Comprehensive Guide to Megamound Estate Lekki: Full Details

Comprehensive Guide to Megamound Estate, Lekki: Full Details and Breakdown

Megamound Estate, located in Ikota, Lekki, Lagos, Nigeria, is a prestigious residential development known for its luxury, security, and modern infrastructure. Positioned in the vibrant Lekki corridor, specifically Lekki Phase 2, this estate offers a serene and upscale living environment, making it a top choice for families, professionals, and expatriates. Managed by Megamound Investment Limited, a company established in 1992, the estate combines exquisite architecture with state-of-the-art amenities, catering to those seeking premium housing and investment opportunities. This article provides a detailed breakdown of Megamound Estate, covering its location, property types, pricing, infrastructure, amenities, and considerations for potential residents or investors.

Location and Accessibility

Megamound Estate is situated along Megamound Avenue in Ikota, Lekki, Lagos, near the Chevron tollgate and Lekki-Epe Expressway. Its prime location in Lekki Phase 2 ensures easy access to major commercial hubs like Lekki Phase 1, Victoria Island (20-30 minutes without traffic), and Ikoyi. The estate is close to key landmarks such as the Lekki Conservation Centre (1.7 miles), Nike Art Gallery (7.8 miles), and shopping destinations like Atlantic Centre and Sky Mall. The well-paved Megamound Avenue and proximity to the Lekki-Epe Expressway provide excellent connectivity, though peak-hour traffic can be a challenge.

Property Types and Features

Megamound Estate offers a variety of residential properties, including detached and semi-detached duplexes, terrace duplexes, apartments, and land for development. Properties are designed with contemporary architecture, high-quality fittings, and modern amenities to ensure comfort and luxury. Below is a breakdown of the main property types available:

1. Detached and Semi-Detached Duplexes

  • Description: Spacious standalone or paired homes, typically featuring 4-6 bedrooms with a boy’s quarter (BQ), ideal for large families or those desiring luxury living.
  • Features:
    • All rooms en-suite with walk-in closets and showers
    • Fully fitted kitchens with appliances (double-door refrigerators, ovens, microwaves, heat extractors)
    • Modern amenities like smart home automation, CCTV cameras, and in-built Bluetooth speakers
    • High POP ceilings, Spanish porcelain tiles, LED lighting, and chandeliers
    • Additional features like swimming pools, private cinemas, gyms, rooftop terraces, and elevators in select properties
    • Spacious compounds with parking for 5-8 cars
  • Examples:
    • 5-bedroom fully detached duplex with BQ, pool, cinema, gym, and elevator, priced at ₦700 million.
    • 4-bedroom detached duplex with BQ and pool, priced at ₦290 million.
    • 5-bedroom detached duplex with smart home features and rooftop terrace, priced at ₦400 million.

2. Terrace Duplexes

  • Description: Modern multi-unit residences with shared walls, offering a balance of luxury and affordability for smaller families or professionals.
  • Features:
    • 3-4 bedrooms, often en-suite with fitted wardrobes
    • Fully equipped kitchens, aesthetic POP ceilings, and modern sanitary wares
    • Access to estate facilities like pools, gyms, and communal spaces
  • Examples:
    • 3-bedroom terrace duplex in a secure estate, priced at ₦3 million per annum (rent).
    • 4-bedroom terrace duplex with BQ, priced at ₦350 million (sale).

3. Flats and Apartments

  • Description: Includes 1-3 bedroom flats and maisonettes, suitable for singles, young professionals, or small families, often available for short-term or long-term rent.
  • Features:
    • Fully furnished options with air conditioning, flat-screen TVs, Netflix, and Wi-Fi
    • Modern kitchens with appliances (refrigerators, microwaves, washers/dryers)
    • Balconies, dining areas, and access to estate amenities like pools and gyms
  • Examples:
    • 2-bedroom furnished apartment with elevator and 24/7 internet, priced at ₦5.5 million per annum.
    • Luxury 3-bedroom duplex with PS5 and smart security, available for short-term rental.
    • 1-bedroom flat for short let, priced at ₦125,000 per day (minimum 1-week stay).

4. Land

  • Description: Plots of land for custom home construction or residential development.
  • Features:
    • Sizes range from 390-492 sqm or larger
    • Titles include Global Certificate of Occupancy (C of O) and building approval
  • Examples:
    • 390 sqm plot just before Megamound Estate, priced at ₦120 million.
    • Land within the estate suitable for residential development, prices vary based on size.

Pricing Breakdown

Property prices in Megamound Estate reflect its premium status, with variations based on size, features, and location within the estate. Below is a detailed pricing overview based on available data:

For Sale

  • Houses:
    • Average price: ₦236-260 million.
    • Cheapest: ₦900,000 (likely for smaller properties or land).
    • Most expensive: ₦1.2 billion for luxury 5-bedroom detached duplexes with waterfront views.
    • Specific examples:
      • 3-bedroom terrace duplex: ₦3 million (rent).
      • 4-bedroom detached duplex: ₦290-350 million.
      • 5-bedroom detached duplex: ₦260-750 million, with Некоторое время назад with high-end units reaching ₦1.2 billion.
  • Land:
    • Starting at ₦120 million for 390 sqm plots.
    • Larger plots (e.g., 492 sqm): Prices vary based on location and title.

For Rent

  • Houses:
    • 3-bedroom terrace duplex: ₦3 million per annum.
    • 4-bedroom duplex: ₦12 million per annum.
    • 5-bedroom detached duplex: ₦12 million per annum.
  • Flats/Apartments:
    • 1-bedroom flat (short let): ₦125,000 per day.
    • 2-bedroom apartment: ₦5.5 million per annum.
  • Additional Fees (for rentals):
    • Agency fee: 10% of rent
    • Legal fee: 10% of rent
    • Caution deposit: 10% of rent (refundable)
    • Inspection fee: ₦20,000 (refundable upon payment).

Infrastructure and Amenities

Megamound Estate is renowned for its modern infrastructure and high-quality amenities, ensuring a comfortable and secure living experience. Key features include:

  • Roads: Well-paved roads with interlocked estate streets and tarred access via Megamound Avenue.
  • Electricity: 24/7 power supply through estate generators, solar inverters, and EKDC connections. Many homes include inverters or personal generators.
  • Water Supply: Boreholes, water treatment plants, and reservoirs provide clean water, as there is no central water system.
  • Drainage: Efficient drainage systems minimize flooding, though minor issues may occur during heavy rains.
  • Security: 24/7 surveillance with CCTV cameras, controlled access points, and professional security personnel.
  • Estate Amenities:
    • Swimming pools, gyms, and cinemas in select properties
    • Communal parks, playgrounds, and recreational areas
    • High-speed Wi-Fi and smart home features in many homes
    • Supermarkets, restaurants (e.g., Mega Chicken, Spicebowl), and shopping malls nearby
  • Nearby Attractions:
    • Lekki Conservation Centre (1.7 miles)
    • Leisure Sports Paintball (4.8 miles)
    • Atlantic Centre and Grand Cinema
    • Renowned schools, healthcare facilities, and shopping malls in Lekki Phase 1 and 2.

Notable Features of Megamound Estate

  • Luxury Architecture: Homes feature Spanish tiles, high POP ceilings, smart locks, and top-notch fittings like jacuzzis and steel handrails.
  • Community Atmosphere: Regular events and communal spaces foster a family-friendly environment.
  • Investment Value: High demand and proximity to commercial hubs ensure strong rental and resale potential.
  • Sustainability: Solar inverters and water treatment systems promote eco-friendly living.

Considerations for Potential Residents or Investors

Pros

  • Prime Location: Close to Lekki-Epe Expressway, Chevron, and Victoria Island, with easy access to recreational and commercial hubs.
  • Luxury Living: High-end properties with smart home features, pools, cinemas, and gyms.
  • Security: 24/7 surveillance and controlled access ensure safety.
  • Investment Potential: Strong appreciation due to Lekki’s growing real estate market.
  • Community: Family-friendly with parks and social events.

Cons

  • High Costs: Average house prices range from ₦236-260 million, with rentals starting at ₦3 million per annum.
  • Traffic: Peak-hour congestion on Lekki-Epe Expressway can delay commutes.
  • Flooding Risk: Minor flooding may occur in some areas during heavy rains due to drainage limitations.
  • Additional Fees: Rentals include agency, legal, and caution fees, increasing overall costs.

Why Choose Megamound Estate?

Megamound Estate offers an unmatched blend of luxury, security, and convenience in one of Lagos’ most sought-after neighborhoods. Its proximity to business districts, schools, and recreational facilities makes it ideal for families and professionals. The estate’s modern infrastructure, including reliable power, water, and security systems, ensures a high quality of life. For investors, the area’s high demand and appreciation potential make it a lucrative opportunity. Whether you’re seeking a dream home or a profitable investment, Megamound Estate delivers sophistication and value.

Contacting Agents and Viewing Properties

Numerous verified real estate agents and agencies list properties in Megamound Estate on platforms like Nigeria Property Centre, PropertyPro.ng, and PrivateProperty.ng. Sample contacts include:

  • Apple Properties: 08025286152
  • The Benk Homes: 07046115575
  • Nevickhills Realty: 08083233032, 09044272524
  • Alvinacle Properties: 09015101160

Contact agents via phone, WhatsApp, or email for inquiries or to schedule inspections. Some agents charge a refundable inspection fee (e.g., ₦20,000).

Conclusion

Megamound Estate in Ikota, Lekki, is a premier residential destination offering luxury homes, modern amenities, and a secure environment. With its strategic location, high-quality infrastructure, and diverse property options, it caters to discerning homeowners and investors. While the high costs and occasional traffic or flooding challenges may be considerations, the estate’s benefits—luxury, security, and investment potential—make it a top choice in Lagos’ real estate market. Explore listings and contact reputable agents to find your ideal property in this upscale neighborhood.

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