Maiyegun Beach Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Maiyegun Beach Estate, developed by Sterling Realties Development Company (a subsidiary of MBO Capital), is Lagos’ first luxury residential beachside master development, located at Jakande, Lekki, along the Lekki-Epe Expressway in Lagos, Nigeria. Positioned at the former Lekki 5th Roundabout, opposite Circle Mall, this oceanfront estate spans over 120 acres and offers a serene, exclusive community with over 1 km of private beachfront along the Atlantic Ocean. Known for its modern design, world-class infrastructure, and coastal ambiance, Maiyegun Beach Estate is marketed as the “Bahamas of Lekki,” ideal for high-net-worth individuals, investors, and those seeking a premium beachside lifestyle. This article provides a detailed breakdown of land and properties available, including pricing, amenities, and investment potential.

Location

Address: Maiyegun Beach Estate, Jakande, Lekki, off Lekki-Epe Expressway, Lagos, Nigeria.
Neighborhood Highlights:
- Proximity: 10–15 minutes from Victoria Island and Eko Atlantic via the Coastal Road, 5 minutes from Lekki Phase 1, and 10 minutes from Ikoyi. Close to Circle Mall (opposite the estate), Summat Mall, and Lekki Conservation Centre.
- Landmarks: Near Elegushi Beach, Chevron Headquarters, and Lagos Business School. The estate is bounded by the Atlantic Ocean to the north and the Coastal Road to the south, offering stunning ocean views.
- Accessibility: Located at the 5th junction of the newly expanded Lekki-Epe Expressway, with tree-lined, lit-up access roads and robust drainage systems. The Coastal Road enhances connectivity, reducing travel time to Victoria Island.
- Surroundings: Adjacent to estates like Victory Park Estate, Pinnock Beach Estate, Femi Okunnu Estate, and Cowrie Creek Estate, with proximity to premium amenities like shopping malls, schools, and recreational facilities.

Land and Property Types

Maiyegun Beach Estate primarily offers serviced residential and commercial plots for custom development, with plans for luxury villas and apartments. No built properties are currently listed for sale or rent, as the estate focuses on land sales:

Land:
- Sizes: 600 sqm (smallest), 650 sqm, 700 sqm, 800 sqm, 1,000 sqm, 1,200 sqm, 1,500 sqm, and 1,800 sqm (largest). Beachfront plots are not available for sale.
- Purpose: Residential plots for luxury homes or commercial plots for offices/retail. Buyers must adhere to development guidelines set by the developer.
Planned Properties:
- Luxury Villas and Apartments: Future phases may include contemporary villas and apartments with modern designs, but no specific details or pricing are available as of June 2025.

Amenities

Maiyegun Beach Estate is designed with world-class infrastructure, surpassing established estates like Pinnock Beach and Cowrie Creek, with technical partners including HiTech, Craneburg, DAR, Dredging International, and EBS:

Security:
- Comprehensive central security system with high-resolution CCTV and 24/7 surveillance.
- Electronic estate gate with restricted access protocols.
Infrastructure:
- Paved roads with interlocked surfaces and underground drainage systems.
- 1 km seaside promenade with breathtaking views of the Atlantic Ocean, Victoria Island, and Eko Atlantic.
- Shoreline protection with rock groynes, breakwaters, and revetments to reduce wave action and erosion, extending from Eko Atlantic along Lekki Beach to Lekki Beach.
Utilities:
- Uninterrupted power supply via central utilities plant and dedicated transformers.
- Central sewage and waste treatment plant systems.
- Clean water supply through water treatment plants.
- High-speed broadband connectivity.
Community Features:
- Recreational facilities, including a children’s playground, green areas, and sports complexes.
- Modern shopping malls and retail facilities within the estate.
- Medical facilities and educational institutions planned.
- Footpaths, bicycle lanes, and jogging tracks for pedestrians and children.
- Streetlights and landscaped green areas for aesthetics.
Management:
- Managed by Sterling Realties Development Company, ensuring professional upkeep.
- Service charge: Not specified, but expected for maintenance of utilities, security, and amenities.

Price List

Pricing for land in Maiyegun Beach Estate varies based on plot size and payment plan. Below is a detailed price list based on available data as of June 2025 (subject to verification with agents):

Land for Sale:
- 600 sqm:
  - Price: ₦270,000,000–₦350,000,000 (₦450,000–₦550,000 per sqm).
  - Details: Outright payment or 6-month plan with 50% initial deposit, balance in two quarterly installments.
  - Example: ₦350,000,000 (Innerworkings Investments, 08063531327).
- 650 sqm:
  - Price: ₦292,500,000–₦357,500,000 (₦450,000–₦550,000 per sqm).
  - Details: Coastal retreat opportunity, 6-month plan available (Akudo Real Estate, 07079672762).
- 800 sqm:
  - Price: ₦360,000,000–₦450,000,000 (₦450,000–₦550,000 per sqm).
  - Example: ₦450,000,000 (Innerworkings Investments).
- 1,000 sqm:
  - Price: ₦450,000,000–₦550,000,000 (₦450,000–₦550,000 per sqm).
  - Example: ₦549,000,000 (Akudo Real Estate).
- 1,500 sqm:
  - Price: ₦675,000,000–₦825,000,000 (₦450,000–₦550,000 per sqm).
  - Details: Ultra-luxury plots, 6-month plan available.
Payment Plans:
- Outright Payment: Preferred for discounts (e.g., ₦450,000/sqm vs. ₦550,000/sqm).
- 6-Month Plan: 50% initial deposit, balance in two equal quarterly installments.
- Mortgage: Access Bank offers mortgage payments at attractive rates for interested buyers.
Additional Costs:
- Agency Fees: 5–10% (e.g., 5% for Innerworkings Investments).
- Legal Fees: 5–10% for documentation (Deed of Assignment, Certificate of Occupancy).
- Title: Certificate of Occupancy (C of O), free from encumbrances.
  Note: Beachfront plots are not for sale. Prices are subject to change; contact agents like Akintayo (07055726507), Innerworkings Investments (08063531327), or Brenda (08035834814) for updates.

Investment Potential

Capital Appreciation:
- Land in Maiyegun Beach Estate appreciates rapidly due to its oceanfront location, Coastal Road connectivity, and infrastructure development. Prices have risen from ₦350,000/sqm (2024) to ₦450,000–₦550,000/sqm (2025), with projections of 30–50% annual growth.
- Example: A 600 sqm plot at ₦270,000,000 could reach ₦350,000,000–₦400,000,000 in 2–3 years, driven by demand for beachside properties.
Rental Income:
- No built properties are currently listed, but future villas/apartments could yield high rental returns (e.g., ₦10,000,000–₦20,000,000 p.a. for luxury units, based on nearby estates like Pinnock Beach).
- Short-lets (e.g., Airbnb) near Elegushi Beach fetch ₦200,000–₦300,000/day, indicating strong potential for beachfront properties.
Resale Value:
- Plots in Maiyegun Beach Estate command premium prices compared to Pinnock Beach (₦650,000–₦750,000/sqm) and Cowrie Creek (₦750,000/sqm), due to superior infrastructure and oceanfront appeal.

Comparison with Nearby Estates

Pinnock Beach Estate (Osapa):
- 600 sqm Land: ₦650,000,000–₦750,000,000 (₦1,083,333–₦1,250,000/sqm).
- Features: Beachfront, established, but less advanced infrastructure than Maiyegun.
Cowrie Creek Estate (Ikate):
- 800–850 sqm Land: ₦750,000,000 (₦882,353–₦937,500/sqm).
- Features: Serene, but lacks Maiyegun’s promenade and shoreline protection.
Victory Park Estate (Jakande):
- 624 sqm Land: ₦220,000,000 (₦352,564/sqm).
- Features: Affordable, but less luxurious and farther from the ocean.

How to Purchase

Contact Agents:
- Reach out to verified agents like:
  - Akintayo: 07055726507 (sa***@******op.ng).
  - Innerworkings Investments: 08063531327, 07087503.
  - Brenda: 08035834814 (maiyegunbeachestate.com).
  - Akudo Real Estate: 07079672762.
- Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or PropertyPro.ng.
Site Inspection:
- Schedule visits (Monday–Friday, 8:00 AM–5:00 PM, 2-hour notice) via Jakande, opposite Circle Mall.
Due Diligence:
- Verify Certificate of Occupancy through land registry search to confirm no encumbrances.
- Engage a lawyer to review Deed of Assignment and sales agent contract.
Payment Options:
- Outright Payment: Full payment for discounts (e.g., ₦450,000/sqm).
- 6-Month Plan: 50% deposit, balance in two quarterly installments.
- Mortgage: Available via Access Bank for extended terms.
Documentation:
- Obtain Certificate of Occupancy and Deed of Assignment.
- Pay agency (5–10%) and legal fees (5–10%).

Clarification

Maiyegun Beach Estate: Located at Jakande, Lekki, not to be confused with Oasis Estate or other nearby developments. It is an oceanfront estate, not a resort like Inagbe Grand Resort.
Development Status: Under active development with ongoing infrastructure (roads, drainage, shoreline protection), expected to be Lekki’s premier estate within 2 years.
Beachfront Access: Over 1 km of private beachfront is accessible to all residents, but beachfront plots are not for sale.

Conclusion

Maiyegun Beach Estate, Jakande, Lekki, is a prestigious oceanfront development offering serviced plots from 600 sqm to 1,800 sqm, priced at ₦270,000,000–₦825,000,000 (₦450,000–₦550,000/sqm). With world-class amenities like a 1 km promenade, 24/7 power, CCTV, and shoreline protection, it promises a luxurious lifestyle and 30–50% annual appreciation. Its strategic location near Circle Mall and the Coastal Road, combined with technical expertise from HiTech and Craneburg, positions it as Lekki’s future premier estate. For inquiries, contact agents like Akintayo (07055726507) or Brenda (08035834814) and verify titles through due diligence to secure your investment.

Disclaimer: Prices and availability are subject to change. Verify all details with licensed real estate agents before proceeding.

Maiyegun Beach Estate, Lekki: (Full Reviews and Price List)