Lagos › Ikoyi › Banana Island
Banana Island is an artificial island connected to Ikoyi by road, serving as Lagos's single most exclusive residential address. Developed by Eko Hotels Group, it features wide estate roads, serviced plots, and the highest concentration of luxury homes in Nigeria. Three-bedroom houses start from ₦20m per year to rent; the island's top mansions exceed ₦100m per year. Power is virtually uninterrupted — all residences run full generator systems with fuel supplied as part of service agreements. Security is stringent: the island has a single manned gate, 24-hour patrols, and CCTV. No flooding risk — the island has dedicated drainage and sea wall protection. Close to Ikoyi Club and a short drive to VI. Occupied by former heads of state, billionaires, ambassadors, and top corporate executives. The address itself is a statement. Popular searches: houses for rent Banana Island Lagos, Banana Island property prices, living in Banana Island Ikoyi.