Ocean View Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Ocean View Estate, located in Ibeju-Lekki, Lagos, Nigeria, is a promising residential and investment-focused estate positioned along the Lekki Free Trade Zone (LFTZ) Coastal Road. Developed by various real estate firms, including Adron Homes and Properties and Pwan Real Estate, this buy-and-build estate is designed to combine luxurious living with high investment returns, leveraging its proximity to the Atlantic Ocean and major developments like the Dangote Refinery and Lekki Deep Seaport. Marketed as a waterfront property with ocean views, it appeals to investors seeking land banking opportunities with expected appreciation rates of 200% in 18 months. This article provides a comprehensive breakdown of available land and properties, including pricing, amenities, and investment potential. Note: This estate is distinct from Atlantic View Estate in Lekki and Ocean View properties in Ikota or Igbo-Efon.

Location

Address: Ocean View Estate, Ibeju-Lekki, Lagos, Nigeria (specific coordinates near Mosere Kogo Villa, behind Eko-Akete, Lekki Peninsula).
Neighborhood Highlights:
- Proximity: 10–15 minutes from Eleko Junction, 5–10 minutes from Dangote Refinery, and 20–30 minutes from Lekki Free Trade Zone. Approximately 45–60 minutes from Victoria Island via Lekki-Epe Expressway and Coastal Road.
- Landmarks: Near La Campagne Tropicana Beach Resort, Amen Estate, Federal Government Teachers’ Estate, Lagos State Golf Course, Lekki Deep Seaport, and the proposed Lekki International Airport.
- Accessibility: Directly on the tarred LFTZ Coastal Road, connecting Ahmadu Bello Way (Victoria Island) to Ibeju-Lekki and the Free Trade Zone. Good road networks within the estate, though external roads may experience construction-related disruptions until Coastal Road completion (projected 2026).
- Surroundings: Waterfront setting with Atlantic Ocean views, surrounded by emerging estates and industrial developments like the Free Trade Zone and cargo port construction.
Clarification: Ocean View Estate in Ibeju-Lekki is not in Lekki Phase 1 or Ikota (e.g., Ocean Bay Estate). Listings in Lekki (e.g., Igbo-Efon, Atlantic View Estate) referring to “ocean view” properties are unrelated.

Property and Land Types

Ocean View Estate primarily focuses on land sales for residential and potential commercial use, with limited completed properties due to its buy-and-build status:

Residential Properties:
- No specific completed houses (e.g., duplexes, apartments) are listed in current sources. Listings for “5-bedroom detached duplexes” are tied to land allocations for custom builds (e.g., Adron Rehoboth Park and Garden Phase 2).
- Potential for 4–5 bedroom detached duplexes with boys’ quarters (BQ) on 500–1,000 sqm plots, as advertised by developers like Springshomes.
Land:
- Sizes: 300 sqm (half plot), 500 sqm, 600 sqm, 1,000 sqm.
- Purpose: Residential for custom homes; some plots designated for mixed-use or commercial developments.
- Features: Dry, waterfront land with planned infrastructure. Suitable for immediate construction or land banking.

Amenities

Ocean View Estate is marketed as a fully serviced estate with planned modern facilities to support luxury living and business:

Security:
- Gated community with 24/7 security personnel and planned CCTV surveillance.
- Restricted entry for non-residents, requiring approval.
Infrastructure:
- Interlocked internal roads with good drainage systems to prevent flooding.
- Planned perimeter fencing and streetlights for safety and aesthetics.
Utilities:
- Planned 24-hour power supply via dedicated transformers and central generators (currently reliant on EKDC and individual generators).
- Centralized water supply with water hydrants and treatment plants.
- Central sewage and waste disposal systems.
Community Features:
- Planned recreational facilities, including swimming pools, gyms, and playgrounds.
- Waterfront recreational center and beach access for leisure.
- High-speed internet fiber connectivity (planned).
Management:
- Managed by developers like Adron Homes, Pwan Real Estate, and estate associations.
- Service charge: Not explicitly listed; indicative range ₦200,000–₦500,000 p.a. based on similar Ibeju-Lekki estates (e.g., Amen Estate).

Price List

Pricing for land in Ocean View Estate reflects its strategic location and high appreciation potential. No completed properties are currently listed, so prices focus on land. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

Land for Sale:
- 300 sqm (Half Plot):
  - Price: ₦400,000–₦13,200,000.
  - Details:
    - ₦400,000 (Ocean View by Lighthouse, pre-launch, Pwan Real Estate, 07059446967).
    - ₦13,200,000 (Vopnu City Ocean View, Mosere Kogo Villa, Lbc Properties, 07034409013).
  - Title: Governor’s Consent.
- 500 sqm:
  - Price: ₦22,000,000–₦30,000,000.
  - Details:
    - ₦22,000,000 (Vopnu City Ocean View, Lbc Properties, 07034409013).
    - ₦30,000,000 (Mosere Kogo Villa, Patriotic Homes, 08118838961).
  - Title: Governor’s Consent.
- 600 sqm:
  - Price: ₦800,000–₦2,000,000.
  - Details:
    - ₦800,000 (Ocean View by Lighthouse, Pwan Real Estate, 07059446967).
    - ₦1,500,000–₦2,000,000 (Beachfront by Lighthouse, Pwan Real Estate, 07059446967).
  - Title: Governor’s Consent.
- 1,000 sqm:
  - Price: ₦4,000,000–₦10,000,000.
  - Details:
    - ₦4,000,000 (Legendary City, Kcprime_realty, 08029315097).
    - ₦10,000,000 (Ocean View, Kcprime_realty, 08029315097).
  - Title: Governor’s Consent.
- 500 sqm (Resale for 5-Bedroom Duplex Build):
  - Price: ₦45,000,000–₦100,000,000.
  - Details:
    - ₦45,000,000 (Adron Rehoboth Park and Garden Phase 2, Savier Realty, 09029266253).
    - ₦100,000,000 (distress sale, current value ₦109,000,000, Springshomes, 07025878798).
  - Title: Governor’s Consent, Deed of Assignment.
Additional Costs:
- Agency Fees: 5–10% for sales.
- Legal Fees: 5–10% for documentation.
- Service Charge: Indicative ₦200,000–₦500,000 p.a.
- Survey Fee: ₦500,000–₦1,500,000 per plot (indicative, based on Ibeju-Lekki norms).
- Development Levy: May apply for infrastructure (verify with agents).

Note: No rental or completed property listings are available. Prices are subject to change. Contact agents like Pwan Real Estate (07059446967), Lbc Properties (07034409013), or Savier Realty (09029266253) for updates.

Investment Potential

Rental Income:
- Limited data due to no completed properties. Comparable Ibeju-Lekki estates (e.g., Amen Estate) suggest 4–5 bedroom duplexes could yield ₦3,000,000–₦5,000,000 p.a., offering 5–7% returns on a ₦100,000,000 investment.
- Short-lets near La Campagne Tropicana could fetch ₦50,000–₦100,000/day once developed.
Capital Appreciation:
- Projected 200% appreciation in 18 months due to proximity to Coastal Road, Dangote Refinery, and Lekki Deep Seaport.
- Example: A 500 sqm plot at ₦22,000,000 could reach ₦66,000,000 by late 2026.
Resale Value:
- High demand for waterfront plots ensures strong resale potential, driven by industrial and tourism developments (e.g., Free Trade Zone, airport).

Comparison with Nearby Estates

Amen Estate (Eleko):
- 600 sqm Land: ₦50,000,000–₦70,000,000; 4-Bedroom Duplex: ₦150,000,000.
- Features: More established, similar waterfront appeal.
Vopnu City Ocean View (Mosere Kogo Villa):
- 500 sqm Land: ₦22,000,000–₦30,000,000.
- Features: Identical to Ocean View Estate, same developer focus.
Beachfront by Lighthouse (Ibeju-Lekki):
- 600 sqm Land: ₦1,500,000–₦2,000,000.
- Features: Similar coastal focus, lower entry price.

How to Purchase

Contact Agents:
- Reach out to verified agents like:
  - Pwan Real Estate: 07059446967 (Ocean View by Lighthouse).
  - Lbc Properties: 07034409013 (Vopnu City Ocean View).
  - Savier Realty: 09029266253 (Adron Rehoboth Phase 2).
  - Springshomes: 07025878798 (distress sales).
- Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or Nairaland.
Site Inspection:
- Schedule free inspections (Monday–Saturday, 8:00 AM–6:00 PM, 2-hour notice) via Coastal Road or Eleko Junction.
Due Diligence:
- Verify titles (Governor’s Consent, Deed of Assignment) through Lagos State Land Registry.
- Engage a lawyer to confirm no encumbrances or government acquisition risks.
Payment Options:
- Outright payment preferred; some listings (e.g., Beachfront by Lighthouse) offer flexible plans with 50% deposit, balance over 6–12 months.
- Distress sales (e.g., ₦100,000,000 for ₦109,000,000 value) available for quick buyers.
Documentation:
- Obtain Governor’s Consent or Deed of Assignment.
- Pay agency (5–10%), legal (5–10%), and estimated service charges (₦200,000–₦500,000 p.a.).

Clarification

Ocean View Estate: Located in Ibeju-Lekki, not Lekki Phase 1 or Ikota. Distinct from Atlantic View Estate (Igbo-Efon, Alpha Beach) or Ocean Bay Estate (Orchid Road). It’s a waterfront, buy-and-build estate, not a fully developed residential community.
Development Status: Dry land with ongoing infrastructure (roads, drainage, power). Phase 2 (e.g., Adron Rehoboth) is less developed than Phase 1.
No Ocean Surge Risk: Unlike Atlantic View Estate, no reported flooding issues due to strategic reclamation and drainage.

Conclusion

Ocean View Estate, Ibeju-Lekki, Lagos, offers prime investment opportunities with land plots ranging from ₦400,000 (pre-launch) to ₦100,000,000 (resale). With planned amenities like 24-hour power, security, and waterfront recreation, it’s poised to rival Amen Estate, driven by the Coastal Road and Free Trade Zone. Expected 200% appreciation in 18 months makes it ideal for land banking. Contact agents like Pwan Real Estate (07059446967) or Lbc Properties (07034409013), and conduct due diligence to secure your investment.

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

Ocean View Estate, Lekki: (Full Review + Price List)