A 3 Bedrooms flat in Banana Island runs ₦35,000,000 to ₦65,000,000 per year. Standard luxury units begin at ₦35,000,000, while ultra-premium properties with ocean views, penthouse positioning, and bespoke interiors exceed ₦65,000,000. You're paying for the most exclusive address in Lagos; controlled access, unmatched security, and living among Nigeria's elite. The island's limited space and high demand keep prices at the absolute top of the market.

Here's something to clear up: in Nigerian property listings, 'flat' and 'apartment' aren't different things. They're two words for the same accommodation style; self-contained residential units in buildings with other tenants. Whether you search '3 bedroom flat Banana Island' or '3 bedroom apartment Banana Island', you'll find the same properties. The terms are completely interchangeable here.

Banana Island properties are available both ways, though many come furnished to luxury standards. Unfurnished units cost ₦35,000,000 to ₦65,000,000 yearly. Furnished properties feature designer furniture, high-end European appliances, and premium finishes, running an additional ₦4,500,000 to ₦10,000,000 more per year; 30-50% higher than bare units. Many properties include smart home systems and luxury fixtures as standard regardless of furnishing. Filter by furnishing status on ExpertListing to see what's available.

Banana Island properties come with 24/7 armed security, uninterrupted power supply, high-speed elevators, infinity pools, state-of-the-art fitness centers, and valet parking. Premium buildings feature concierge services, private beach access, cinema rooms, spa facilities, and some even have helipad access. All properties have advanced fire suppression systems, treated water, and smart building management. You'll find waterfront restaurants and yacht marinas within the island. This is the highest standard of amenities available in Lagos; everything is luxury-grade. Still, verify building-specific features with owners on ExpertListing.

ExpertListing verifies all landlords upfront; you'll see their verification status. For additional protection: Book a viewing using our map feature. Ask to see the Certificate of Occupancy or Governor's Consent and confirm authenticity. Ensure the person renting to you owns the property or is an authorized agent. Don't transfer rent without a proper signed tenancy agreement. Document all communications through ExpertListing's messaging system for your records.

Banana Island absolutely works for families who can afford it; it's not just status symbol living. The security is unmatched in Lagos; kids can actually play outside safely, ride bikes around the island, and you sleep peacefully at night. Zero power issues means stable home environment for children. The island has its own international school, healthcare facilities, and recreational spaces. Water quality is excellent, air is cleaner than mainland Lagos. Other families live there, so kids have playmates from similar backgrounds. The isolation creates strong community bonds among residents. The downside is kids grow up in a bubble; they're not exposed to typical Lagos realities, which some parents worry about. It's also limiting socially; kids' friends must be approved to visit, which can be awkward. For families with serious money who prioritize safety, stability, and premium lifestyle for their children, Banana Island delivers real value beyond prestige.