Prime Water View Estate, Lekki: Full Details with Complete Breakdown and Price List
Prime Water View Estate, located in Ikate, Lekki Phase 1, Lagos, Nigeria, is a luxurious residential estate developed by Primewaterview Limited. Known for its serene environment, modern amenities, and strategic location along Freedom Way, it is one of Lagos’ most sought-after gated communities. This article provides a comprehensive overview of the estate, including property types, features, pricing, and additional costs, based on available real estate listings and developer information.
Overview of Prime Water View Estate
Prime Water View Estate, comprising Gardens 1 and Gardens 2, is situated off Freedom Way, Ikate, near the 2nd roundabout in Lekki Phase 1. The estate is accessible via Admiralty Way or the Lekki-Epe Expressway, approximately five minutes from The Palms Shopping Mall. Completed in 2009 (Gardens 1) and 2014 (Gardens 2), it spans about 10,900 sqm and offers a secure, clean, and serene living environment. Key features include 24/7 power supply, treated water, high-profile security, and recreational facilities like swimming pools, tennis courts, and children’s playgrounds. Its proximity to schools, banks, supermarkets, and restaurants enhances its appeal for families, professionals, and investors.
Property Types Available
Prime Water View Estate offers a range of residential properties, including apartments, penthouses, terraced houses, and semi-detached duplexes. Properties are available for sale, rent, and shortlet, catering to diverse needs. Below is a detailed breakdown of property types, features, and price ranges.
1. Apartments
Apartments range from self-contained units to 3-bedroom flats, with options for furnished or unfurnished units, some including Boys’ Quarters (BQ).
- Self-Contained/Studio Apartment
- Features: Fully furnished, smart TV, swimming pool access, 24/7 power, gated estate, fitted kitchen, WiFi, microwave, refrigerator, gas cooker, cleaning services.
- Location: Prime Water Gardens 2, Ikate, Lekki Phase 1.
- Shortlet Price: ₦16,000–₦18,000 per day; ₦250,000 per month.
- Source: Nigeria Property Centre
- 1-Bedroom Apartment (Shared or Mini Flat)
- Features: Partly serviced, CCTV, 24/7 security, reverse osmosis water treatment, good drainage, WiFi, weekly cleaning, gas replacement.
- Location: Ikate Elegushi, adjacent to Prime Water View Estate.
- Rental Price: ₦3,000,000 per annum.
- Additional Costs:
- Service Charge: ₦460,000 per annum (excludes estate levy)
- Power Deposit: ₦100,000 (prepaid meter)
- Agency Fee: 10% (₦300,000)
- Legal Fee: 10% (₦300,000)
- Caution Deposit: 10% (₦300,000)
- Note: Tenants provide their own generator.
- Source: Nigeria Property Centre
- 2-Bedroom Apartment
- Features: Fully serviced, elevator, 24/7 security, rooftop swimming pool, backup power, fitted kitchen with gas cooker, microwave, steam extractor, quality wardrobes, modern POP ceiling, water treatment facility, ample parking.
- Location: Off Gbangbala Street, Ikate, Lekki Phase 1.
- Sale Price: ₦120,000,000.
- Rental Price: ₦3,000,000 per annum (unfurnished).
- Title: Governor’s Consent.
- Additional Costs (Rental):
- Service Charge: To be determined
- Agency Fee: 10%
- Legal Fee: 10%
- Caution Deposit: 10%
- Source: Nigeria Property Centre, PropertyPro.ng
- 3-Bedroom Apartment
- Features: Fully serviced, swimming pool, elevator, 24/7 security, fitted kitchen, water heater, POP ceiling, ample parking, 24/7 power, good drainage, some with BQ.
- Location: Prime Water Gardens 1 or 2, Ikate, Lekki Phase 1.
- Sale Price: ₦100,000,000–₦175,000,000 (varies by floor, BQ, and renovation status).
- Examples:
- 3-Bedroom (no BQ, 3rd floor, tenanted): ₦100,000,000
- 3-Bedroom with BQ (1st floor, renovated): ₦170,000,000
- Examples:
- Rental Price: ₦4,000,000–₦5,000,000 per annum.
- Shortlet Price: ₦63,000–₦130,000 per night.
- Additional Costs (Rental):
- Service Charge: ₦500,000–₦1,000,000 per annum
- Agency Fee: 10%
- Legal Fee: 10%
- Caution Deposit: 10%
- Power: Pay-as-you-go (24/7 light)
- Title: Deed of Assignment, Power of Attorney, Deed of Mortgage, Mortgage Approval.
- Source: Nigeria Property Centre, PropertyPro.ng, Plistbooking.com
- 3-Bedroom Shared Apartment (Room Rental)
- Features: Fully furnished, 24/7 power, swimming pool, elevator, 24/7 security, WiFi, weekly cleaning, gas replacement, spacious living room, fitted kitchen.
- Location: Prime Water View Estate, Ikate.
- Rental Price:
- Master Bedroom (ensuite): ₦250,000 per month
- Standard Room (non-ensuite): ₦200,000–₦225,000 per month
- Additional Costs:
- Service Charge: ₦75,000 per month (covers electricity contribution, cleaning, WiFi, gas)
- Agency Fee: 10% (e.g., ₦22,500–₦25,000)
- Legal Fee: 5% (e.g., ₦11,250–₦12,500)
- Caution Deposit: ₦50,000 (refundable)
- Source: Nigeria Property Centre
2. Penthouses
Penthouses offer luxury living with additional space and premium amenities.
- 3-Bedroom Penthouse
- Features: Fully serviced, swimming pool, elevator, 24/7 security, fitted kitchen, BQ, ample parking, high-end finishing.
- Location: Prime Water Gardens, Ikate, Lekki Phase 1.
- Sale Price: ₦140,000,000 (negotiable).
- Source: Nigeria Property Centre
- 4-Bedroom Penthouse
- Features: Spacious with 2 living rooms, maid’s room, swimming pool, elevator, 24/7 security, 24/7 power, fitted kitchen, modern amenities.
- Location: Prime Water Gardens, Ikate, Lekki Phase 1.
- Sale Price: ₦200,000,000.
- Source: Nigeria Property Centre
3. Terraced and Detached Houses
These properties cater to families seeking larger, independent living spaces.
- 3-Bedroom Terraced House (Shortlet)
- Features: Fully furnished, 24/7 power, estate security, spacious living room, fitted kitchen, WiFi, DSTV, Netflix, PlayStation 4, parking space.
- Location: Coral Court, Ikate, near Prime Water View Estate.
- Shortlet Price: ₦40,000 per day.
- Source: Bluehedge Realtors
- 4-Bedroom Terraced Duplex (Shortlet)
- Features: Stylishly furnished, 24/7 power, estate security, wine bar, high-speed internet, premium DSTV, Netflix, spacious bedrooms, parking space.
- Location: Ikate, near Lekki Phase 1.
- Shortlet Price: ₦140,000–₦145,000 per night.
- Additional Costs: Agency Fee: ₦14,000 per night.
- Source: Nigeria Property Centre
- 5-Bedroom Semi-Detached Duplex
- Features: All ensuite bedrooms, BQ, modern architectural design, fully fitted kitchen, spacious living and dining area, walk-in closets, 24/7 security, gated access, high-quality finishing, ample parking.
- Location: Close to Prime Water Gardens, Ikate, Lekki.
- Sale Price: ₦380,000,000.
- Title: Governor’s Consent.
- Source: Nigeria Property Centre
4. Block of Flats
Blocks of flats are available for investors seeking multiple units for rental income.
- 6 Units of 3-Bedroom Flats
- Features: Fully serviced, swimming pool, elevator, 24/7 security, 24/7 power, good drainage, ample parking, supermarket, pharmacy, restaurant.
- Location: Prime Water Gardens, Ikate.
- Sale Price: ₦100,000,000–₦130,000,000 per unit (varies by floor and BQ).
- Examples:
- Violet Block (no BQ, 3rd floor, tenanted): ₦100,000,000
- Rose Block (with BQ, 1st floor, vacant June 2025): ₦130,000,000
- Examples:
- Service Charge: ₦68,000 per month per unit.
- Source: Nigeria Property Centre
Price List Summary
Below is a consolidated price list for properties in Prime Water View Estate, Lekki Phase 1 (as of June 25, 2025, in Nigerian Naira, ₦).
For Sale
| Property Type | Price Range (₦) | Title/Documentation |
|---|---|---|
| Self-Contained/Studio | Not available | – |
| 1-Bedroom Apartment | Not available | – |
| 2-Bedroom Apartment | 120,000,000 | Governor’s Consent |
| 3-Bedroom Apartment | 100,000,000–175,000,000 | Deed of Assignment, Power of Attorney, Mortgage Approval |
| 3-Bedroom Penthouse | 140,000,000 | – |
| 4-Bedroom Penthouse | 350,000,000 | – |
| 5-Bedroom Terraced House | Not available | – |
| 4-Bedroom Terraced Duplex | Not available | – |
| 5-Bedroom Semi-Detached House | 380,000,000 | Governor’s Consent |
| Block of Flats (3-Bedroom, 6 units) | 100,000,000–130,000,000 per unit | – |
For Rent
| Property Type | Price Range (₦/Year) | Additional Costs (₦) |
|---|---|---|
| 1-Bedroom Apartment | 3,000,000 | Agent: 300,000, Legal: 300,000, Caution: 300,000, Service: 460,000, Power: 100,000 |
| 2-Bedroom Apartment | 3,000,000 | Agent: 10%, Legal: 10%, Caution: 10% |
| 3-Bedroom Apartment | 4,000,00–5,000,000 | Agent: 10%, Legal: 10%, Caution: 10%, Service: 500,000–1,000,000, Power: Pay-as-you-go |
| 3-Bedroom Shared Apartment (Room) | 200,000–250,000/month | Agent: 10%, Legal: 5%, Caution: 50,000, Service: 75,000/month |
Shortlet
| Property Type | Price Range (₦) |
|---|---|
| Self-Contained/Studio | 16,000–18,000/day; 250,000/month |
| 3-Bedroom Apartment | 63,000–130,000/night |
| 3-Bedroom Terraced House | 40,000/day |
| 4-Bedroom Terraced Duplex | 140,000–145,000/night |
Additional Costs Breakdown
When purchasing, renting, or shortletting properties in Prime Water View Estate, additional costs typically include:
- Agency Fee: 5–10% of the sale, rental, or shortlet price.
- Legal Fee: 5–10% of the sale or rental price, covering documentation.
- Caution Deposit: Refundable deposit for damages, ranging from ₦50,000 to ₦300,000.
- Service Charge: Monthly or annual fee for estate maintenance (e.g., security, power, water, cleaning), ranging from ₦68,000/month to ₦1,000,000/year.
- Power Deposit: ₦100,000 for prepaid meters (rental properties); shortlets include pay-as-you-go electricity.
- Inspection Fee: May apply for some listings.
Key Features of Prime Water View Estate
- Security: 24/7 high-profile security with CCTV, uniformed personnel, and gated access.
- Power Supply: Uninterrupted 24/7 electricity via 2.5MVA transformer and standby generators.
- Water Supply: Reverse osmosis water treatment plant ensures clean, potable water.
- Recreational Amenities: Swimming pools, lawn tennis courts, children’s playgrounds, relaxation spots.
- Infrastructure: Well-paved roads, efficient drainage system, waste management, interlocked streets.
- Commercial Facilities: On-site supermarket, pharmacy, restaurant, and bar.
- Additional Services: Elevators, estate management (cleaning, fumigation, sewage disposal), WiFi, DSTV, Netflix.
- Proximity: Close to Nike Art Gallery (3.2 km), Lekki Conservation Centre (7.4 km), major restaurants, malls, and schools.
- Investment Value: High rental and resale potential due to prime location and continuous property appreciation.
Investment Opportunities
Prime Water View Estate is a prime investment destination due to its high demand and strategic location. Properties, especially 3-bedroom apartments, are suitable for Airbnb, yielding significant shortlet income (e.g., ₦63,000–₦130,000/night). The “Promise to Own” scheme, offered by Primewaterview Limited, allows buyers to take possession with partial payment and a structured payment plan, making homeownership accessible despite high mortgage rates (up to 22%) in Nigeria. Past listings indicate 3-bedroom flats sold for as low as ₦45,000,000 in 2017–2019, with current prices reflecting substantial appreciation (₦100,000,000–₦175,000,000).
Conclusion
Prime Water View Estate, Lekki Phase 1, is a benchmark for luxury and convenience in Lagos’ real estate market. With a variety of properties, from affordable self-contained units to high-end penthouses and duplexes, it caters to residents, investors, and short-term visitors. Its robust infrastructure, premium amenities, and prime location ensure high returns on investment and a comfortable lifestyle. Prospective buyers, tenants, or shortlet guests should verify listings through reputable platforms like Nigeria Property Centre, PropertyPro.ng, or Primewaterview Limited’s official channels and conduct inspections to avoid scams.
Note: Prices and availability are subject to change. The data is based on listings from 2017–2025 and may not reflect current market conditions. Contact agents or the developer for updated information.
Sources:
- Nigeria Property Centre
- PropertyPro.ng
- Private Property Nigeria
- Plistbooking.com
- Bluehedge Realtors
- Primewaterview Limited
- Radarr.africa