Onikoyi
Waterfront
Semi-Detached
Onikoyi, Banana Island, Ikoyi, Lagos State
Waterfront Facade
Living Room
Lagoon View
Master Suite
External Area
Property Overview
A Rare Waterfront Address on Banana Island
A commanding 5-bedroom waterfront semi-detached property with direct Lagoon frontage, two living rooms, and two self-contained Boys' Quarters — available immediately on a two-year lease in the most exclusive residential enclave in Nigeria.
Located in Onikoyi on Banana Island, this property occupies one of the most coveted positions on the entire island — with direct Lagos Lagoon waterfront access and uninterrupted water views from the principal living spaces. Few properties at any price point in Lagos offer this combination of address prestige, spatial generosity, and genuine waterfront position.
The dual living room configuration is a rare luxury — providing a formal reception space for entertaining and a relaxed family room for everyday living, without the compromise that a single open-plan space demands. The five bedrooms are all en-suite and generously proportioned, with the master benefiting from water views. Two separate Boys' Quarters provide flexible accommodation for domestic staff or visiting family.
Property Specification
What's Included
The Waterfront Advantage
Living on the Lagoon
A waterfront position that cannot be manufactured
Waterfront properties on Banana Island represent the rarest category in Nigerian real estate. The island's direct Lagoon frontage is finite — there is simply no way to create more of it. Properties with genuine waterfront access consistently command rental and capital premiums of 25–40% over equivalent non-waterfront units, a premium that holds through all market conditions. Waking to Lagos Lagoon views, evening breezes off the water, and the serenity of island living within 12 minutes of Victoria Island — this is what makes an Onikoyi waterfront lease genuinely exceptional.
The Onikoyi district is Banana Island's most secluded and sought-after residential quarter — known for its larger plot sizes, mature trees, and quieter character compared to the rest of the island. Residents here value privacy above all else, and the semi-detached format of this property — with generous side setbacks and the Lagoon as your back garden — delivers exactly that.
Lease Terms
Complete Cost Breakdown
All figures are indicative. Final terms subject to formal tenancy agreement. First Equitorial handles all documentation and coordinates between parties.
Location & Neighbourhood
Banana Island — The Pinnacle
- Direct Lagos Lagoon waterfront with potential private dock access
- Banana Island Club — private dining, tennis and networking for residents
- Banana Island Park — manicured green space on your doorstep
- British International School and Greenwood House within minutes
- Multi-layered 24/7 estate security with controlled access points
- Underground utilities and independent power infrastructure island-wide
- Serene, palm-lined streets entirely removed from mainland Lagos energy
- Minutes to Ikoyi's finest restaurants, boutiques and business addresses
Get in Touch
Enquire About
This Property
Contact our letting advisory team to schedule a private viewing, request additional information, or begin the tenancy application process. We respond to all enquiries promptly and with complete discretion.
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waterfront home?
Available for immediate occupation. Our letting team can arrange a private viewing at short notice — contact us today to secure your preferred date.
