Nigeria Property Centre

Residential Land in Banana Island, Ikoyi, Lagos

There are 228 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.

723SQM Waterfront Plot with Foundation and Building Approval
Featured
2
₦4,000,000,000

Residential land for sale

723SQM Waterfront Plot with Foundation and Building Approval

723 sqm waterfront plot with piling foundation, building approval and jetty approval Seller will construct the jetty Lagos cfo Let's talk if you are cash ready May

2nd Avenue, Banana Island, Ikoyi, Lagos
Vallecano Ventures
Featured
₦4,000,000

Residential land for sale

1, 000SQM of Land@ Banana Island

1,000SQM of land for sale* *location:banana island,lagos* *the price has been reduced from N4.2M to N4M per SQM* - Land measuring 1,000 sqm - At residential zone axis of Banana island estate, Ikoyi Lagos. - Title: Federal C of O - price: N4m per sqm net Vol 21 37

Banana Island, Ikoyi, Lagos
1000 sqm
Crestforesight Homes & Properties LTD
Cornerpiece Land Measuring 2, 000SQM
Featured
3
₦4,500,000

Residential land for sale

Cornerpiece Land Measuring 2, 000SQM

*Verified 2,000 Sqms Cornerpiece Banana Island Ikoyi Plot Sale* *Not Reclaimed Land - Original Layout* *Location* Directly on 3rd Avenue Residential Zone P Cornerpiece bareland Size: 2,000sqms *Title* Fed C of O *Price* ₦4.5m per sqm

Zone P, Banana Island, Ikoyi, Lagos
Breathing Space.
500 SQM Land - Front Plot
Featured
1
₦4,500,000

Residential land for sale

500 SQM Land - Front Plot

Ref: VI - nse - 8 Description:500 Sqm Land - Front Plot Title: Federal C of O Location: Banana Island, Ikoyi Lagos. Purpose: Residential Use Price: 4.5m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715

Banana Island, Ikoyi, Lagos
500 sqm
No SQM Escapes
Urgent Plots of Land
Featured
1
₦4,000,000,000

Residential land for sale

Urgent Plots of Land

Distress seller 2 units 500 sqm at 2,250b each #4,5b Title fed cfo This plots are Not recently sandfilled available julisujim

Off 3rd Avenue, Banana Island, Ikoyi, Lagos
Vallecano Ventures
Parcel of Land
Featured
1
₦4,500,000

Residential land for sale

Parcel of Land

For sale location: Banana island ikoyi Corner Piece 2025sqm (can sell 1000sqm) Title : Federal cofo & Governor's Consent Price : N4.5M Per Sqm _grg_

Banana Island, Ikoyi, Lagos
2025 sqm
Teta Homes
Featured
₦4,000,000,000

Residential land for sale

1, 000 Square Meters Hot Plot of Land

*deal -- banana island 1,000 SQM plot title Federal C of O ₦4Billion* Clean deal on one of Banana Island's most sought-after streets. *Location: Banana Island, Ikoyi, Lagos *Land Size:* 1,000 sqm *Title:* Federal Certificate of Occupancy *Price*: ₦4M per sqm net = ₦4B total *Deal Type:* Direct dealing with landowner *Why this moves fast*: - prime residential zone with high capital appreciation - 1,000 sqm is the standard plot size for luxury single-family homes in Banana Island - Federal C of O ensures secure, bankable transaction with no title risk - Direct deal = no chain, faster closing for ready buyers *For serious, financially ready buyers only.*

Banana Island, Ikoyi, Lagos
1000 sqm
Teta Homes
Featured
₦4,000,000

Residential land for sale

1000 SQM Land

Ref: IK - nse - 7 Description: 1,000 SQM Land (Residential) Title: Federal C of O Location: Banana Island Ikoyi Purpose: Residential Use Price: 4m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715

Banana Island, Ikoyi, Lagos
998 sqm
No SQM Escapes
Featured
₦4,200,000

Residential land for sale

2, 025 SQM Corner-Piece Land

Ref: IK - nse - 6 Description: 2025 SQM - Corner Piece Land Title: Federal C of O Location: Banana Island Ikoyi Purpose: Residential Use Price: 4.2m Per SQM Brokerage: 5% For More Information, Kindly Call/WhatsApp: Phone: 08180295362, 08035703715

Banana Island, Ikoyi, Lagos
2025 sqm
No SQM Escapes
Prime 1, 000 SQM Land
Featured
1
₦3,700,000

Residential land for sale

Prime 1, 000 SQM Land

Prime 1,000 SQM Land Own a piece of luxury in one of Lagos' most prestigious addresses. Location: Banana Island, Ikoyi, Lagos, Nigeria Size: 1,000 sqm Price: ₦3,700,000 per sqm Title: Federal C of O Situated in an elite, fully serviced environment, Banana Island offers unmatched exclusivity, excellent infrastructure, and strong capital appreciation. Ideal for a luxury residence or a high-yield investment in a prime, high-demand location. For enquiries and viewing, Forward a direct message or call WhatsApp: (+234) 08050706179, 09053588569, 08154029096 Office: Suite C3, yob shopping complex, Ologolo road, Lekki Peninsula II, Lagos, Nigeria Website: www.overhplusproperties.com

Banana Island, Ikoyi, Lagos
1000 sqm
Overhplus Properties Limited
500SQM Original Land Mixed-Use Zone Banana Island, Ikoyi
Featured
1
₦4,500,000

Residential land for sale

500SQM Original Land Mixed-Use Zone Banana Island, Ikoyi

Banana Island Has Two Categories of Land. Original. And Everything Else. This Is Original. With Federal Title. And Mixed-Use Zoning. It Will Not Come Back at This Price. The problem There is a category of Lagos real estate conversation that happens only at a certain altitude. Not at the level of comparing Lekki Phase 1 apartments. Not at the level of evaluating Victory Park Estate or Cowrie Creek. Not even at the level of Bourdillon Road or Kingsway Ikoyi. At the level where the only remaining question is: which plot on Banana Island? The professionals and investors who operate at this altitude already know what Banana Island represents in the West African wealth landscape. They know the controlled access. The managed island environment. The resident profile --- diplomats, central bank governors, group managing directors, the top tier of Nigerian and international corporate and family wealth. They know the price trajectory. They have watched it. And they have been watching this specific asset class --- original Banana Island land with Federal title in a mixed-use zone --- for long enough to understand that it does not wait for anyone who is still deciding. The question at this altitude is not whether Banana Island land is worth acquiring. The question is whether you are the person who moves when the position is available. The agitation Here is the specific cost of the Banana Island land deliberation cycle --- the one that has kept serious capital on the sideline while the supply has contracted. Banana Island is a fixed landmass. It was planned and developed. The original plots were allocated. The reclamation activity in adjacent areas has added new land --- but it has not added original Banana Island land. What existed originally is what exists today. As families consolidate holdings, as developers acquire and build, as time passes and fewer original plots remain in circulation, the supply available for acquisition on the open market decreases. It does not recover. A plot of original Banana Island land that leaves the market does not typically return. The person who buys it builds on it, holds it, or passes it down. The scarcity that drives the per-sqm pricing on this island is not artificial. It is mathematical. Finite land. Expanding demand from a growing pool of African HNW individuals for whom this address is the legitimate target. Every year a qualified buyer watches this market without acting is a year the available original plots become fewer and the entry price becomes higher. The investor who acquired original Banana Island land five years ago is not selling at ₦4.5M/sqm. The developer who acquired ten years ago has already built, sold, and recognised a return that justifies the land cost many times over. The person reading this listing is looking at the same asset class --- original land, Federal title, mixed-use zoning --- at today's price. The question is only whether they will be in the group that acted or the group that watched. The solution 500 square metres of original Banana Island land. Mixed-use zoning. Federal Certificate of Occupancy. ₦4,500,000 per square metre. Total: ₦2,250,000,000. This is the most precisely qualified residential land position in the Smilebay Realties portfolio --- and it carries three specific advantages that every serious buyer must understand before evaluating the price. "Original Banana Island land" is not a marketing phrase. It is a geological, legal, and structural distinction. Banana Island's reclamation activity has produced new land parcels over the years. New reclamation carries different characteristics from original island land: settlement periods, different drainage behaviour, different infrastructure age, different title histories, and in some cases different regulatory treatment. Original Banana Island land --- the plots that were allocated as part of the island's initial planned development --- has none of these risks. The soil is settled. The infrastructure was built for original parcels. The title history is clean and deep. The distinction matters for every calculation the developer or buyer makes: structural engineering assumptions, construction timeline, regulatory process, and resale positioning. Buyers who know Banana Island know to ask "original or reclaimed?" This plot is original. That question is already answered. Mixed-use zoning on 500sqm of Banana Island land is a development multiplier. A purely residential plot on Banana Island supports a single-family detached house or, at most, a private residential development for one household. Mixed-use zoning changes the development calculus entirely. On this 500sqm plot, the approved development types include a block of serviced apartments --- each of which, on Banana Island, commands rental and sale values that the per-sqm acquisition cost of this land looks very different against. The mixed-use designation does not obligate a developer to build commercial --- it gives them the optionality to build either a premium private residence or a multi-unit income-generating development on the same land. At ₦2.25B acquisition, the developer who builds a boutique premium apartment block on Banana Island --- fully serviced, Federal title, original island address --- is not speculating on an exit. They are filling demonstrated, persistent demand with a product whose supply has been structurally constrained for decades. Federal Certificate of Occupancy --- the title that ends the conversation. In Nigerian land law, no title instrument outranks a Federal CofO. It is issued directly by the Federal Government. No Lagos State consent chain is embedded in it. No community or traditional ruler approval sits in its history. No conversion process is required. Your solicitor's due diligence on a Federal CofO on Banana Island is the cleanest, shortest title verification exercise available in Lagos premium land. It ends at the Federal Government. That is where it should end --- and that is where this one ends. 500sqm in a mixed-use zone is the development footprint for multiple configurations. For the private residence buyer, 500sqm on Banana Island is a full, uncompromised compound --- room for the house, the pool, the outdoor living space, the parking, and the setbacks required by the island's building standards. For the developer building a boutique apartment block, 500sqm of ground floor plate in a mixed-use zone on Banana Island, built to the island's premium standard, produces a project whose units are pre-sold before construction is complete. Both configurations are permitted. Both represent a legitimate development thesis at this address. Banana Island's controlled access is the environmental protection on the value of this land. The island has one entry point for vehicles. It is managed. The resident profile is self-selecting at the top of the Lagos and continental income distribution. The security is perimeter-level --- the entire island is the controlled zone --- not just a gated compound within a public road network. The environment this produces is the reason the per-sqm pricing has moved in one direction for twenty years. That pricing is the direct output of the controlled, managed, scarce residential environment. Buying land here is buying into the mechanism that protects its value --- not just the plot itself. Banana Island sits above sea level and its drainage infrastructure was designed from the island's original planning. The island's road and drainage systems were built as part of a planned development rather than retrofitted onto existing terrain. Banana Island does not flood in the way that unplanned or poorly drained Lagos neighbourhoods do. The infrastructure was designed first. Everything else was built inside it. Smilebay Realties does not list properties in flood-prone areas. This plot --- on a planned, managed island with original drainage infrastructure --- was assessed against that standard before listing. It passed. You are not acquiring land whose value will be tested every rainy season. You are acquiring land on an island whose physical design resolved that question before the first building was built. Price: ₦4,500,000/sqm. Total for 500sqm: ₦2,250,000,000. Federal CofO. Original Banana Island land. Mixed-use zone. Ready for solicitor review and site inspection today. The call to action Banana Island original land with Federal CofO in a mixed-use zone does not describe a common listing. It describes a rare one. The buyer for this plot has capital structured at the ₦2.25B level --- whether for development, for private residence, or for portfolio acquisition. They understand what Federal CofO means for their due diligence timeline. They know the distinction between original and reclaimed Banana Island land. They are not evaluating this for the first time --- they have been watching this address long enough to recognise the significance of this position when it becomes available. Federal CofO available for immediate solicitor review. Site visit arranged at your schedule. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Original Banana Island land does not return to the market after it leaves. This is the moment it is available. 500sqm Original Banana Island Land Mixed-Use Zone (Block of Flats or Detached House) Title: Federal Certificate of Occupancy Ready for Due Diligence Price: ₦4,500,000/sqm Total: ₦2,250,000,000 Banana Island, Ikoyi, Lagos Listed by Smilebay Realties Limited Ref: 3418370

Banana Island, Ikoyi, Lagos
500 sqm
Smilebay Realties Limited
Prime Residential Land with Existing Structure
Featured
17
₦28,000,000,000

Residential land for sale

Prime Residential Land with Existing Structure

This is a rare opportunity to acquire a large 6,170sqm parcel of prime residential land located within the original layout of Banana Island, one of Lagos' most prestigious and exclusive neighborhoods. The property is ideal for high-value redevelopment and offers strong long-term investment potential in a location where available land is extremely limited. The property includes an existing structure that can either be retained and remodeled or cleared for a complete redevelopment, depending on the buyer's vision. It also comes with a secure and bankable Certificate of Occupancy title. Its scale and positioning make it particularly attractive, as plots of this size are rarely available in Banana Island. With the area nearing full development, this presents a unique opportunity to develop a luxury estate or multiple high-end residences in a tightly held, high-value location. Title: Certificate of Occupancy Kindly call for more information and to schedule for inspection.

Banana Island, Ikoyi, Lagos
6170 sqm
17 Three Digital Realtors
Distress 1000SQM Land
Featured
1
₦4,200,000

Residential land for sale

Distress 1000SQM Land

Distress sale I have this property for sale in Banana Island going for 3.8m per sqm2,which is measuring 1000 m2 but the owner is ready to sale half of it. Osas dredger

Banana Island, Ikoyi, Lagos
5 1000 sqm
Best Grand Masters Realty
Prime 1, 000SQM Residential Bare Land
Featured
1
₦3,900,000

Residential land for sale

Prime 1, 000SQM Residential Bare Land

Located within the prestigious Banana Island Estate, Ikoyi, this premium parcel offers an excellent opportunity for luxury residential development in one of Lagos' most sought after neighborhoods. Title: Federal Certificate of Occupancy (C of O) Price: ₦3.9 Million per sqm net. Note: The land has been fully reclaimed since 2012, ensuring stability and readiness for immediate development. Ideal for investors or individuals looking to build a high-end residence in an exclusive and secure environment.

Banana Island, Ikoyi, Lagos
1000 sqm
Havenbay Concept Designs and Homes
Featured
₦3,700,000

Residential land for sale

2000SQM Residential Land

Land for sale in banana island ikoyi Land measuring 2,000 sqm At residential zone axis of Banana island estate, Ikoyi Lagos. Title: Fedral C of O price: N3.7m per sqm Note: the land was reclaimed since 2012. Contact us for more details on inspection: 07014452974

Banana Island, Ikoyi, Lagos
2000 sqm
R.W Properties & Consultant LTD
Developers Delight for Luxury Residential 710SQM
Featured
2
₦2,900,000,000

Residential land for sale

Developers Delight for Luxury Residential 710SQM

Overview : Discover an exclusive opportunity to invest in prime luxury land located in the heart of Ikoyi, Lagos. This prestigious area is renowned for its affluent lifestyle and high-end real estate developments Amenities: The estate features well-paved roads, excellent security systems, and quality estate management services. Investment Potential: Investing in this luxury land not only provides a beautiful setting for your future home but also represents a sound financial investment. The Ikoyi area has shown consistent appreciation in property values due to ongoing infrastructural developments and increasing demand for residential properties. Luxury residential land in a beautiful view of the estate. It's fully secured and very serviced with 24-hour power and security. It has a prestigious Neighborhood and residential developments that are nothing more than luxury living. Title: C of O Asking: ₦2.9B If interested, +2348023146279 Stephen Aims Real Estates Ltd.

Banana Island, Ikoyi, Lagos
700 sqm
Stephen Aims Real Estate LTD
Land 2, 000 SQMTS in Residential Zone
Featured
1
₦3,500,000

Residential land for sale

Land 2, 000 SQMTS in Residential Zone

Direct buyers preferable land 2,000 SQMTS in residential zone within banana island estate price: N3,500,000 per SQMT call prince ademola osinuga international now to buy immediately

Banana Island, Ikoyi, Lagos
2000 sqm
Prince Ademola Osinuga International
Well Located Prime 850SQM Waterfront Land
Featured
2
₦4,700,000,000

Residential land for sale

Well Located Prime 850SQM Waterfront Land

Well located in a serene close is this beautiful piece of waterfront land already fenced. Size: 850sqm Price: N5.5m/Sqm Title: Fed. C of O Total: N4.7B If interested, Stephen Aims Real Estate Ltd +2348023146279

Banana Island, Ikoyi, Lagos
Stephen Aims Real Estate LTD
Land Measuring 4, 500SQM
Featured
1
₦4,500,000

Residential land for sale

Land Measuring 4, 500SQM

4,500 Sqms Waterfront Zone J Fed CofO N4.5m per sqm ono

Banana Island, Ikoyi, Lagos
4500 sqm
Breathing Space.
Featured
₦4,600,000

Residential land for sale

5, 300SQM, 3, 000SQM, 2, 300SQM Waterfront Land with Built-Up Jetty

5,300sqm, 3,000sqm, 2,300sqm waterfront land with built-up Jetty on the Adenuga side of Banana Island. Fed.C.of.O Price:N4.6m per sqm

Banana Island, Ikoyi, Lagos
Keland & Associates

Showing 41–60 of 228 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

Read the full area guide
FAQ

Frequently asked questions

There are 228 available residential land in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.