha Hadid Bathroom - 2-3 Car Park Space - 18% Seater imax Cinema - B&0 Sound System - Technogym - Virtual Golf Bar - Spa/Sauna/Salon - Interactive Lobby - Crèche - Serene environment - Secured estate - Good doc title - Great elites neighborhood and lots more For more enquiries, contact Stephen Whatsapp: 08171969365 Phone: 08136522011, 09155232992 Email: [email protected] We currently have premium homes available for sale across some of Ikoyi, Victoria Island, Lekki Phase 1, Ikate, Salem, Ologolo, Jakande, Osapa London, Agungi, New Road, Chevron, Eleganza, Orchid, Ikota, VGC and Ajah's most sought-after locations, including: Ikoyi (Banana Island, Mojisola Onikoyi, Osborne Foreshore Estate, Parkview Estate, Dolphin Estate, Gerrard Road, Bourdillon Road, Alexander Avenue, Glover Road, Lugard Avenue, Copper Road, Moseley Road, Ojora Road, Aromire Road)
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
3 Parking
Idealplace_properties
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Premium
12
$7,500,000
Detached duplex for sale
Fully Detached 6 Bedroom House with Pool on Large Plot of Land
Direct clients preferable Well sized 6 bedroom fully detached house with bq, swimming pool, on large plot of land in Banana Island Estate Lagos Price: $7.5m In your best interest deal with highly trusted luxury real estate professionals at no extra cost. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate Ikoyi, Banana Island, Ikoyi, Lagos
6 beds
6 baths
7 toilets
5 Parking
Prince Ademola Osinuga International
Premium
15
₦2,000,000,000
Detached duplex for sale
Ultra-Luxury 4 Bedrooms Detached Duplex with 2 BQS
Ultra-Luxury 4-Bedroom Fully Detached Duplex - Banana Island, Ikoyi - ₦2BN For Sale: An ultra-luxury and exquisitely finished 4-bedroom fully detached duplex located in the prestigious Banana Island, Ikoyi, offering exceptional comfort, space, and modern luxury at its finest. Location: Banana Island, Ikoyi Price: ₦2,000,000,000 Title: C of O - Building Approval Comes With: Ensuite bedrooms - Fully fitted kitchen with accessories - Fully fitted bathrooms - Private elevator - Cinema room - Study - Swimming pool - Gym - Water treatment system - CCTV surveillance - Balconies - Ample parking space - 2 Boys' Quarters - Secure and serene environment - Luxury finishing. DV
Direct clients preferable Well sized 4 bedroom terrace house with garage, bq, swimming pool, gym etc in Banana Island Estate Rent: N45M per annum Agency and legal fees 10% each In your best interest deal with highly trusted luxury real estate professionals at no extra cost. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate Ikoyi, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
2 Parking
Prince Ademola Osinuga International
Premium
19
₦150,000,000/yr
Detached duplex for rent
5 Bedroom Detached Duplex with BQ + Pool + Gym
For rent Luxurious 5 bedroom detached duplex with bq, swimming pool, elevator study. Location: Banana Island, Ikoyi. Features: - Spacious Living Area - All Rooms En-suite - Swimming Pool - Gym - Elevator - Study Room - Bq - Fitted Kitchen - En-suite Rooms - Family Lounge - Balcony - Fitted Wardrobes - Lightings - Great Neighborhood - 24hours security Rent: N150million per annum. Agency: 10% Legal: 10% Caution: 5% Service Charge: N10M at
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
Ama of Lagos Realty LTD
Premium
20
₦3,250,000,000
Terraced duplex for sale
Gorgeous 5 Bedroom Terrace Duplex with a BQ
Features: - Brand new & tastefully finished - Secure gated estate - All rooms en-suite - Spacious living area + fitted kitchen - Pop sound system + beautiful woodworks - Gorgeous lighting + chandeliers - Water heater, clean water, ample parking - Luxury sanitary wares - Fantastic neighborhood Title: C of O, Governor's Consent, Building Approval
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
3 Parking
Buy&live
Premium
11
₦4,500,000,000
Flat / apartment for sale
Elegant 4 Bedroom Flat with 2 BQS
Features: - Brand new & tastefully finished - Secure gated estate - All rooms en-suite - Spacious living area + fitted kitchen - Pop sound system + beautiful woodworks - Gorgeous lighting + chandeliers - Water heater, clean water, ample parking - Luxury sanitary wares - Fantastic neighborhood Title: C of O, Governor's Consent, Building Approval
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
3 Parking
Buy&live
Premium
25
₦60,000,000
Flat / apartment for rent
4 Bedroom Flat with Boys' Quarters
Banana island Ikoyi 4 bedroom flat with a room bq - Swimming Pool - Double door fridge - Table Top Gas - Washing Machine - Oven/Microwce - All Rooms En-Suite - 24-Hour Security - CCTV Cameras Rent: 60m Agency fee - 10% Legal fee - 10% Caution deposit - 10% Service Charge - 5m annually Diesel Deposit- 4m Jed
Banana Island, Ikoyi, Lagos
4 beds
5 baths
5 toilets
Goldencrown Real Estate and Interior Decor
Premium
3
₦3,000,000,000
Terraced duplex for sale
4 Bedroom House
[Off Plan] Terraces Houses: Banana Island 4 units of 4-Bedroon Terrace Houses currently been developed at the Residential Area, Banana Island Features: - 485m² of livable space - All en-suite bedrooms - Private elevator - Private gym - Roof top garden - Roof top Swim spa - 4 car parking lots / unit Total units: 4 Delivery date: August 2027
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
Kingsforth Homes and Properties LTD
Premium
15
₦45,000,000/yr
Detached duplex for rent
5 Bedroom Detached Duplex with Swimming Pool
A five (5) bedroom self serviced duplex with swimming pool & green area with a room boys quarter in banana island now available for letting. Location: Banana island Ikoyi Rent: N45 Million Naira Service charge: Self service Caution fees: N3 Million Naira Legal fees: 10% Agency fees: 10% 5HRS-10HRS inspection notice
Banana Island, Ikoyi, Lagos
5 beds
5 baths
6 toilets
4 Parking
Oblango Technology Company
Premium
9
₦34,999,999/yr
Terraced duplex for rent
Premium 4 Bedroom Terrace House with Ample Parking Space and Access to Swimming Pool
Direct clients preferable Functional 4 bedroom terrace house with ample car park space, access to swimming pool, in Banana Island Estate Ikoyi Rent: N34.9m per annum Service charge deposit N3.5m Agency and legal fees 10% each In your best interest deal with highly trusted luxury real estate professionals at no extra cost. Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate, Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
2 Parking
Prince Ademola Osinuga International
Showing 181–201 of 3,633 properties
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Area Guide
About Banana Island, Ikoyi
Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. The Island is a man-made island and is shaped like a banana. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate.The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Banana Island has residential and commercial areas, as well as sites for recreational activities
It occupies a sand-filled area of approximately 1,630,000 square metres and is divided into 536 plots (of between 1000 and 4000 square metres in size) mainly arranged along cul-de-sacs. Dwellers in this Island are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks
The average price of flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦3,000,000,000.
The price of the most expensive flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦30,000,000,000.
The price of the cheapest flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos is ₦3,800,000.
There are 3,633 available flats, houses, land and commercial property in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.
