Land prices in Ocean Bay Estate, Lagos
Ocean Bay Estate is a gated estate in Lekki Peninsula II, Eti Osa LGA, Lagos, in the middle-income zone. Residential land is about ₦300,000 per m², so a typical 600 m² plot is about ₦180m.
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| Typical 600 m² plot | ₦180m | residential |
| Land: residential | ₦300,000 | per m² |
| Land: commercial | ₦435,119 | per m² |
| Land: industrial | ₦374,863 | per m² |
| Building: 2-bed flat | ₦162.8m | asking price |
| Building: 3-bed flat | ₦187.3m | asking price |
| Building: 4-bed house | ₦234.1m | asking price |
| Building: 5-bed house | ₦478.1m | asking price |
| Rent: 1-bed / mini flat | ₦2.6m | per year |
| Rent: 2-bed flat | ₦6.4m | per year |
| Rent: 3-bed flat | ₦8m | per year |
| Rent: 4-bed house | ₦9.8m | per year |
| Rent: shop or office | ₦61,310 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.42930, 3.55190.
Questions people ask
How much is a plot of land in Ocean Bay Estate, Lagos?
A typical 600 m² residential plot in Ocean Bay Estate, Lagos is about ₦180m (around ₦300,000 per m²) in asking prices as of October 2026. Commercial land is about ₦435,119 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ocean Bay Estate, Lagos?
About ₦8m a year for a 3-bedroom flat, ₦6.4m for a 2-bedroom flat and ₦2.6m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ocean Bay Estate, Lagos?
Asking prices for a 4-bedroom house in Ocean Bay Estate, Lagos are around ₦234.1m; a 3-bedroom flat around ₦187.3m (October 2026).