Atlantic View Estate, Lekki: Full Details and Price List

Atlantic View Estate, Lekki: Full Details, Breakdown, and Price List

Overview

Atlantic View Estate, located in Igbo Efon, Lekki, Lagos, Nigeria, is a gated residential estate along Alpha Beach Road, just before the Chevron roundabout on the Lekki-Epe Expressway. Spanning approximately 15 hectares, with 70% developed, it overlooks the Atlantic Ocean, offering scenic ocean views and a serene environment. Known for its good infrastructure, security, and proximity to business hubs like Chevron Nigeria Limited, the estate is ideal for families, professionals, and investors. Managed by a residents’ association, it is not centrally serviced but relies on resident contributions for maintenance, security, and waste management. Its strategic location, 15–30 minutes from Victoria Island, and high investment potential make it a prime choice in Lekki.

Location and Accessibility

  • Address: Atlantic View Estate, Alpha Beach Road, Igbo Efon, Lekki, Lagos, Nigeria.
  • Strategic Location: Situated just before the Chevron roundabout, the estate is 15 minutes from Victoria Island during off-peak hours and 25–30 minutes during rush hours (6:30–8:30 AM). It is accessible via Lekki-Epe Expressway and New Road, with proximity to Lekki Phase 1, Osapa London, and Chevron Drive.
  • Proximity to Amenities:
    • Education: James Hope University, Corona International School, Greensprings School.
    • Healthcare: Dove Hospital, Medplus Pharmacy.
    • Shopping and Dining: Ebeano Supermarket, Novare Mall (Shoprite), Bay Lounge, Circa Lagos, Sailor’s Lounge.
    • Recreation: Alpha Beach, Lekki Conservation Centre (1.9 miles), Nike Art Gallery (6.8 miles).
    • Business Hubs: Chevron Nigeria Limited, Lekki Free Trade Zone.
  • Accessibility: The estate has two gated entrances: one along Alpha Beach Road and another exiting toward Alpha Beach. Well-paved roads and streetlights ensure easy navigation, though the Lekki-Epe Expressway can be congested during peak hours. Good drainage systems mitigate flooding risks common in Lekki.
  • Challenges: Traffic congestion on the Lekki-Epe Expressway and reliance on a single major route to Victoria Island can extend commute times.

Developer Information

  • Developer: Atlantic View Estate was developed through a Lagos State Government land allocation scheme, with individual plot purchases and resident-driven construction. No single developer oversees the estate; the residents’ association manages security, waste disposal, and infrastructure maintenance.
  • Resident Contributions: Residents fund paved roads, drainage, security, and waste management through service charges (₦400,000–₦2,000,000/year, depending on property type). The lack of a central management authority leads to varying maintenance quality across sections.

Property Types and Features

Atlantic View Estate offers diverse properties, including duplexes, apartments, flats, and land, catering to various budgets and lifestyles. Below is a detailed breakdown based on recent listings:

1. Detached and Semi-Detached Duplexes

  • Description: Modern 4- and 5-bedroom duplexes, often with boys’ quarters (BQ), designed for families and investors. These properties feature contemporary designs and luxury finishes, many with ocean views.
  • Features:
    • All rooms en-suite with fitted wardrobes, POP ceilings, and high-quality tiles.
    • Fully fitted kitchens with appliances (oven, microwave, heat extractor, gas cooker).
    • Smart home amenities: CCTV, jacuzzi, in-built speakers, intercoms.
    • Spacious living areas, dining sections, guest toilets, and family lounges.
    • Security: Controlled estate entry, 24/7 guards, high fences, and access codes.
    • Infrastructure: Water treatment plants, boreholes, interlocked compounds, 3–4 parking spaces.
    • Additional amenities (select units): Swimming pools, security houses, maid rooms.
  • Price List:
    • Sale:
      • 4-bedroom semi-detached duplex: ₦85,000,000–₦150,000,000 (e.g., ₦85M with BQ, ₦140M with pool).
      • 4-bedroom detached duplex: ₦140,000,000–₦200,000,000.
      • 5-bedroom detached duplex: ₦120,000,000–₦270,000,000 (e.g., ₦270M with pool and BQ).
      • Average price: ₦119,835,664.
    • Rent:
      • 4-bedroom duplex: ₦5,000,000–₦8,000,000/year.
      • 5-bedroom duplex with BQ: ₦5,000,000–₦6,000,000/year (e.g., ₦5M, agency/legal: ₦500,000 each, caution: ₦500,000).
    • Title: Governor’s Consent, Certificate of Occupancy (C of O).
  • Example: A 4-bedroom semi-detached duplex with BQ in Atlantic View Estate (₦85M) features a fitted kitchen, water treatment, and 24/7 security.

2. Terrace Duplexes

  • Description: 3- and 4-bedroom terrace duplexes, ideal for middle-class families or investors, offering modern designs in a secure estate.
  • Features:
    • All rooms en-suite with fitted kitchens (cabinets, heat extractors, burners).
    • POP ceilings, CCTV surveillance, quality wardrobes, and water heaters.
    • Security: Gated estate with 24/7 guards.
    • Infrastructure: Interlocked roads, treated water, 2–3 parking spaces.
    • Additional amenities (select units): Solar panels, centralized AC, Mikano generators.
  • Price List:
    • Sale:
      • 4-bedroom terrace duplex: ₦100,000,000–₦200,000,000 (e.g., ₦120M fully serviced, ₦200M with BQ and ocean view).
      • 3 units of 4-bedroom terraces: ₦150,000,000 (service charge: ₦2M/year).
    • Rent:
      • 4-bedroom terrace duplex: ₦3,500,000–₦6,000,000/year.
    • Title: Governor’s Consent.
  • Example: A 4-bedroom terrace duplex in Atlantic View Estate (₦120M) features a swimming pool, fitted kitchen, and 24/7 electricity.

3. Apartments and Flats

  • Description: 1-, 2-, and 3-bedroom flats, including mini-flats and luxury apartments, suitable for young professionals, students, and short-term renters. Pacific Apartments, a notable project, offers 2-bedroom units with ocean views.
  • Features:
    • Fitted kitchens with cabinets, gas cookers, and appliances (microwave, fridge).
    • Modern amenities: Air conditioning, water heaters, intercoms, solar panels, elevators.
    • Spacious living areas, guest toilets, balconies, and wardrobes.
    • Serviced units include 24/7 electricity, Mikano generators, and waste disposal.
    • Security: Serene estate with access codes and 24/7 guards.
  • Price List:
    • Sale:
      • 2-bedroom flat: ₦36,000,000–₦75,000,000 (e.g., ₦50M/unit, initial deposit 50% with 6-month balance spread).
      • 3-bedroom flat: ₦35,000,000–₦55,000,000 (e.g., ₦55M with gym).
      • Block of 2-bedroom flats: ₦65,000,000.
    • Rent:
      • 1-bedroom mini-flat: ₦1,000,000–₦2,200,000/year (e.g., ₦1M, agency/legal: 10%, service: ₦250,000).
      • 2-bedroom flat: ₦2,000,000–₦7,000,000/year (average: ₦3,000,000/year, e.g., ₦7M ocean-view unit).
      • 3-bedroom flat: ₦2,500,000–₦6,000,000/year (e.g., ₦6M with BQ, service charge: ₦540,000).
      • Short-let (2-bedroom): ₦300,000/month (estimated).
    • Title: Governor’s Consent.
  • Example: A 2-bedroom flat in Pacific Apartments, Atlantic View Estate (₦50M) offers ocean views, solar panels, and a 24-month payment plan.

4. Land

  • Description: Residential plots (600–18,281 sqm) for custom development, often fenced and gated, with some offering ocean views.
  • Features:
    • Sand-filled, dry plots with access to paved roads and streetlights.
    • Titles: Certificate of Occupancy, Gazette, or Deed of Assignment.
    • Proximity to Alpha Beach and Chevron roundabout.
  • Price List:
    • 600–660 sqm: ₦150,000,000 (e.g., ₦150M fenced and gated).
    • 18,281 sqm (ocean view): ₦800,000,000 (C of O).
    • Plot with demolishable structure (twins duplex): ₦250,000,000.
  • Example: A 660 sqm fenced plot in Atlantic View Estate (₦150M) with Gazette is ideal for residential development.

5. Commercial Properties

  • Description: Limited commercial spaces, primarily land or converted properties along Alpha Beach Road.
  • Features: High-traffic locations suitable for retail or offices.
  • Price List:
    • Commercial land (size unspecified): ₦250,000,000–₦800,000,000.
  • Example: A plot with a converted twins duplex near Chevron (₦250M) is suitable for commercial use.

Estate Amenities and Infrastructure

Atlantic View Estate is a gated, non-serviced community with resident-driven amenities:

  • Security: Two gated entrances with 24/7 security personnel (armed and unarmed). Visitors must call residents for entry, ensuring safety with no reported robberies.
  • Roads and Drainage: Well-paved roads with streetlights and a good drainage system, reducing flooding risks. Some internal roads may need maintenance.
  • Power: No central generator; electricity via EKEDC with prepaid meters. Residents use personal generators or inverters, with serviced units offering 24/7 power (e.g., ₦500,000–₦2M/year service charge).
  • Water: No central water supply; boreholes with treatment plants provide clean water to individual properties.
  • Waste Management: Handled by Lagos State Waste Management Authority (LAWMA), with residents contributing to upkeep.
  • Recreational Facilities: No dedicated sports facilities within the estate; residents access Alpha Beach, Lekki Conservation Centre, or nearby lounges (Bay Lounge, Sailor’s Lounge).
  • Commercial Hubs: Ebeano Supermarket, Chevron quarters, and Novare Mall are within 5–10 minutes.

Pricing and Investment Details

  • Average Property Prices:
    • Houses for sale: ₦119,835,664 (average), ranging from ₦35,000,000 (flats) to ₦1,000,000,000 (luxury duplexes).
    • Houses for rent: ₦6,000,000/year (average), ranging from ₦1,000,000 (mini-flats) to ₦50,000,000 (luxury units).
    • Land: ₦150,000,000–₦800,000,000 (600–18,281 sqm).
  • Investment Potential:
    • High ROI for rentals (₦2M–₦8M/year) and short-lets (₦300,000/month) due to proximity to Chevron and ocean views, ideal for Airbnb investments.
    • Capital appreciation driven by Lekki’s growth, with land prices rising from ₦200,000 (early 2000s) to ₦150M+ today.
    • Affordable entry points for flats (₦35M) and terraces (₦100M) attract middle-income investors.
  • Titles: Governor’s Consent, C of O, or Deed of Assignment ensure secure ownership.

Awards and Recognition

  • Infrastructure Quality: Praised for well-paved roads, good drainage, and streetlights, distinguishing it from other Lekki estates.
  • Safety: Recognized as a secure neighborhood with no reported robberies, appealing to families and professionals.

Challenges and Considerations

  • Traffic: Congestion on Lekki-Epe Expressway extends commute times during peak hours.
  • Power Costs: Reliance on personal generators increases living expenses, especially for non-serviced units.
  • Flooding Risks: While drainage is generally good, heavy rains may affect low-lying areas near Alpha Beach.
  • Market Verification: Buyers must confirm titles and agent credentials to avoid scams, particularly for low-priced properties (e.g., ₦500,000 units).
  • Service Charges: High service fees (₦400,000–₦2M/year) for serviced units can add to costs.

Recent Developments

  • New Listings: Recent properties include a 5-bedroom detached duplex with pool (₦270M), 4-bedroom terrace duplex (₦120M), and 2-bedroom flats (₦50M).
  • Pacific Apartments: A new project offering 25 exclusive 2-bedroom units (₦50M/unit) with ocean views and a 24-month payment plan.
  • Infrastructure Growth: Ongoing developments like the Lekki Deep-Sea Port and proposed Lagos-Calabar Coastal Highway are expected to boost property values.

Why Choose Atlantic View Estate?

  • Ocean Views: Scenic Atlantic Ocean views enhance lifestyle and investment appeal.
  • Affordability: Offers budget-friendly flats (₦1M/year) and luxury duplexes (₦270M) for diverse budgets.
  • Prime Location: 15–30 minutes from Victoria Island, with access to Chevron, Alpha Beach, and Lekki Conservation Centre.
  • Security: Gated, access-controlled estate ensures safety.
  • Investment Potential: High rental yields and capital appreciation in a growing market.

Contact Information

  • Real Estate Agents:
    • Arch Spring Properties: +2349138825038, +2349074491655 (Pacific Apartments, ₦55M).
    • Innerworkings Investments Ltd: +2348063531327 (3-bedroom apartment, ₦55M).
    • Datikomisha Nig Ltd: +2348028594371 (5-bedroom duplex, ₦130M–₦270M).
    • Cavier Property Investments: +2348056842804 (4-bedroom terrace, ₦200M).
    • 4Tee Properties: +2348138626902 (2-bedroom flat, ₦1.2M/year).
  • Note: Verify agent credentials, avoid inspection fees above ₦5,000, and confirm titles (C of O, Governor’s Consent) before payments. Meet agents in public locations.

Conclusion

Atlantic View Estate in Lekki, Lagos, is a secure, scenic residential hub offering flats, duplexes, and land with ocean views. Its prime location, 15–30 minutes from Victoria Island, proximity to Chevron, and robust infrastructure make it ideal for families, professionals, and investors. Despite challenges like traffic and power costs, the estate’s high ROI potential, driven by Lekki’s growth and projects like Pacific Apartments, enhances its appeal. Buyers and renters should verify titles and agent credentials through platforms like Nigeria Property Centre or PropertyPro Nigeria for secure transactions. Atlantic View Estate is a top choice for those seeking a vibrant, investment-friendly lifestyle in Lekki.

Disclaimer: Prices and availability are subject to change. Verify details with authorized agents before proceeding.

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