houses for Rent in Banana Island

houses on Banana Island cost ₦100,000,000 to ₦100,000,000 per year. These are mansion-level properties; the pricing reflects that. Waterfront houses with jetty access command the highest rents. Interior plots are slightly cheaper but still among the most expensive in Africa. Service charges are substantial; security, road maintenance, landscaping, and island infrastructure all add up. You're paying for the most exclusive address in Nigeria; the pricing matches the prestige.

Banana Island houses are predominantly detached mansions. Think 5-8 bedrooms, multiple living areas, staff quarters with 2-3 rooms, private swimming pools, extensive garages, and manicured gardens. Some properties have private jetties for boat access. Semi-detached options are rare; most plots support standalone structures. Architectural styles range from Mediterranean to contemporary to neo-classical; each house is unique. Some are smart homes with full automation. A few terrace-style developments exist for those wanting Banana Island address at relatively lower price points.

Both options exist. Unfurnished properties run ₦100,000,000 to ₦100,000,000 yearly. Furnished mansions with imported furniture, luxury appliances, art collections, and designer interiors cost ₦5,000,000 to ₦15,000,000 more annually. At this level, furnishing means Italian marble, Miele appliances, Restoration Hardware furniture, and smart home systems. Some come with vehicles and full domestic staff setup. Properties targeting diplomats and top corporate executives often come fully kitted.

Banana Island sets the bar. Private swimming pools, professional landscaping, smart home automation, backup generators that provide uninterrupted power, treated water, central air conditioning, CCTV, intercom systems, and staff quarters are standard. The island itself provides 24/7 armed security, controlled access gates, waterfront promenades, and maintained roads. Some houses have private gyms, home cinemas, wine cellars, and rooftop terraces. Everything is luxury-grade; this is where Nigeria's big boys and big girls live.

At Banana Island price levels, thorough due diligence is essential. ExpertListing verifies all listings but you should also engage a property lawyer. Verify the C of O and confirm ownership through Lagos State Land Registry. Check for encumbrances or disputes on the property. Review estate management rules and fees in detail. Inspect the property thoroughly including structural assessment for older builds. Confirm all amenities are functional. Ensure the tenancy agreement covers every detail. Never rush; at this price point, taking your time saves millions.

Banana Island tenants are Nigeria's ultra-wealthy and top international figures. Oil and gas moguls, tech billionaires, bank chairmen, senior diplomats, and multinational CEOs on generous expat packages. Some abroad returnees coming back with serious foreign currency. Foreign nationals whose companies foot the bill. This isn't for people working their way up; it's for those who've already arrived. Monthly costs including rent, service charges, staff, and maintenance can exceed what most Nigerians earn in a year. Real talk; if you need to ask whether you can afford it, you probably can't.