Budgeting for houses in Ikoyi means serious money. Rent ranges from ₦50,000,000 to ₦210,000,000 per year. Old Ikoyi houses with large compounds and mature gardens sit at the top. New Ikoyi developments with modern finishes are slightly cheaper. Location within Ikoyi matters; Bourdillon Road and Gerrard Road properties command premium pricing. Service charges in organized estates add monthly. Generator costs are significant for large houses. Ikoyi houses are for people who can comfortably afford luxury; if the rent makes you nervous, look at VGC or Lekki Phase 2.

Ikoyi offers the full range of house types. Detached houses with large compounds are the classic Ikoyi property; think 4-6 bedrooms with boys' quarters, gardens, and parking for multiple cars. Semi-detached houses are common in newer developments; you share a wall but still get private compound space. Terrace houses exist in modern estate developments; more affordable entry into Ikoyi. Bungalows are rare since land value makes multi-storey builds more practical. Old Ikoyi has colonial-era mansions with character; New Ikoyi has contemporary designs with smart home features.

Both options exist in Ikoyi. Unfurnished houses run ₦50,000,000 to ₦210,000,000 annually. Furnished properties with designer furniture, premium appliances, and luxury finishes cost ₦3,000,000 to ₦8,000,000 more per year. Many Ikoyi houses come semi-furnished; built-in wardrobes, kitchen cabinets, and sometimes AC units are standard. Fully furnished with high-end European appliances and quality furniture targets diplomats, foreigners, and corporate executives on housing allowances. Filter by furnishing status on ExpertListing.

Ikoyi houses set the standard for Lagos. Expect 24/7 security with armed guards, backup generators (many estates have uninterrupted power), treated water systems, maintained roads, and manicured landscapes. Premium estates feature swimming pools, tennis courts, gyms, and dedicated parking. Most compounds have boys' quarters for domestic staff. Newer developments add smart home technology, CCTV networks, and central air conditioning. Ikoyi infrastructure is the best Lagos offers; maintained sewage, reliable water supply, and professional estate management.

ExpertListing verifies all listings upfront. For Ikoyi properties specifically; schedule a thorough physical inspection using our map. Ikoyi houses are expensive so due diligence matters more. Request the C of O or Governor's Consent and verify through the Lagos State Land Registry. Confirm estate management fees and what they cover. Check the compound's structural integrity; older houses may need attention. Review the tenancy agreement carefully; ensure maintenance responsibilities are clear. Document everything through ExpertListing's messaging.

The stereotype has some truth; Ikoyi is historically old money Lagos. Families who've owned compounds for decades; lawyers, judges, senior civil servants, and established business owners. But it's changing. New money tech founders, oil and gas executives, and successful entrepreneurs from abroad are moving in. Diplomatic community is strong; embassies and consulates are nearby. You'll also find corporate executives on expat packages whose companies pay Ikoyi rent. It's a mix of generational wealth and new success; what they share is the ability to afford premium Lagos living.