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Ikoyi is the premium residential enclave of Lagos and consistently the highest-priced residential real estate market in Nigeria. Properties range from ₦200m for a 3-bedroom apartment in a managed building to ₦2bn+ for trophy waterfront mansions. Supply is tightly constrained by low-density planning regulations and limited developable land. Most properties sit within secure managed estates offering concierge services, 24-hour backup power, and professional facility management. Drainage infrastructure is better maintained than most Lagos areas, with lower flood risk than Lekki or the mainland. Land title history in Ikoyi is generally cleaner than other Lagos locations — most transactions involve C of O or Governor's Consent. Buyers should conduct full due diligence including searches at the Lagos State Lands Bureau. Proximity to Victoria Island, Ikoyi Club, and the lagoon waterfront underpins enduring demand.