Orange Island Estate, Lekki: (Full Review + Price List)

Orange Island Estate, Lekki: (Full Review + Price List)

Orange Island Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Orange Island Estate, a luxurious reclaimed island developed by Orange Island Development Company in partnership with the Lagos State Government and FW Dredging, is a premium residential and mixed-use community located in Lekki Phase 1, Lagos, Nigeria. Spanning over 150 hectares along the Lagos Lagoon, this estate is designed to rival Banana Island, offering a serene, upscale lifestyle with waterfront views, modern infrastructure, and proximity to commercial hubs like Admiralty Way and Victoria Island. Launched in 2013, it features unique residential clusters with secure lake access, making it a haven for affluent residents, investors, and expatriates. This article provides a comprehensive breakdown of properties and land available, including pricing, amenities, and investment potential.

Orange Island Estate
Orange Island Estate

Location

  • Address: Orange Island Estate, Freedom Way, Lekki Phase 1, Lagos, Nigeria.
  • Neighborhood Highlights:
    • Proximity: 5–10 minutes from Lekki Phase 1’s Admiralty Way, 15–20 minutes from Victoria Island via Lekki-Ikoyi Link Bridge, and 10 minutes from The Palms Shopping Mall. Close to Lekki Conservation Centre and Oniru Beach.
    • Landmarks: Adjacent to Lekki Foreshore Estate, near Lagos Business School, and surrounded by luxury estates like Pinnock Beach and Oniru. Nearby amenities include Novare Mall/Shoprite, beach clubs, and fine dining.
    • Accessibility: Accessible via Freedom Way off Lekki-Epe Expressway or Lekki-Ikoyi Link Bridge. Internal roads are planned to be paved with interlocking blocks, though infrastructure construction for Phase 2 and extensions is ongoing (scheduled completion mid-2025).
    • Surroundings: Positioned on a reclaimed lagoon, offering lagoon views and a tranquil environment, with high-end commercial and recreational developments nearby, including a proposed marina and golf course.

Property and Land Types

Orange Island Estate is primarily focused on land sales, with limited residential listings as a phase development, reflecting its early-stage status:

  • Residential Properties:
    • 2-Bedroom Maisonette: Off-plan units in planned residential clusters, ideal for luxury living.
    • 3-Bedroom Duplex: Available in Phase 1, designed with modern amenities for families.
    • 4-Bedroom Duplex: Planned high-end detached or semi-detached units with waterfront views.
    • Current Listings: Only four flats (likely off-plan maisonettes) are listed, with no specific details on completed houses (Nigeria Property Centre).
  • Land:
    • Sizes: 650 sqm, 911 sqm, 1,000 sqm, 1,200 sqm, 1,441.569 sqm, 2,076.111 sqm, 2,600 sqm, and up to 40,000 sqm (4 hectares) for extensions.
    • Types: Residential (low/medium density, up to 4 floors), mixed-use (high density, up to 10 floors), and commercial (e.g., 7,000 sqm waterfront).
    • Features: Flat, reclaimed land with infrastructure like roads, power, and water in Phase 1; Phase 2 and extensions await infrastructure by mid-2025.

Amenities

Orange Island Estate is designed to offer world-class infrastructure, emphasizing luxury, sustainability, and functionality:

  • Security:
    • Fully gated with 24/7 CCTV surveillance, central security, and restricted entry for privacy.
    • No local interference or touting, ensuring a safe community (TD Homes and Properties).
  • Infrastructure:
    • Paved, interlocked roads with well-drained systems (Phase 1 complete, Phase 2 ongoing).
    • Landscaped environment with green spaces, a natural lake, and 42,000 sqm of playgrounds.
    • Modern sewage system and excellent road network for connectivity.
  • Utilities:
    • Central power supply via estate transformers and EKDC connection.
    • Central water supply through treated boreholes.
    • Central sewage and waste management systems.
  • Community Features:
    • Waterfront views and a proposed marina for leisure.
    • Recreational spaces including social clubs, sports arenas, and green areas.
    • Proximity to beach clubs, golf courses, shops, restaurants, and cafés.
    • Diverse community with local and expatriate residents, fostering vibrant social events.
  • Planned Property Features:
    • Fitted kitchens with smart appliances.
    • Ensuite rooms with walk-in closets and luxury sanitary wares.
    • Smart home automation and balconies with lagoon views in premium units.
  • Management:
    • Managed by Orange Island Development Company, ensuring high standards.
    • Service charge**: Not specified, but estimated at ₦1,000,000–₦2,000,000 p.a., covering security, utilities, and maintenance (based on similar estates like Pinnock Beach).

Price List

Pricing for properties and land in Orange Island Estate reflects its premium status and high demand. Below is a detailed price list based on available listings as of June 2025 (subject to verification with agents):

  • Properties for Sale:
    • 2-Bedroom Maisonette:
      • Price: Not explicitly listed; indicative range ₦500,000,000–₦750,000,000 (off-plan, based on similar properties in Lekki Phase 1).
      • Features: Ensuite rooms, fitted kitchen, access to pool/gym (planned).
      • Title: Certificate of Occupancy (C of O).
    • Average House Price: ₦450,750,000 (indicative for Lekki Phase 1, Nigeria Property Centre).
  • Land for Sale:
    • 650 sqm:
      • Price: ₦350,000,000–₦380,000,000.
      • Details:
        • ₦350,000,000 (Phase 1, 12 Pearls Ventures, 08056378528).
        • ₦360,000,000 (Phase 1/2, Vallecano Ventures, 08027294775).
        • ₦380,000,000 (Phase 1, Keland Realty, 09094278351).
      • Title: C of O, Deed of Allocation/Sublease.
    • 911 sqm (Mixed-Use):
      • Price: ₦625,000,000 (10 floors allowed, Keland Realty, 09094278351).
      • Title: C of O.
    • 1,000 sqm:
      • Price: ₦500,000,000–₦750,000,000.
      • Details:
        • ₦500,000,000 (Phase 1, Lfk Ltd, 09157443530).
        • ₦520,000,000 (Phase 1, Oakland County, 08038350584).
        • ₦550,000,000 (Phase 2, PrivateProperty.com.ng, PID: 1PBWXG).
        • ₦750,000,000 (promo price, was ₦800,000,000, F. A. Esan Consulting, 08033448110).
      • Title: C of O, Governor’s Consent.
      • Payment Plan: 70% initial deposit, balance in 6 months (Addyhollyhomes, 09060675930).
    • 1,200 sqm (Waterfront):
      • Price: ₦700,000,000 (Keland Realty, 09094278351).
      • Title: C of O.
    • 1,441.569 sqm (Medium Density):
      • Price: ₦600,000 per sqm (approx. ₦865,000,000, F. A. Esan Consulting, 08033448110).
      • Title: C of O.
    • 2,076.111 sqm (Lakeview, High Density):
      • Price: ₦600,000 per sqm (approx. ₦1,245,666,600, F. A. Esan Consulting, 08033448110).
      • Title: C of O.
    • 2,600 sqm (Mixed-Use):
      • Price: Not explicitly priced; indicative ₦1,560,000,000 at ₦600,000/sqm (F. A. Esan Consulting, 08033448110).
      • Title: C of O.
    • 40,000 sqm (4 Hectares, Extension):
      • Price: Not specified; indicative ₦30,000,000,000 at ₦750,000/sqm (Temisegun Concept, 07018259114).
      • Title: Allocation Letter, Deed of Sublease post-payment.
    • 7,000 sqm (Commercial Waterfront):
      • Price: ₦10,000,000,000 (Bmb Property Company, 07082355208).
      • Title: C of O.
    • Average Land Price: ₦350,000,000–₦750,000,000 for 650–1,000 sqm (Nigeria Property Centre).
  • Additional Costs:
    • Agency Fees: 5–10% for sales.
    • Legal Fees: 5–10% for documentation.
    • Service Charge: Estimated ₦1,000,000–₦2,000,000 p.a. (based on similar estates).
    • Development Levy: May apply for infrastructure in Phase 2/extension (verify with agents).

Note: No rental listings are available. Prices are subject to change. Contact agents like F. A. Esan Consulting (08033448110), Keland Realty (09094278351), or Vallecano Ventures (08027294775) for updates.

Investment Potential

  • Rental Income:
    • Limited data on rentals, but 2–4 bedroom units in nearby Lekki Phase 1 yield ₦10,000,000–₦15,000,000 p.a., suggesting 5–7% returns on a ₦500,000,000–₦750,000,000 investment.
    • Short-lets in Lekki Phase 1 fetch ₦150,000–₦200,000/day, indicating potential for high occupancy near beach clubs and malls.
  • Capital Appreciation:
    • Land values are projected to rise from ₦530,000/sqm (September 2024) to ₦600,000–₦700,000/sqm by 2025, offering 13–32% appreciation (PrivateProperty.com.ng).
    • Example: A 650 sqm plot at ₦350,000,000 could reach ₦390,000,000–₦455,000,000 in 1–2 years.
  • Resale Value:
    • High demand for Orange Island’s land, especially waterfront and mixed-use plots, ensures strong resale potential, driven by its proximity to Lekki Phase 1 and planned amenities like a marina.

Comparison with Nearby Estates

  • Lekki Foreshore Estate (Lekki Phase 1):
    • 4-Bedroom Duplex: ₦520,000,000; Land (1,000 sqm): ₦400,000,000–₦420,000,000.
    • Features: Similar luxury, but less waterfront focus.
  • Pinnock Beach Estate (Osapa):
    • 500 sqm Land: ₦350,000,000–₦550,000,000; 5-Bedroom Duplex: ₦1,500,000,000.
    • Features: Beachfront, but farther from Victoria Island.
  • Oniru Estate (VI Extension):
    • 4-Bedroom Terrace: ₦520,000,000; Rent: ₦12,000,000 p.a.
    • Features: Central location, but less serene than Orange Island.

How to Purchase

  1. Contact Agents:
    • Reach out to verified agents like:
      • F. A. Esan Consulting: 08033448110 (various plots).
      • Keland Realty: 09094278351 (650–1,200 sqm).
      • Vallecano Ventures: 08027294775 (multiple sizes).
      • Ticino Group: 08138504813 (2,600 sqm).
    • Check listings on Nigeria Property Centre (nigeriapropertycentre.com) or PrivateProperty.com.ng.
  2. Site Inspection:
    • Schedule visits (Monday–Saturday, 8:00 AM–8:00 PM, 2-hour notice) via Freedom Way, Lekki Phase 1.
  3. Due Diligence:
    • Verify titles (C of O, Governor’s Consent, Deed of Sublease) through land registry search.
    • Engage a lawyer to confirm no encumbrances and validate PPP with Lagos State Government.
  4. Payment Options:
    • Outright payment preferred; some listings (e.g., 1,000 sqm at ₦750,000,000) offer 70% initial deposit, balance in 6 months.
    • Verify infrastructure inclusion for Phase 2/extension plots.
  5. Documentation:
    • Obtain C of O, Governor’s Consent, or Allocation Letter/Deed of Sublease.
    • Pay agency (5–10%), legal (5–10%), and estimated service charges (₦1,000,000–₦2,000,000 p.a.).

Clarification

  • Orange Island Estate: Located in Lekki Phase 1, not to be confused with Orange County Estate (Ibeju-Lekki, near Epe) or Orange Ville Estate (Ogombo, Ajah). It’s a reclaimed island, not a traditional estate.
  • Development Status: Phase 1 has infrastructure (roads, power, water); Phase 2 and extensions await completion by mid-2025. Reclamation is complete, ensuring dry land.
  • No Rentals: Current focus is on land and off-plan sales; no rental listings are available.

Conclusion

Orange Island Estate, Lekki Phase 1, Lagos, offers a luxurious waterfront lifestyle with land plots (₦350,000,000–₦10,000,000,000) and limited off-plan properties (indicative ₦500,000,000–₦750,000,000). With planned amenities like a marina, 24-hour power, and secure access, it rivals Banana Island and Pinnock Beach. Its 13–32% annual appreciation and high demand make it ideal for investors and affluent residents. Contact agents like F. A. Esan Consulting (08033448110) or Keland Realty (09094278351), 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.

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