There are 407 land for sale and rent in Banana Island. 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.
Direct buyers preferable land 2,000 SQMTS in residential zone within banana island estate price: N4,500,000 per SQMT call prince ademola osinuga international now to buy immediately
Banana Island, Ikoyi, Lagos
2000 sqm
Prince Ademola Osinuga International
Premium
1
₦40,500,000,000
Mixed-use land for sale
9000SQM Prime Land
This is a fantastic opportunity to own land in banana island 9,000sqm up for sale located in 3rd Avenue Title - Federal Certificate of Occupancy It can be partitioned into two equal sized sections of 4,500sqm each
Banana Island, Ikoyi, Lagos
50 Parking
9000 sqm
Ashrow Property Services LTD
Premium
1
₦28,000,000,000
Residential land for sale
Residential Land with Existing Structure
️ For sale -- prime residential land, banana island, ikoyi a rare opportunity to acquire 6,170sqm of prime residential land within the original layout of Banana Island. One of the largest contiguous plots available, positioned for high value redevelopment and long term capital appreciation. Plots of this size almost never come to market, especially in a location where supply is already fully absorbed. Property Overview - Land Size: 6,170sqm - Prime Residential Zone, Banana Island - ️ Existing Structure on Site (can be retained and remodeled or redeveloped) - Title: Certificate of Occupancy Why This Stands Out - Large scale land holding in a tightly held, high value location - Suitable for remodeling or redevelopment into a luxury estate or units of private residences - Strong scarcity advantage as Banana Island approaches full build out - Clear, bankable title suitable for institutional or private acquisition Price: ₦28,000,000,000 In this market, scale is the real advantage. And land like this does not circulate often. Call to book your private inspection today
Second Avenue, Banana Island, Ikoyi, Lagos
6170 sqm
Ubosi Eleh & Co
Premium
2
₦2,900,000,000per plot
Residential land for sale
Nicely Located Prime 710SQM of Residential Land
Secured this dream location for a beautiful residential property in the heart of banana island residential estate. It's 710sqm Price: N4m/sqm ₦2.9B Title: Lagos state C of O Agency fees; 5% If interested, Inquire for more details +2348023146279
Banana Island, Ikoyi, Lagos
Stephen Aims Real Estate LTD
Premium
1
₦3,800,000per sq.m
Residential land for sale
Waterfront 4227SQM Bare Land
Bareland measuring 4,227sqm at the mixed use area of Banana island. Fed. C of O ₦3.8m/ m² Contact us Calls: +234 809 4990 098 WhatsApp: +234 902 2220 601, +234 80 3413 5274 AI Sales Agent: +1 (555) 712-3272
Mixed Use Area, Banana Island, Ikoyi, Lagos
4227 sqm
Ash Properties & Constructions LTD.
Premium
1
₦4,500,000per sq.m
Residential land for sale
2, 245SQM Waterfront Property
Waterfront property measuring 2,245sqm at the residential zone of Banana island. This property has nested within it a 5 Detached Duplex. An interested buyer can sell the waterfront land and keep the duplex or use as is. Title: Fed & Lagos Title Price: ₦4,500,000 / sqm Contact us Calls: +234 809 4990 098 WhatsApp: +234 902 2220 601, +234 80 3413 5274 AI Sales Agent: +1 (555) 712-3272
Residential Zone, Banana Island, Ikoyi, Lagos
2245 sqm
Ash Properties & Constructions LTD.
Premium
1
₦2,000,000,000
Residential land for sale
Front Facing 500M² Parcel of Land
Residential Front Plot measuring 500sqm at Banana is available for sale Details: Land Size: 500m² Land Title: Fed. C of O Location: Situated off 3rd Avenue Land Type: Drive-In , Original Layput Price: ₦2Bn Contact: 0902 222 0601 (WhatsApp Only) 0809 499 0098 (Phone Calls Only) 0803 413 5274 (Charles)
3rd Avenue, Banana Island, Ikoyi, Lagos
Ash Properties & Constructions LTD.
Premium
2
₦5,800,000per sq.m
Land for sale
Uniquely Positioned Plots
Uniquely Positioned Plots -- Banana Island Situated within the Original layout, tucked away on a quiet street off 2nd Avenue. Land size: 4800sqm Title: Lagos State C of O Price: ₦5,800,000 / m² Contact us +2348094990098 +2349022220601 +2348034135274
Residential Area, Banana Island, Ikoyi, Lagos
4800 sqm
Ash Properties & Constructions LTD.
Premium
₦12,000,000,000
Residential land joint venture
3000 SQM Premium Land with Quick Returns on Investment
Joint venture @banana island ikoyi Size - 3000sqm Value: 12Billion Proposal: open Title :c of o Premium: Nil Fees: 10% Net. None negotiable.
Banana Island, Banana Island, Ikoyi, Lagos
3000 sqm
Ambuiltech Project & Services Ventures LTD
Premium
₦8,500,000,000
Residential land joint venture
1700 SQM Land
Banana island zero premium JV just out Land size:- 1,700sqm Residential zone. Land title:- lasg C of O Land value:- #8.5Billion (not negotiable). Proposal:- Proposal open, but must include one Detached house for the land owner Sharing ratio:- 50/50 (not negotiable) Agency fee:- 10% of total land value net. PLS note The Developer must have traceable completed projects in either Ikoyi, Victoria Island or Banana Island. No agent is permitted to write on behalf of the developer, all letters must be written on the company letter head papers of the developer and signed by him or his director The developer should also indicate in his loi the construction company he'll be engaging for this project. The agency fee's letter must come separately too. The developer should indicate in his loi that he's ready to include one Detached house in the compound for the land owner
Residential Zone, Banana Island, Banana Island, Ikoyi, Lagos
1700 sqm
Ambuiltech Project & Services Ventures LTD
ADVERTISEMENT750 × 120
Premium
₦4,200,000per sq.m
Mixed-use land for sale
Fenced Waterfront Mixed-Use Land Measuring 3400SQM
Fenced waterfront mixed-use land measuring 3400sqm for sale in Banana Island, Lagos. Price: N4,200,000 per sqm
Banana Island, Ikoyi, Lagos
3400 sqm
F. a. Esan Consulting
Premium
1
₦5,000,000,000
Mixed-use land joint venture
511.66 Acres Waterfront Reclamation Project
511.66 Acres Waterfront Reclamation Project This is a rare opportunity for experienced investors and reclamation developers to partner on one of Lagos' most significant waterfront projects. Key Highlights: Location: Banana Island Estate, Ikoyi, Lagos Land Size: 511.66 Acres (Reclaimable) Title: Survey & Registered Supreme Court Judgment Premium: ₦5 Billion JV Structure: Sharing Formula -- To Be Agreed Facilitators' Fee: ₦2 Billion + 10% land allocation (or monetised equivalent) Water Access: Accessible via the Marina Waterway Investor Responsibilities: - Perfect the property's title. - Obtain all required reclamation approvals and permits from the relevant government agencies. Transaction Process: - Letter of Intent (LOI) - Company Profile - Fee Protection Agreement (FPA) - Bank Comfort Letter
Banana Island, Ikoyi, Lagos
Jonela Concept
Premium
1
₦4,000,000,000
Residential land for sale
Plots of Land
We have different sizes, location with Lagos title fed cfo 500ms to 5000ms 5300,900mswaterfont julisuji 4m and 4,5m per
Off 3rd Avenue, Banana Island, Ikoyi, Lagos
Vallecano Ventures
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
Premium
₦4,485,000,000
Residential land for sale
897SQM Dry Land
897sqm dry land in a close available for sale in the residential area of banana island, Ikoyi available for sale. It is currently selling @5m per square meter... Price ...4.485B Title ...Federal CofO... For serious and cash ready client please...
Banana Island, Ikoyi, Lagos
Pearlaanconsult & Realties
Premium
1
₦5,150,000,000
Residential land for sale
1030SQM Corner Piece Land
1030sqm well located dry and a corner piece land in banana island, Ikoyi available for sale.. It is selling @5m per square meter net price.. Price ...5.150B Title ... federal CofO... For serious and cash ready client only please ...
Banana Island, Ikoyi, Lagos
1030 sqm
Pearlaanconsult & Realties
Premium
5Video
₦4,500,000per sq.m
Residential land for sale
Residential Land
For sale prime banana island development land a rare opportunity to acquire 1,000sqm of premium land in the heart of Banana Island, Ikoyi, Lagos---one of Africa's most exclusive luxury real estate destinations. This offering is especially attractive because there are ready buyers already positioned to acquire two separate 500sqm portions, creating an opportunity for a seamless transaction and immediate liquidity. Location: Banana Island, Ikoyi, Lagos Land Size: 1,000sqm Price: ₦4.5 Million per sqm Located in Nigeria's most prestigious residential enclave. Ideal for luxury residential development or long-term capital appreciation. Strong demand from high-net-worth investors and developers. Existing buyers are already on ground for two 500sqm allocations, making this a highly marketable transaction. Secure environment with premium infrastructure and world-class neighborhood. Serious investors and qualified buyers only. Coach Henry -- The Real Estate Doctor Siyonique Integrated Services LTD +234 813 837 1196
Banana Island, Ikoyi, Lagos
1000 sqm
Siyonique Integrated Services
Premium
2
₦2,250,000,000per plot
Land for sale
Premium Land
Land for sale at Banana Island Lagos. Landowner is selling 1000sqm, there's buyer on ground for 500sqm ready to close alongside another picking up the remaining 500sqm) Price is 4.5 million Naira per sqm net: N2.250 billion Naira Austin S.
Banana Island, Ikoyi, Lagos
500 sqm
Donfabulous Homes
Premium
1
₦4,700,000,000
Land for sale
Mixed Use Bareland Measuring 900SQM Bareland
Corner Placed Land For Sale at the Mixed Use area of Banana Island Land size: 900m² Land Title: Lagos Title Price: ₦5Bn Contact us +234 809 4990 098 +234 902 2220 601 +234 803 4135 274
Mixed Use Area, Banana Island, Ikoyi, Lagos
900 sqm
Ash Properties & Constructions LTD.
Premium
1
₦4,300,000per sq.m
Residential land for sale
600 SQM Residential Land
Prime property Prime location Fed cfo Others available Julygeor
Banana Island, Ikoyi, Lagos
Vallecano Ventures
Showing 1–20 of 407 properties
Area Guide
About Banana Island, Nigeria
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
