The Residence
5-bedroom residences in Banana Island
- Starting price
- $1,750,000
- Bedrooms
- 5
The development
The Residences is a private collection of 14 fully detached villas on Plot C2, Banana Island. Each 5-bedroom home comes with its own private pool, staff quarters and two-car garage, set inside a secure, landscaped enclave on Lagos's most exclusive island.
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There's a version of luxury that means a taller building, and a version that means never sharing a wall with anyone at all. The Residences is built on the second definition. Fourteen fully detached villas, across three sizes, sit inside Banana Island, each one a complete freestanding home rather than a unit inside someone else's building, with its own pool, its own staff quarters, and its own private entrance.
Why Choose The Residences?
Every villa here is a full five-bedroom home, not an apartment scaled up to feel like one. Type A and Type B rise across four levels, ground floor through to a private roof terrace, with 761 and 676 sqm of internal space respectively, while Type C holds the same five-bedroom, five-bathroom standard across three levels at a more compact 352 sqm. Each villa comes with its own boys' quarters, its own private swimming pool, and two dedicated car parks, the kind of ordinary daily privileges that a shared tower can only offer as a communal facility, available here to every single household on its own terms. The larger types add a private office, a family lounge separate from the main living room, and a roof terrace built with its own kitchenette, giving owners genuine additional living space rather than a token outdoor extra. With only fourteen homes across the entire development and thirty-six parking spaces in total, this isn't a building competing on scale. It's a small, deliberately limited community where every household gets the kind of space and privacy an apartment, however large, was never built to offer.
A Private Enclave Within Banana Island
The development itself is laid out with the same discipline as the villas inside it. Of the 6,276 sqm total site, close to two thousand square metres are given over to internal roads, sidewalks and vegetation alone, with a further pocket set aside for gatehouses and generator rooms, infrastructure built to keep the estate running quietly and securely without residents ever needing to think about it. It's a scale of internal planning most Banana Island developments don't extend to, an estate built around fourteen homes with the same seriousness usually reserved for a project ten times its size.
Prime Location
Banana Island has spent years building its reputation as Lagos's most secure and most exclusive residential address, a private island reached through gated entry points and held to a standard of infrastructure, power reliability and landscaped waterfront living that few other parts of the city can match. Living inside Plot C2 places residents in exactly that setting, close enough to Lagos's business districts, shopping and entertainment to stay fully connected to the city, while remaining behind one of its most carefully guarded gates.
Investment Potential
Banana Island's land has never been available in any real volume, and a collection of only fourteen fully detached villas makes that scarcity even more pronounced within the development itself. Standalone homes with private pools and dedicated staff quarters are genuinely rare inside Lagos's most prestigious postcode, where most new supply arrives as apartments rather than complete houses. That combination, an address that has never gone out of demand, and a housing type inside it that almost nobody else is building right now, gives The Residences a position few developments on the island can claim at the same time.
Fourteen homes, on one of the only pieces of ground in Lagos where a private pool and a five-bedroom footprint can still sit behind a single gate. Banana Island decides who gets to live there. The Residences decides what kind of home they get to live in once they do.
Residences & prices
| Type | Size | Price from | Floor plan |
|---|---|---|---|
| Five bedroom detached duplex | 352 sqm | $1,750,000≈ ₦2.63B | View |
Payment plan
30% Initial deposit, Spread balance over 15 - 18 months
Amenities
Lifestyle
- BBQ Area
- Landscaped Gardens
- Rooftop Terrace
- Swimming Pool
Security
- 24 Hours Security
- Access Gate
- Perimeter Fence
- Security Post
Building
- Dedicated Parking
- Private Balcony
- Private Pool
- Private Terrace
- Standby Generator
Location
Banana Island, Lagos
Questions buyers ask
Where is The Residences located?
The Residences is located in Banana Island, Lagos.
How many villas are in this development, and what sizes are available?
The development comprises 14 fully detached villas across three types: 2 Type A villas (761 sqm internal area), 3 Type B villas (676 sqm internal area), and 9 Type C villas (352 sqm internal area).
Does each villa have its own private pool?
Yes. Every villa in the development, across all three types, includes its own private swimming pool.
Do the villas include staff accommodation?
Yes. Every villa includes its own boys' quarters (BQ) as standard.
How much parking is provided?
Each villa includes two dedicated car parks, with 36 parking spaces provided across the development in total.
Interested in The Residence?
Temitope Oseni can answer questions, share the latest availability and arrange a private viewing.



