L5 Banana

L5 Banana by Grenadines Homes is an exclusive waterfront address in Banana Island, offering refined 2 and 3-bedroom apartments, 4-bedroom maisonettes and an exceptional 3-bedroom penthouse mezzanine. With elegant architecture, a private jetty, lagoon-front pool and premium lifestyle amenities, construction is already underway with piling completed, giving early buyers the opportunity to secure a residence at an advanced stage of development.

Why Choose L5 Banana?

L5 Banana distinguishes itself through the combination of a prestigious Banana Island address, genuine waterfront living and residences designed on a scale that goes well beyond conventional apartment living. The development offers a considered range of homes, from 2-bedroom apartments of approximately 133–137 sqm in suite area to 3-bedroom apartments measuring approximately 271 sqm, 4-bedroom maisonettes ranging from 244–254 sqm, and an exceptional penthouse mezzanine with 807 sqm of internal suite area and 266 sqm of balcony space.

The interiors are designed around high ceilings, fine detailing and carefully selected finishes, while front-facing apartments feature functional kitchens with artwork wall separations that create a distinctive transition between the kitchen and living areas. The homes also incorporate practical spaces such as studies, stores, terraces, family lounges and BQ provisions where specified, giving the larger residences the flexibility expected from a premium family home.

For buyers who want their home to feel like a private retreat without being disconnected from the city, L5 Banana offers a rare combination of residential scale, privacy and waterfront access.

L5 Banana is a Community Built Around Waterfront Living

The defining lifestyle feature of L5 Banana is its relationship with the open lagoon waterfront. Residents can enjoy the calm of the water from the lagoon-front pool, while the beautifully designed jetty provides a dedicated waterfront setting for leisure, dining and social experiences.

The development extends that lifestyle beyond the water. A state-of-the-art gymnasium supports daily fitness, while the exclusive business lounge and private meeting room provide spaces for work and professional engagements within the development. A dedicated children’s playground ensures younger residents have their own environment for outdoor recreation.

With a reception and grand lobby, concierge services, elevators, ample parking and well-paved internal roads, L5 Banana is designed around the idea that luxury should be experienced throughout the entire property, not limited to the apartment itself.

Prime Banana Island Location

Banana Island is one of Lagos’s most prestigious residential neighbourhoods, known for its exclusive homes, established infrastructure and proximity to the city’s major commercial and lifestyle districts.

L5 Banana is positioned within the Banana Island Foreshore Estate in Ikoyi, placing residents within an established luxury residential environment while offering the added distinction of open lagoon waterfront living.

The location provides convenient access to Ikoyi, Victoria Island, Lagos Island and other key parts of Lagos, while the island setting gives residents a more private residential atmosphere away from the intensity of the city’s commercial core.

Investment Potential

L5 Banana offers investors an opportunity to participate in a luxury waterfront development in one of Lagos’s most established premium residential locations.

Its appeal is supported by the scarcity of well-positioned waterfront properties within Banana Island, the scale of the residences and the breadth of amenities incorporated into the development. The project offers multiple residential formats, allowing buyers to select from more accessible 2-bedroom apartments through to large 4-bedroom maisonettes and the exceptional penthouse mezzanine.

For buyers focused on long-term property value, L5 Banana brings together a prestigious Banana Island address, waterfront positioning, substantial residential spaces and a strong lifestyle proposition in one development.