Banana Island
Lagos property intelligence · data as of 8 June 2026
The most listed property class in Banana Island is the 3 bedrooms with 44 active listings. Median asking price is ₦880.0M. Median annual rent is ₦44.5M. That implies a gross yield of 5.1% before operating costs.
Price Movement Over Time
Monthly median asking prices from 23 dated listings over 4 months
Prices by Bedroom Count
81 sale + 62 rental listings
1-Bed
Median Sale Price
—
0 listings
Median Rent / Year
₦15.0M
1 listing
2-Bed
Median Sale Price
₦622.5M
4 listings
Median Rent / Year
₦35.0M
9 listings
3-Bed
Most ListedMedian Sale Price
₦880.0M
26 listings
Median Rent / Year
₦44.5M
18 listings
4-Bed
Median Sale Price
₦2.0B
14 listings
Median Rent / Year
₦62.5M
22 listings
5-Bed
Median Sale Price
₦4.9B
25 listings
Median Rent / Year
₦79.9M
12 listings
6-Bed
Median Sale Price
₦5.3B
12 listings
Median Rent / Year
—
0 listings
Overall Market Summary
Aggregated across all property classes. The bedroom breakdown above is more useful for actual decision-making.
Median Sale (All)
₦2.3B
₦100.0M – ₦10.9B
Median Rent (All)
₦50.0M
₦170K – ₦100.0M
Gross Yield
2.2%
All classes combined
Net Yield
0.5%
After Lagos Reality Factor
Prices by Property Type
Flats, duplexes, detached houses, and other property types compared.
| Type | Median Sale | Median Rent/yr | Gross Yield | Sale | Rent |
|---|---|---|---|---|---|
| flat | ₦925.0M | ₦37.5M | 4.1% | 30 | 20 |
| other | ₦1.5B | ₦60.0M | 3.9% | 12 | 13 |
| duplex | ₦2.0B | ₦62.5M | 3.1% | 1 | 4 |
| mansion | ₦4.9B | ₦65.0M | 1.3% | 1 | 1 |
| terrace | ₦3.0B | ₦60.0M | 2.0% | 4 | 13 |
| detached | ₦5.5B | ₦170K | 0.0% | 25 | 1 |
| penthouse | ₦3.2B | ₦70.0M | 2.2% | 4 | 2 |
| semi detached | ₦2.9B | ₦79.9M | 2.8% | 4 | 8 |
Lagos Reality Factor
Banana Island falls in the ultra_premium tier. These are the annual costs every landlord pays but no listing ever shows.
What this means: On a median rent of ₦50.0M/yr, these costs consume 42% of your gross rental income — reducing yield from 2.2% to 0.5%.
Banana Island Property FAQ
What is the average rent in Banana Island?
The median annual asking rent in Banana Island, Lagos is ₦50.0M, per Scout data as of 8 June 2026 (based on 62 rental listings).
What is the average property price in Banana Island?
The median asking sale price in Banana Island, Lagos is ₦2.3B, as of 8 June 2026 (based on 81 for-sale listings).
What is the rental yield in Banana Island?
Banana Island has an implied gross rental yield of 2.2%, or about 0.5% net after Lagos operating costs (diesel, service charge, management).
How many listings is the Banana Island data based on?
These figures are derived from 143 active public property listings in Banana Island, with outliers and duplicates removed (high confidence).