The average rent for a 1 Bedroom flat in Banana Island, Lagos spans ₦17,000,000 to ₦17,000,000 per annum. Standard luxury units begin at ₦17,000,000, while ultra-premium properties featuring ocean panoramas, penthouse positioning, and bespoke interiors can exceed ₦17,000,000. Pricing reflects the island's exclusivity, unmatched security infrastructure, and proximity to Lagos Lagoon waterfront.

Most 1 bedroom flats in Banana Island are available both furnished and unfurnished. Unfurnished properties typically cost ₦17,000,000 to ₦17,000,000 annually. Furnished properties feature designer furniture, high-end appliances, and premium finishes, ranging from ₦2,500,000 to ₦5,000,000 annually—usually 30-50% higher than unfurnished equivalents. Many properties come with smart home systems and luxury fixtures as standard. On ExpertListing, you can filter search results by furnishing status to match your preference.

Common amenities in Banana Island 1 bedroom flats include: 24/7 armed security, uninterrupted power supply, high-speed elevators, infinity pools, state-of-the-art fitness centers, and valet parking. Premium buildings offer concierge services, private beach access, cinema rooms, spa facilities, and helipad access. All properties have advanced fire suppression systems, treated water, and smart building management. Most developments feature waterfront restaurants and yacht marinas. Amenities represent the highest standards available in Lagos, though specific features vary by building—verify with the property owner on ExpertListing.

Yes Banana Island is worth the price - if you have the money. Ikoyi's expensive pricing shows unmatched security, prestige, and luxury amenities that appeal to executives and high-earners who prioritize privacy and status. The island offers Lagos's most secure environment with good surveillance. For people in senior corporate positions or running successful businesses; the prestige address, networking opportunities with other high-net-worth residents, and exceptional living standards in Ikoyi justify the cost. However, if budget is a primary concern, please avoid Ikoyi.