Edgewater Estate Lekki (Complete Breakdown + Price List)

Edgewater Estate, Lekki: Full Details With Complete Breakdown + Price List

Overview

Edgewater Estate, also referred to as Edgewaters Estate, is a modern residential development located in Lekki Phase 1, Lagos, Nigeria. Situated in the upscale Ikate Elegushi area along Freedom Way, this estate is known for its serene environment, contemporary architecture, and proximity to major business and leisure hubs. Designed to cater to affluent residents and investors, Edgewater Estate offers a blend of luxury, security, and convenience, making it a prime choice for those seeking high-end living in Lekki’s vibrant real estate market.

Note: There is limited specific data on Edgewater Estate itself, so some details are aggregated from similar properties and estates in Lekki Phase 1, particularly Ikate Elegushi, to provide a comprehensive overview.

Location and Accessibility

  • Location: Edgewater Estate is situated in Ikate Elegushi, Lekki Phase 1, along Freedom Way, close to the Lekki-Epe Expressway. It is near prominent estates like Prime Water View Estate and landmarks such as Nike Art Gallery, Centro Lekki Mall, and the Lekki Conservation Centre.
  • Accessibility:
    • Approximately 20–25 minutes to Victoria Island during off-peak hours and 45 minutes to 1 hour 30 minutes during rush hour (6:30 AM–8:00 AM).
    • The Lekki-Epe Expressway provides a well-tarred main route, with estate roads being paved and accessible.
    • Nearby amenities include Novare Mall Shoprite, Corona School, and recreational spots like Leisure Sports Park and Kos Lagos.
  • Strategic Advantage: Its location in Lekki Phase 1, one of Lagos’ most prestigious areas, ensures proximity to major business districts (Victoria Island, Ikoyi) and upcoming developments like the Lekki Free Trade Zone and proposed Fourth Mainland Bridge.

Infrastructure and Amenities

  • Gated Community: Edgewater Estate is a secured, gated estate with 24/7 security, including uniformed personnel, CCTV surveillance, and strict visitor clearance protocols.
  • Road Network: Well-paved, interlocked roads within the estate with functional drainage systems, ensuring a flood-free environment. External roads to Freedom Way are in good condition, with minimal congestion.
  • Utilities:
    • Electricity: 24/7 power supply supported by estate infrastructure, often supplemented by prepaid meters and residents’ generators/inverters. Power deposit: ~₦100,000 upfront for prepaid meters.
    • Water Supply: Reverse osmosis water treatment plant provides clean, treated water.
    • Internet: High-speed broadband Wi-Fi available throughout the estate.
    • Waste Management: Regular waste collection managed by the estate authority.
  • Recreational Facilities:
    • Swimming pool for residents.
    • Fully equipped gym.
    • Recreational areas for leisure and family bonding.
  • Additional Features:
    • Dedicated parking spaces for residents and guests.
    • Inbuilt speakers in select units for entertainment.
    • Access to Netflix, YouTube, DSTV, and PS5 consoles in short-let properties.
    • Daily housekeeping and chef-on-demand services for short-let units.
  • Service Charges:
    • Annual service charge: ₦400,000–₦600,000 (varies by property type; excludes estate levy).
    • Additional fees (e.g., caution, agency, legal): 10% each of the annual rent or booking cost.
  • Nearby Amenities: Proximity to Ikota Shopping Complex, The Lennox Mall, Blenco African Market, Elegushi Modern Market, and recreational spots like Hungrybelly Restaurant and Lekki Arts and Crafts Market.

Property Types and Features

  • Property Types: Edgewater Estate primarily offers apartments (1–2 bedroom flats), with some duplexes and off-plan developments (1–4 bedroom apartments with terraces and BQ).
  • Features (based on listings and similar properties in Ikate Elegushi):
    • 1-Bedroom Apartments:
      • En-suite rooms with modern sanitary wares.
      • Spacious living room and dining area.
      • Fully fitted kitchen with contemporary appliances (microwave, oven).
      • Guest toilet and balcony.
      • High-quality tiles, POP ceilings, and ample parking.
      • Features like CCTV, inbuilt speakers, and smart TVs in short-let units.
    • 2-Bedroom Apartments (off-plan or completed):
      • Similar features to 1-bedroom units, with larger living spaces and additional en-suite bedrooms.
      • Walk-in closets and modern bathroom fittings in select units.
    • Duplexes (limited availability):
      • 4–5 bedroom semi-detached or fully detached units with BQ.
      • Spacious compounds, private lounges, study rooms, and fully equipped kitchens with pantries.
      • Additional amenities like swimming pools, gyms, or private cinemas in high-end units.
  • Title: Properties typically come with a Governor’s Consent or Certificate of Occupancy (C of O).

Price List

Note: Prices are based on recent listings for Edgewater Estate and similar properties in Lekki Phase 1, particularly Ikate Elegushi. Prices may vary based on property condition, completion level, and market trends.

For Sale

  • Apartments:
    • 1-Bedroom Apartment: ₦120,000,000 (e.g., brand new, en-suite, fully fitted kitchen, Governor’s Consent).
    • 2-Bedroom Apartment (Off-Plan): ₦150,000,000–₦200,000,000 (930 apartments project, includes open terrace and BQ).
    • Average Price: ₦135,000,000 (range: ₦120,000,000–₦240,000,000 for similar properties in Lekki Phase 1).
  • Duplexes (based on similar estates in Ikate Elegushi):
    • 4-Bedroom Semi-Detached Duplex: ₦280,000,000–₦400,000,000.
    • 5-Bedroom Fully Detached Duplex: ₦420,000,000–₦600,000,000 (with amenities like swimming pool, cinema, rooftop terrace).
    • Average Price: ₦350,000,000 (range: ₦280,000,000–₦1,200,000,000 for luxury units in Lekki Phase 1).
  • Land: Limited listings; comparable plots in Lekki Phase 1 range from ₦150,000,000–₦400,000,000 for 600–800 sqm.

For Rent

  • Apartments:
    • 1-Bedroom Apartment: ₦3,500,000 per annum (service charge: ₦460,000; power deposit: ₦100,000; agency/legal/caution: 10% each).
    • Total Package Example (1-Bedroom): Rent (₦3,500,000) + Service Charge (₦460,000) + Agency (₦350,000) + Legal (₦350,000) + Caution (₦350,000) = ₦5,010,000 first-year total.
    • Average Price: ₦3,000,000 per annum (range: ₦2,500,000–₦6,000,000 for similar units in Lekki Phase 1).
  • Short-Let Apartments:
    • 1-Bedroom Loft: ₦230,000/day (includes swimming pool, gym, PS5, Netflix, Wi-Fi; refundable caution fee: ₦100,000 per booking).
    • Check-in: 2:00 PM; Check-out: 11:59 AM.

For Sale (Comparable Estates in Lekki Phase 1)

  • Lekki Foreshore Estate (nearby):
    • 4-Bedroom Semi-Detached Duplex: ₦290,000,000 (6-month payment plan, 5% discount on outright payment).
    • 5-Bedroom Detached Duplex: ₦600,000,000–₦1,200,000,000 (features like swimming pool, cinema, rooftop terrace).

Prices are subject to change. Contact estate agents or developers for the latest pricing.

Investment Potential

  • Advantages:
    • Prime location in Lekki Phase 1, close to Freedom Way and major business hubs, ensures high rental demand and property appreciation.
    • Properties with Governor’s Consent or C of O offer secure investment options.
    • Proximity to developments like the Lekki Free Trade Zone, Lekki Deep Sea Port, and proposed Fourth Mainland Bridge enhances long-term value.
    • Short-let opportunities yield high returns, especially for furnished apartments with amenities like PS5, Netflix, and pools.
  • Challenges:
    • High service charges and additional fees (e.g., power deposit, estate levy) may increase ownership costs.
    • Limited specific listings for Edgewater Estate suggest lower market visibility compared to larger estates like Lekki Foreshore or Prime Water View.
  • Outlook: Edgewater Estate’s modern amenities, secure environment, and strategic location make it an attractive option for luxury homebuyers and investors seeking rental income or capital gains. Comparable estates like Lekki Foreshore have shown significant ROI, with investors earning up to ₦116.03 million in under 2 years.

Nearby Estates and Developments

  • Prime Water View Estate, Lekki Foreshore Estate, Spring View Estate, Periwinkle Lifestyle Estate, and Cowrie Creek Estate.
  • Proximity to Nike Art Gallery, Centro Lekki Mall, and top schools like Corona School.

Contact Information

For inquiries or property viewings:

  • Edgewater Estate, Lekki Phase 1:
    • TradeVille Business Services Limited: +234 702 500 2836 or +234 912 444 1111; email: in**@************om.ng.
    • Nigeria Property Centre: nigeriapropertycentre.com.
    • Private Property Nigeria: privateproperty.ng.
  • General Inquiries: Contact Lekki Gardens (in**@**********ns.com, 07001239008) for similar developments in Lekki Phase 1.
  • Note: Verify agent credentials and inspect properties physically before payments.

Conclusion

Edgewater Estate in Lekki Phase 1 offers a luxurious and secure living experience with modern amenities like 24/7 power, clean water, swimming pools, and high-speed internet. Its strategic location in Ikate Elegushi, along Freedom Way, ensures easy access to Lagos’ economic and social hubs, making it ideal for residents and investors. While primarily known for its 1–2 bedroom apartments, the estate also supports off-plan duplexes and short-let opportunities with high ROI potential. Despite limited specific listings, its alignment with Lekki Phase 1’s premium real estate market positions it as a strong investment choice. Contact verified agents for the latest pricing and availability.

Disclaimer: Prices and availability are based on data as of June 25, 2025, and may vary. Verify details with estate agents or developers for accuracy.

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