Find Houses for Rent or Sale in Banana Island | Apartments.ng

Banana Island, located in Ikoyi, Lagos, is one of the most exclusive and luxurious residential areas in Nigeria. Known for its upscale properties, pristine environment, and world-class amenities, Banana Island is the ultimate address for high-net-worth individuals, celebrities, and expatriates. This guide explores everything you need to know about houses in Banana Island, including property types, features, prices, and why it remains a top choice for luxury living.

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Why Choose Banana Island?

Banana Island offers an unparalleled living experience for those who desire exclusivity and luxury. Here are key reasons to choose Banana Island:

1. Prime Location: Situated in Ikoyi, a central and prestigious part of Lagos.
2. Secure Environment: Gated community with 24/7 security and surveillance.
3. World-Class Amenities: Access to private marinas, recreational centers, and high-end restaurants.
4. Architectural Excellence: Houses designed with modern aesthetics and premium finishes.
5. Prestigious Community: Home to business magnates, celebrities, and international residents.

Types of Houses in Banana Island

Banana Island boasts a variety of luxury properties tailored to different preferences:

1. Detached Mansions

• Features: Expansive homes with private pools, gardens, and multiple living spaces.
• Why Choose It: Perfect for large families or individuals seeking ultimate luxury.

2. Terraced Houses

• Features: Multi-unit homes with modern finishes, ideal for mid-sized families.
• Why Choose It: Combines exclusivity with functionality.

3. Luxury Apartments

• Features: Fully serviced apartments with state-of-the-art facilities.
• Why Choose It: Ideal for professionals or expatriates seeking convenience and comfort.

4. Waterfront Villas

• Features: Houses with breathtaking views of the Lagos Lagoon, private docks, and marinas.
• Why Choose It: Perfect for those desiring tranquility and luxury living.

Average Prices of Houses in Banana Island

Houses in Banana Island represent some of the most premium properties in Lagos, with prices reflecting their exclusivity and quality:

Rental Prices

• Luxury Apartments: ₦10 million – ₦25 million per year.
• Detached Mansions: ₦25 million – ₦50 million per year.
• Waterfront Villas: ₦40 million – ₦70 million per year.

Purchase Prices

• Luxury Apartments: ₦300 million – ₦800 million.
• Terraced Houses: ₦500 million – ₦1 billion.
• Detached Mansions: ₦1 billion – ₦5 billion.
• Waterfront Villas: ₦2 billion and above.

Amenities in Banana Island

Residents of Banana Island enjoy access to world-class amenities, including:

1. Private Marinas: Ideal for yacht owners and water enthusiasts.
2. Recreational Facilities: Gyms, swimming pools, tennis courts, and private parks.
3. Reliable Infrastructure: Steady power supply, clean water, and excellent road networks.
4. Commercial Spaces: Proximity to high-end restaurants, boutiques, and office spaces.
5. Security: Gated access, CCTV surveillance, and well-trained security personnel.

Benefits of Living in Banana Island

1. Prestigious Address: Recognized as Nigeria’s most exclusive residential area.
2. High ROI: Properties in Banana Island appreciate significantly over time.
3. Serene Environment: Peaceful and clean, away from the chaos of central Lagos.
4. Networking Opportunities: Reside among Nigeria’s elite and global professionals.
5. Proximity to Key Locations: Easy access to Victoria Island, Ikoyi, and Lagos Mainland.

Tips for Renting or Buying a House in Banana Island

1. Work with Verified Agents: Use trusted platforms like Apartments.ng to avoid scams.
2. Inspect the Property: Ensure it meets your preferences for size, location, and amenities.
3. Verify Ownership Documents: For purchases, confirm the property has valid titles like a Certificate of Occupancy (C of O).
4. Budget for Maintenance: Luxury properties often come with service charges for facilities and upkeep.
5. Understand Lease Terms: For rentals, review agreements for clear terms on rent, deposits, and service charges.

About Apartments.ng
Searching for houses in Banana Island? At Apartments.ng, we offer verified listings of luxury apartments, terraced houses, and mansions in Banana Island. Whether you’re renting or buying, our platform connects you to the most exclusive properties in Lagos.

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Are you a property owner in Banana Island? List your property for free on Apartments.ng and connect with high-net-worth buyers and tenants.

Conclusion
Banana Island is synonymous with luxury, security, and exclusivity, making it the ultimate residential choice in Lagos. Whether you’re looking for a mansion, apartment, or waterfront villa, this prestigious community has something for everyone. Start your property search today on Apartments.ng and find your dream home in Banana Island.