Premier 1 Estate, Lekki: Full Details With Complete Breakdown + Price List

Overview of Premier 1 Estate, Lekki

Premier 1 Estate, located in Lekki Phase 1, Lagos, Nigeria, is a premium gated residential community known for its upscale environment, modern infrastructure, and strategic position in one of Lagos’ most affluent neighborhoods. Situated along the Lekki-Epe Expressway, near Admiralty Way and Freedom Way, the estate offers proximity to key commercial hubs like Victoria Island (15-20 minutes via the expressway or upcoming coastal road) and recreational landmarks such as Lekki Conservation Centre (4.7 km) and Nike Art Gallery (9 km). Managed by reputable property firms, Premier 1 Estate is ideal for high-net-worth individuals, families, and investors seeking luxury properties in a secure, serene setting.

Key Features of Premier 1 Estate

Security: Gated estate with 24/7 security, CCTV surveillance, and controlled access.
Infrastructure: Well-paved roads, central water treatment plants, reliable power supply (often with prepaid meters or standby generators), and effective drainage systems.
Amenities: Access to estate facilities like recreational areas, mini-marts, and proximity to external amenities such as Purple Lekki Mall, Ikate Elegushi Beach, and dining options (e.g., Chicken Republic, The Place).
Accessibility: Located in the heart of Lekki Phase 1, close to major roads like Admiralty Way, with easy access to Ikoyi, Oniru, and Victoria Island. Approximately 28 km from Murtala Muhammed International Airport.
Property Types: Primarily flats, apartments, and duplexes for sale and rent, with a focus on luxury residences.

Property Types and Features

Premier 1 Estate offers a range of high-end properties, including flats, apartments, and duplexes, catering to buyers and renters seeking luxury in Lekki Phase 1. Below is a detailed breakdown based on market trends and listings from Nigeria Property Centre, PropertyPro Nigeria, and Private Property Nigeria (2023-2025).

Flats for Sale

3-Bedroom Smart Home Apartment (180 sqm)
- Price: ₦185,000,000 (outright); ₦205,000,000 (5-month spread payment)
- Location: Premier 1 Estate, Lekki Phase 1 (near Omotosho Olakunle Street, Babalola Gardens)
- Features:
  - Smart home automations (video door, fingerprint locks, smart curtain tracks, smart sockets/switches, ceiling Bluetooth speakers)
  - Rooftop sit-out lounge, spacious balcony, elevator
  - Covered parking, gym, water treatment plant
  - 24/7 CCTV surveillance, full-capacity generator, dedicated transformer
  - Corporate security guards
  - Fitted kitchen, all rooms ensuite, heat/smoke detectors, concealed WCs, cabinet wash basins, glazed polished tiles
  - Title: Governor’s Consent
- Delivery: September 2025
- Contact: Adebiopon Construction Limited (08064903373, 08187990829)
- Source: Nigeria Property Centre
2-Bedroom Apartment with BQ
- Price: ₦250,000,000
- Location: Premier 1 Estate, Lekki Phase 1
- Features:
  - Spacious rooms, chandeliers, POP ceilings, Bluetooth speakers
  - Fitted kitchen, lounge, wardrobes, walk-in showers
  - Secure estate with gym, swimming pool, elevator
  - Title: Governor’s Consent & Building Approval
- Contact: Tenuta Real Estate Limited (09135582843)
- Source: Nigeria Property Centre
3-Bedroom Penthouse
- Price: ₦280,000,000
- Location: Premier 1 Estate, Lekki Phase 1
- Features:
  - Spacious rooms, chandeliers, POP ceilings, Bluetooth speakers
  - Fitted kitchen, lounge, wardrobes, walk-in showers
  - Secure estate with gym, swimming pool, elevator
  - Title: Governor’s Consent & Building Approval
- Contact: Tenuta Real Estate Limited (09135582843)
- Source: Nigeria Property Centre
Average Price for Flats:
- Premier 1 Estate: ₦185,000,000 – ₦280,000,000
- Lekki Phase 1: ₦250,000,000 (range: ₦25,000,000 – ₦1,500,000,000)

Houses for Sale

4-Bedroom Maisonette with BQ
- Price: ₦600,000,000
- Location: Premier 1 Estate, Lekki Phase 1
- Features:
  - 396 sqm land size, private exclusive estate
  - Swimming pool, private cinema, equipped gym
  - All rooms ensuite, BQ, gatehouse, family lounge
  - Walk-in closets, ample parking, smart home technology
  - Expansive terrace, double-height living area
  - Title: Governor’s Consent
- Contact: Diamond Stones Homes Ltd (08083731029)
- Source: Nigeria Property Centre
Average Price for Houses:
- Premier 1 Estate: ₦350,000,000 – ₦600,000,000
- Lekki Phase 1: ₦374,877,778 (range: ₦14,000,000 – ₦1,000,000,000)

Flats for Rent

2-Bedroom Apartment
- Rent: ₦10,000,000 per annum
- Location: Premier 1 Estate, Lekki Phase 1
- Features:
  - Spacious rooms, fitted kitchen, wardrobes
  - 24/7 power and security, water treatment
  - Estate amenities: gym, parking, secure gates
- Additional Fees:
  - Agency: 10% (₦1,000,000)
  - Legal: 10% (₦1,000,000)
  - Caution: ₦500,000 – ₦1,000,000
  - Service Charge: ₦500,000 – ₦1,000,000
- Total Package: ₦13,000,000 – ₦14,000,000
- Source: PropertyPro Nigeria (based on Lekki Phase 1 averages)
Average Rent for Flats:
- Premier 1 Estate: ₦10,000,000 per annum (estimated)
- Lekki Phase 1: ₦3,000,000 per annum (range: ₦40,000 – ₦50,000,000)

Short-Term Rentals

Note: No specific short-term rental listings were found for Premier 1 Estate. Nearby Lekki Phase 1 estates like LSDPC Estate offer short-lets at:
- 1-Bedroom Mini Flat: ₦60,000 – ₦120,000 per night
- 2-3 Bedroom Apartment: ₦65,000 – ₦150,000 per night
Estimated Short-Let Rates: Expect similar rates in Premier 1 Estate due to its prime location and luxury amenities.

Land for Sale

Note: No specific land listings were found for Premier 1 Estate. Lekki Phase 1 land prices range from ₦300,000 to ₦17,000,000,000, with an average of ₦1,100,000,000 for 500-4084 sqm plots (C of O title).
Estimated Price for Premier 1 Estate: ₦1,000,000,000 – ₦2,000,000,000 for residential plots, based on Lekki Phase 1 trends.

Additional Information

Neighbourhood Highlights:
- Located in Lekki Phase 1, a former slum (Maroko) transformed into a high-end residential and commercial hub.
- Close to Admiralty Way, Purple Lekki Mall, Ikate Elegushi Beach, and leisure spots like Ebony Lounge and Moist Beach Club.
- Proximity to top schools, corporate offices, and commercial developments, enhancing investment appeal.
Property Management Services:
- Verified agents like Adebiopon Construction Limited (08064903373), Tenuta Real Estate Limited (09135582843), and Diamond Stones Homes Ltd (08083731029) offer inspection and booking services.
- Avoid paying inspection fees without verifying agents or properties physically.
Special Notes:
- Prices reflect the premium nature of Lekki Phase 1, with higher costs due to its affluent status and commercial opportunities.
- Some properties are under construction (e.g., Mandelzah Court, delivery by September 2025), offering payment plans with 40-50% initial deposits.
- Premier 1 Estate is distinct from Lekki Prime Estate in Ibeju Lekki, which focuses on land sales near Dangote Private Jetty.
- Exercise caution with agents to avoid scams, as noted in Lekki Phase 1 market warnings.

Conclusion

Premier 1 Estate, Lekki Phase 1, is a top-tier residential destination offering luxury flats and maisonettes, with sale prices ranging from ₦185,000,000 to ₦600,000,000 and estimated rentals around ₦10,000,000 per annum. Its prime location, modern amenities, and secure environment make it ideal for high-end buyers and investors. For inquiries or inspections, contact verified agents via Nigeria Property Centre or PropertyPro Nigeria. Verify prices and availability, as market conditions may vary (data based on listings from March 2023 to June 2025).

Note: Prices and availability are based on listings from Nigeria Property Centre, PropertyPro Nigeria, and Private Property Nigeria, last updated between March 2023 and June 2025. Confirm details with agents before proceeding.

Premier 1 Estate, Lekki: (Full Review + Price List)