Land prices in Ocean Parade Estate, Lagos
Ocean Parade Estate is a gated estate in Banana Island, Ikoyi, Eti Osa LGA, Lagos, in the prime zone. Residential land is about ₦4.1m per m², so a typical 600 m² plot is about ₦2.46bn.
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| Typical 600 m² plot | ₦2.46bn | residential |
| Land: residential | ₦4.1m | per m² |
| Land: commercial | ₦5.9m | per m² |
| Land: industrial | ₦2.3m | per m² |
| Building: 2-bed flat | ₦425.9m | asking price |
| Building: 3-bed flat | ₦516.4m | asking price |
| Building: 4-bed house | ₦672.3m | asking price |
| Building: 5-bed house | ₦1.83bn | asking price |
| Rent: 1-bed / mini flat | ₦7.4m | per year |
| Rent: 2-bed flat | ₦18.5m | per year |
| Rent: 3-bed flat | ₦23.2m | per year |
| Rent: 4-bed house | ₦26.7m | per year |
| Rent: shop or office | ₦837,897 | per m² per year |
Eti Osa LGA as a whole: ₦504,000 per m² median. Coordinates 6.46650, 3.44480.
Questions people ask
How much is a plot of land in Ocean Parade Estate, Lagos?
A typical 600 m² residential plot in Ocean Parade Estate, Lagos is about ₦2.46bn (around ₦4.1m per m²) in asking prices as of October 2026. Commercial land is about ₦5.9m per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Ocean Parade Estate, Lagos?
About ₦23.2m a year for a 3-bedroom flat, ₦18.5m for a 2-bedroom flat and ₦7.4m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Ocean Parade Estate, Lagos?
Asking prices for a 4-bedroom house in Ocean Parade Estate, Lagos are around ₦672.3m; a 3-bedroom flat around ₦516.4m (October 2026).