Makarios Luxury Place Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Makarios Luxury Place is a prestigious mixed-use real estate development spanning approximately 33 hectares (84 acres) in Ibeju-Lekki, Lagos, Nigeria. Developed by Makarios Luxury Properties, led by Chairman Matthew Ashimolowo, the estate is designed to offer a 5-star living experience, modeled after Dubai’s waterfront developments. Located along the Lekki-Epe Expressway in Aiyeteju, near Eleko Junction, it targets upwardly mobile Nigerians, high-net-worth individuals (HNIs), and diaspora Nigerians seeking luxury, exclusivity, and a one-stop-shop environment for living, working, shopping, and recreation. With a flagship water display fountain, smart homes, and world-class amenities, Makarios aims to redefine luxury in sub-Saharan Africa.

Location

Address: Aiyeteju, just before Eleko Junction, along Lekki-Epe Expressway, Ibeju-Lekki, Lagos, Nigeria.
Neighborhood Highlights:
- Strategically positioned between Lekki-Epe Expressway (north) and the proposed Lagos-Calabar Coastal Road (south), ensuring excellent connectivity.
- 20 minutes from the proposed Lekki International Airport and close to major economic hubs like Lekki Deep Seaport, Lekki Free Trade Zone, and Dangote Refinery.
- Nearby landmarks: Beachwood Estate, Amen Estate, Omu Resort, Eleganza Industrial City, and several gated estates.
- Proximity to recreational spots like La Campagne Tropicana Resort and shopping options such as AGMART and La Paz Mall.

Land and Property Types

Makarios Luxury Place offers a variety of residential and commercial plots, as well as pre-built housing options, catering to diverse investment and lifestyle needs:

Residential Plots:
- Sizes: 300 sqm and 500 sqm (serviced, plug-and-play with electrical and water connections).
- Purpose: Suitable for custom-built homes or small-scale apartment developments.
Commercial Plots:
- Sizes: Up to 1,000 sqm.
- Purpose: Ideal for businesses, offices, or retail developments.
Pre-Built Housing:
- Imperial Towers: 11 ten-story buildings with 52 apartments per tower, including studios, 1-bedroom, 2-bedroom, and 3-bedroom units.
- Anthizo Terrace Buildings: Three-story terraced homes (192 units) with luxurious features.
- Deleazo Detached Homes: 18 standalone homes with six reception areas and two terraces.
- Akmazo Apartments: Luxury apartments within Imperial Towers, offering 14 studio units, 14 two-bedroom apartments, and more.
Smart Homes:
- 100 semi-detached and detached smart homes with integrated technology for modern living.

Amenities

Makarios Luxury Place is designed as a self-sufficient mini-city with world-class infrastructure and facilities:

Iconic Features:
- Water Display Fountain: A 1.5-acre landmark with water jets reaching 6–14 meters, featuring lighting, music, and holographic displays, serving as a tourist attraction.
- Children’s Water Park and Gardens: Recreational spaces with rides and floral displays.
Commercial and Social Amenities:
- Makarios Grand Mall: An 8,000 sqm shopping complex with modern entertainment and retail options.
- Hotel: Luxury accommodation for residents and visitors.
- International School: High-quality education within the estate.
- Event Center: Venue for social and corporate gatherings.
- Offices for Rent: Business spaces for professionals and corporations.
- Place of Worship: Spiritual center for residents.
Infrastructure:
- Extensive road network with three major roads, 22 streets, and two pedestrian walkways.
- Paved roads, central drainage, and underground electrical cabling.
- Central sewage and water treatment systems.
- Three-point power solution: National grid, regulated generators, and solar power for external needs.
Utilities and Services:
- 24/7 electricity with pre-installed connections to each plot.
- Clean, safe drinking water via central water treatment.
- Internet fiber to homes and smart technology integration.
Security:
- 24/7 security with CCTV, perimeter fencing, and patrolling operatives.
- Fire and smoke detection systems for safety.
Eco-Friendly Design:
- Emphasis on greenery with trees, plants, and landscaped parks.
- Biomorphic architectural designs to blend nature with modern living.

Price List

Pricing for land and properties in Makarios Luxury Place varies based on size, payment plan, and promotional offers. Below is a detailed price list based on available data as of June 2025 (subject to verification with agents or developers):

Residential Plots (All-Inclusive, Including Deed of Sublease, Survey, Electrification, Water, Drainage, and Access to Facilities):
- 300 sqm:
  - Outright (0–3 months): ₦97,500,000.
  - 6 months: ₦110,000,000.
  - 12 months: ₦120,000,000.
- 500 sqm:
  - Outright (0–3 months): ₦150,000,000.
  - 6 months: ₦168,000,000.
  - 12 months: ₦187,500,000.
- Promotional Offer (2024 Data):
  - 500 sqm: ₦150,000,000 (down from ₦188,000,000) with 12-month interest-free plan.
Commercial Plots:
- 1,000 sqm: ₦120,000,000 (indicative, contact agent for current pricing).
Pre-Built Housing:
- 4-Bedroom Terraced Homes (Anthizo):
  - Standard: ₦410,000,000.
  - Promotional: ₦330,000,000 (12-month payment plan).
- 5-Bedroom Detached Homes (Deleazo):
  - Standard: ₦650,000,000.
  - Promotional: ₦525,000,000 (12-month payment plan).
- Imperial Towers Apartments:
  - Studio to 3-bedroom units: Pricing not publicly listed; contact agents for details.
Initial Deposit:
- Starts at ₦10,000,000 for plots, with flexible payment plans up to 12 months.
Additional Costs:
- Agency Fees: 5–10% of purchase price.
- Legal Fees: Included in all-inclusive pricing for plots (no additional development or documentation levies).
Title Documents:
- Certificate of Occupancy for plots and Deed of Sublease for serviced plots.

Note: Prices are subject to change. Contact agents like Bestate Investments (08090651344), Korp Properties (+2348055726413), or Vala Homes (09167597780) for current pricing and availability.

Investment Potential

Rental Income:
- Luxury apartments and homes in Makarios are projected to yield high rental income (₦5,000,000–₦15,000,000 annually for 2–5 bedroom units) due to proximity to economic hubs.
- Short-let opportunities are lucrative given the estate’s tourist attractions like the water fountain and mall.
Capital Appreciation:
- Ibeju-Lekki’s rapid development (e.g., Lekki Free Trade Zone, Deep Seaport) drives land appreciation of 30–50% within 18 months.
- Example: Promotional pricing for 500 sqm plots at ₦150,000,000 (vs. ₦188,000,000) offers immediate value.
Resale Value:
- Completed homes in similar estates (e.g., Amen Estate) sell for ₦200,000,000–₦800,000,000, indicating strong resale potential for Makarios properties.

Comparison with Nearby Estates

Amen Estate (Ibeju-Lekki):
- 500 sqm: ₦60,000,000–₦80,000,000.
- Amenities: Similar security and roads but lacks iconic features like Makarios’ water fountain.
Beachwood Estate (Ibeju-Lekki):
- 600 sqm: ₦70,000,000–₦100,000,000.
- Features: Proximity to Lekki Coastal Road but smaller scale than Makarios.
Tiara by Amen City (Ibeju-Lekki):
- 500 sqm: ₦35,000,000 (Certificate of Occupancy).
- More affordable but fewer luxury amenities compared to Makarios.

How to Purchase

Contact Agents or Developer:
- Reach out to Makarios Luxury Properties via www.makariosluxury.com or agents like:
  - Bestate Investments: 08090651344.
  - Korp Properties: +2348055726413.
  - Vala Homes: 09167597780.
  - LandProperty.ng: +2348164741041.
- Check listings on Nigeria Property Centre, PrivateProperty.ng, or PropertyPro.ng.
Site Inspection:
- Schedule a visit (Monday–Saturday, 8:00 AM–8:00 PM) to view plots and infrastructure.
Due Diligence:
- Verify Certificate of Occupancy or Deed of Sublease through a lawyer.
- Confirm no encumbrances via land registry search.
Payment Options:
- Outright Payment: Preferred for discounts (e.g., 500 sqm at ₦150,000,000).
- Installment Plans: 6–12 months with interest (e.g., 500 sqm at ₦187,500,000 over 12 months).
- Initial Deposit: ₦10,000,000–₦25,000,000, depending on property type.
Documentation:
- Receive Certificate of Occupancy, Deed of Sublease, and survey plan.
- No additional development or documentation levies for serviced plots.

Clarification

Makarios Luxury Place: Located in Ibeju-Lekki, not Lekki Phase 1, and distinct from other estates like Pinnock or Oral Estate.
Development Status: Infrastructure (roads, drainage, utilities) is largely complete, with plots ready for immediate construction.
Ownership: Developed by Makarios Luxury Properties, not Meridian Properties Limited as some sources suggest.

Conclusion

Makarios Luxury Place, Ibeju-Lekki, is a visionary estate offering unparalleled luxury and investment opportunities in Lagos’ fastest-growing corridor. With serviced plots starting at ₦97,500,000, pre-built homes from ₦330,000,000, and world-class amenities like a water display fountain, mall, and smart homes, it caters to affluent Nigerians and diaspora investors. Its strategic location, robust infrastructure, and potential for 50% capital appreciation within 18 months make it a compelling choice. For current pricing, inspections, or inquiries, contact trusted agents like Bestate Investments or Korp Properties and conduct due diligence to secure your investment.

Disclaimer: Prices and availability are subject to change. Verify all details with the developer or licensed agents before purchasing.

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