Review Of Ocean Palm Estate Lekki + Price List

Ocean Palm Estate Lekki: Full Details With Complete Breakdown + Price List

Introduction

Ocean Palm Estate, located in the vibrant area of Lekki, Lagos, Nigeria, is a luxurious residential development designed to offer modern living with a blend of comfort, security, and investment potential. Positioned in the rapidly developing Ajah axis, this estate is ideal for families, professionals, and investors seeking high-quality properties in one of Lagos’ most sought-after locations. This article provides a comprehensive overview of Ocean Palm Estate, including its features, amenities, location benefits, and a detailed price list based on available market data.

Location and Accessibility

Ocean Palm Estate is situated in Lekki, specifically in the Ajah area, known for its proximity to key landmarks such as Debojo Beach, Eleko Beach, Lagos Palm Beach Resort, and neighboring estates like Lekki Palm City. The estate benefits from its strategic location along the Lekki-Epe Expressway, providing easy access to Victoria Island (approximately 20–30 minutes during off-peak hours) and other business hubs. The area is well-connected with good road networks, including interlocked estate roads, and is designed to be flood-free with efficient drainage systems. However, rush-hour traffic (6:30 AM–8:00 AM) may extend travel times.

Features and Amenities

Ocean Palm Estate is designed to provide a secure, modern, and serene living experience. Key features include:

  • Modern Architecture: The estate offers a range of housing options, including detached and semi-detached duplexes, terraces, and townhouses, all built with high-quality materials and contemporary designs.
  • 24/7 Security: A gated community with round-the-clock security, CCTV cameras, and trained personnel to ensure resident safety.
  • Power Supply: The estate provides a dedicated transformer and central generator for electricity, supplementing the national grid to ensure minimal power outages.
  • Centralized Water System: A treated water supply ensures clean and consistent water availability.
  • Recreational Facilities: Residents can access amenities such as a swimming pool, gym, and recreational areas (some under construction in certain phases as of 2023).
  • Infrastructure: Interlocked roads, waste disposal systems, streetlights, and well-maintained landscaping enhance the estate’s aesthetic and functionality.
  • Proximity to Nature: With views of nearby beaches and the Lagos lagoon, the estate offers a serene ambiance, ideal for relaxation.

Housing Options

Ocean Palm Estate offers a variety of housing types to cater to different preferences and budgets:

  • 4-Bedroom Detached Duplexes: Spacious homes with boys’ quarters (BQ), ideal for larger families.
  • 4-Bedroom Semi-Detached Duplexes: Modern designs with ample parking and ensuite rooms.
  • 4-Bedroom Terrace Duplexes: Affordable luxury options with shared amenities.
  • 5-Bedroom Detached Duplexes: Premium homes with additional features like swimming pools, studios, or office spaces.

Investment Potential

Ocean Palm Estate is a prime investment opportunity due to:

  • High Appreciation: The Lekki-Ajah real estate market has shown consistent appreciation, with properties in similar estates like Lekki Palm City averaging ₦210 million.
  • Rental Income: The estate’s proximity to business hubs and beaches attracts tenants, ensuring steady rental returns.
  • Flexible Payment Plans: Developers offer installment plans (e.g., 0–3 months outright payment or longer-term options with initial deposits as low as 50%).
  • Networking Opportunities: The estate’s elite community fosters valuable connections for professionals and investors.

Price List and Service Charges

Based on recent market data and trends in Lekki-Ajah, below is an estimated price list for Ocean Palm Estate properties. Note that prices vary by size, features, and payment terms:

  • 4-Bedroom Terrace Duplex + BQ:
    • Price: ₦93,500,000 (outright payment, 0–3 months).
    • Initial Deposit: 50% (₦46,750,000).
    • Features: Ensuite rooms, equipped kitchen, parking for 3 cars.
  • 4-Bedroom Semi-Detached Duplex + BQ:
    • Price: ₦108,000,000 (outright payment).
    • Initial Deposit: 50% (₦54,000,000).
    • Features: CCTV, swimming pool, spacious living areas.
  • 4-Bedroom Fully Detached Duplex + BQ:
    • Price: ₦130,000,000–₦180,000,000.
    • Initial Deposit: 50%.
    • Features: Private patio, garden, 5 parking spaces.
  • 5-Bedroom Fully Detached Duplex + BQ:
    • Price: ₦180,000,000–₦400,000,000.
    • Initial Deposit: 50%.
    • Features: Swimming pool, studio room, office, solar energy system (select units).
  • Monthly Service Charge: Approximately ₦20,000–₦30,000, covering security, waste management, and maintenance of shared facilities.
  • Additional Costs:
    • Legal and Admin Fees: 5% of purchase price.
    • VAT: 7.5%.
    • Survey Fee: ₦1,800,000 (approximate).

Note: Prices are based on comparable estates like Lekki Palm City and De Castle Max (Orchid Road, Lekki) as of 2023. For exact pricing, contact the estate’s management at +234-813-2257106 or verified realtors like Neighbourhood Review Nig. Ltd.

Customer Testimonials

  • Mr. Adebayo T.: “Ocean Palm Estate’s modern facilities and flexible payment plan made it easy for me to own a 4-bedroom duplex. The beach view is a bonus!”
  • Mrs. Olajide F.: “The security and serene environment are perfect for my family. Investing here was a smart decision with great ROI potential.”

Challenges and Considerations

Prospective buyers should be aware of:

  • Traffic Congestion: Peak-hour traffic along the Lekki-Epe Expressway can be challenging.
  • Construction Delays: Some amenities, like swimming pools or gyms, may still be under development in newer phases.
  • Due Diligence: Verify titles (e.g., Governor’s Consent, Deed of Assignment) to ensure legal clarity. Past concerns with structural quality in Lekki estates highlight the need for thorough inspections.

Conclusion

Ocean Palm Estate in Lekki-Ajah offers a blend of luxury, affordability, and investment potential, making it an attractive choice for homebuyers and investors. With its modern amenities, strategic location, and flexible payment plans, the estate caters to diverse needs while promising high returns. Despite challenges like traffic and the need for due diligence, its proximity to beaches, secure environment, and robust infrastructure make it a standout in Lagos’ real estate market. For the latest pricing and inspections, contact Ocean Palm Estate’s management or trusted realtors.

bornbyai

Protected by CleanTalk Anti-Spam