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

Overview

Lekki Foreshore Estate is a luxurious waterfront residential development located in Lekki Phase 1, Lagos, Nigeria, along Freedom Way, near the prestigious Orange Island. Developed by Prestigious Homes Limited, the estate spans 29,097 square meters and offers a mix of smart, contemporary terraces and duplexes designed for affluent residents and investors. Known for its serene environment, modern architecture, and proximity to Lagos’ economic hubs, Lekki Foreshore Estate is a prime choice for those seeking upscale living with high investment potential in one of Lagos’ most coveted areas.

Location and Accessibility

Location: Situated in Lekki Phase 1, along Freedom Way, opposite Nike Art Gallery and close to the Lekki-Epe Expressway. Key landmarks include Centro Lekki Mall, Whitesands School, and the Lekki Conservation Centre.
Accessibility:
- Approximately 20–25 minutes to Victoria Island during off-peak hours and 40 minutes to 1 hour during rush hour (5:30 AM–8:00 AM).
- The Lekki-Epe Expressway provides a well-tarred primary route, with estate roads being interlocked and well-maintained. Traffic congestion may occur during peak hours.
- Single entry/exit point ensures controlled access and enhanced security.
Strategic Advantage: Proximity to major business hubs (Victoria Island, Ikoyi), the Lekki Free Trade Zone, Lekki Deep Sea Port, proposed Lekki Airport, and the Fourth Mainland Bridge makes it a high-value investment location.

Infrastructure and Amenities

Gated Community: Secured with 24/7 armed and unarmed security, CCTV surveillance, and strict visitor clearance protocols requiring host confirmation.
Road Network: Fully interlocked roads with street lights and a central drainage system to prevent flooding, ensuring a clean and accessible environment.
Utilities:
- Electricity: 24/7 power supply via EKDC and estate transformers, with prepaid meters for accurate billing. Residents may use generators/inverters for backup.
- Water Supply: Centralized water treatment plant providing clean, treated water.
- Internet: Pre-installed high-speed broadband for seamless connectivity.
- Waste Management: Regular waste collection and estate-wide fumigation managed by the estate authority.
Recreational Facilities:
- Green areas and landscaped gardens for relaxation.
- Planned community amenities like a swimming pool and recreational spaces (some still under development).
Service Charges (based on similar estates in Lekki Phase 1):
- Annual service charge: ₦500,000–₦1,200,000 (varies by property type).
- Caution fee: ₦500,000 (refundable).
- Agency/legal fees: 10% each of annual rent.
Nearby Amenities: SPAR, Prince Ebeano Supermarket, The Palms, Kohinoor Lounge, Xovar Lounge, Elegushi Beach, and hospitals like Vedic Lifecare and Germaine Hospital.

Property Types and Features

Property Types: The estate offers 4-bedroom terraces (Dewberry), 4-bedroom semi-detached duplexes (Hawthorne), and 4–5-bedroom fully detached duplexes (Cypress and Magnolia). All units include a boys’ quarters (BQ).
Features:
- Dewberry (4-Bedroom Terrace Duplex with BQ):
  - All en-suite bedrooms with fitted wardrobes and balconies.
  - Two living rooms (main and family lounge), fully fitted kitchen with appliances (hob, oven, hood extractor).
  - Power showers, jacuzzi in master bedroom, and split ACs in all rooms.
  - Floor area: ~226 sqm on a 278 sqm plot.
- Hawthorne (4-Bedroom Semi-Detached Duplex with BQ):
  - Similar features to terraces, with larger living spaces and a box/storage room.
  - Ample parking for 3–5 cars and metered utilities.
- Cypress (4–5-Bedroom Fully Detached Duplex with BQ):
  - Type A: 4 bedrooms with a cinema room.
  - Type B: 5 bedrooms with spacious layouts.
  - Type C: 4 bedrooms with a void for open-plan design.
  - Features include private swimming pools, home automation, and integrated audio systems.
- Magnolia (Fully Detached Duplex):
  - Premium 4–5-bedroom units with luxury finishes, cinema spaces, and large compounds.
Title: Governor’s Consent, ensuring secure ownership.

Price List

Note: Prices are based on listings from Prestigious Homes Limited and similar properties in Lekki Phase 1, updated as of June 25, 2025. Some property types (e.g., Cypress Type A, B, C, and Magnolia) are sold out. Prices may vary based on market trends and developer promotions.

For Sale

Dewberry (4-Bedroom Terrace Duplex with BQ):
- Price: ₦230,000,000 (45 units, inclusive of fees).
- Payment Plan: 12 months, 20%–30% initial deposit, balance spread interest-free.
Hawthorne (4-Bedroom Semi-Detached Duplex with BQ):
- Price: ₦280,000,000 (14 units, inclusive of fees).
- Payment Plan: 12 months, 20%–30% initial deposit.
Cypress (4–5-Bedroom Fully Detached Duplex with BQ):
- Price: ₦370,000,000 (29 units, sold out as of 2023).
Magnolia (Fully Detached Duplex):
- Price: ₦450,000,000–₦600,000,000 (sold out as of 2023).
Average Price: ₦350,000,000 (range: ₦230,000,000–₦600,000,000 for similar properties in Lekki Phase 1).

For Rent

4-Bedroom Terrace/Semi-Detached Duplex with BQ:
- Rent: ₦8,000,000–₦10,000,000 per annum.
- Service Charge: ₦1,200,000.
- Caution Fee: ₦500,000.
- Agency/Legal Fees: ₦800,000–₦1,000,000 each (10% of rent).
- Total First-Year Package Example (4-Bedroom): Rent (₦9,000,000) + Service Charge (₦1,200,000) + Agency (₦900,000) + Legal (₦900,000) + Caution (₦500,000) = ₦12,500,000.
Average Rental Price: ₦6,988,636 (range: ₦8,000,000–₦10,000,000 for similar properties in Lekki Phase 1).

Investment Potential

Advantages:
- Prime location in Lekki Phase 1 ensures high rental demand and property appreciation (20%–30% annual ROI reported in similar estates).
- Secure title (Governor’s Consent) minimizes investment risks.
- Proximity to major developments (Lekki Free Trade Zone, Lekki Deep Sea Port, Fourth Mainland Bridge) drives long-term value.
- Flexible 12-month payment plans with low initial deposits make acquisition accessible.
- Success stories like Lekki Gardens investors earning ₦116.03 million in under 2 years highlight strong ROI potential.
Challenges:
- High service charges (₦1,200,000) and additional fees may increase ownership costs.
- Traffic congestion on the Lekki-Epe Expressway during peak hours can affect accessibility.
- Some property types (Cypress, Magnolia) are sold out, limiting current purchase options.
Outlook: Lekki Foreshore Estate’s luxurious design, waterfront appeal, and strategic location make it a top-tier investment for rental income and capital gains in Lekki’s premium market.

Nearby Estates and Developments

Cowrie Creek Estate, Pinnock Beach Estate, Northern Foreshore Estate, Ikate Elegushi, and Orange Island.
Proximity to Nike Art Gallery, Centro Lekki Mall, Whitesands School, and Elegushi Beach.

Contact Information

For inquiries or property viewings:

Lekki Foreshore Estate, Lekki Phase 1:
- Prestigious Homes Limited: Contact via ownahome.ng or in**@*****************td.com.
- Nigeria Property Centre: nigeriapropertycentre.com.
- PropertyPro Nigeria: propertypro.ng.
- Eden Oasis Realty: edenoasisrealty.com, +234 803 305 0929.
General Inquiries: Lekki Gardens (in**@**********ns.com, 07001239008) for similar developments.
Note: Verify agent credentials and inspect properties physically before payments to avoid scams.

Conclusion

Lekki Foreshore Estate in Lekki Phase 1 offers a luxurious waterfront living experience with modern amenities, including 24/7 power, smart home features, and secure infrastructure. Its prime location along Freedom Way, coupled with proximity to major economic hubs, ensures high rental yields and property appreciation. While some property types are sold out, available terraces and semi-detached duplexes provide attractive options for buyers and investors. Contact verified agents for the latest pricing and availability.

Disclaimer: Prices and availability are based on data as of June 25, 2025, and may vary. Verify details with estate agents or developers for accuracy.

Lekki Foreshore Estate (Complete Breakdown + Price List)