Ikoyi, located to the east of Lagos Island and joined to it by a landfill, is a quiet and peaceful cosmopolitan residential area of Lagos which is home to the most established expat community in Lagos.
Ikoyi which used to be a middle-class neighbourhood during the colonial times is now the most affluent area in Lagos as there are many high rise apartment buildings, five-star hotels, modern luxury condos and flats as well as extravagant mansions built within the area.
Land for sale in Ikoyi can be found in areas like areas such as Zone J, K & L in Banana Island, Old Ikoyi, Osborne Foreshore Estate, Bourdillon, Abacha Estate, Awolowo Road, Gerard Road, Reeve Road, Parkview Estate, Ikoyi South West, 2nd Avenue Extension, Falomo to mention a few.
The price of buying a land in Ikoyi is largely dependent on the size and location of the land. The cost of buying a plot of land in Ikoyi is typically pricey compared to other areas of the Lagos Island. Land for sale at Old Ikoyi can cost as high as N4,000,000,000 and as low as N300,000,000. The cheapest plot of land for sale in Banana Island is priced at a minimum of N300,000 per square metre for 500sqm.