diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7cfc82920e..e66ef4a135 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,6 +22,8 @@ x.x.x Release notes (yyyy-MM-dd)
   transactions have been committed.
 * Fix a "Destruction of mutex in use" assertion failure after an error while
   opening a file.
+* Realm now throws an exception if an `Object` subclass is defined with a managed Swift `lazy` property.
+  Objects with ignored `lazy` properties should now work correctly.
 * Update the LLDB script to work with recent changes to the implementation of `RLMResults`.
 
 1.0.0 Release notes (2016-05-25)
diff --git a/Realm/RLMObjectSchema.mm b/Realm/RLMObjectSchema.mm
index 036cc5e9ca..a122657031 100644
--- a/Realm/RLMObjectSchema.mm
+++ b/Realm/RLMObjectSchema.mm
@@ -171,6 +171,16 @@ + (instancetype)schemaForObjectClass:(Class)objectClass {
     return schema;
 }
 
++ (nullable NSString *)baseNameForLazySwiftProperty:(NSString *)propertyName {
+    // A Swift lazy var shows up as two separate children on the reflection tree: one named 'x', and another that is
+    // optional and is named 'x.storage'. Note that '.' is illegal in either a Swift or Objective-C property name.
+    NSString *const storageSuffix = @".storage";
+    if ([propertyName hasSuffix:storageSuffix]) {
+        return [propertyName substringToIndex:propertyName.length - storageSuffix.length];
+    }
+    return nil;
+}
+
 + (NSArray *)propertiesForClass:(Class)objectClass isSwift:(bool)isSwiftClass {
     Class objectUtil = [objectClass objectUtilClass:isSwiftClass];
     NSArray *ignoredProperties = [objectUtil ignoredPropertiesForClass:objectClass];
@@ -267,6 +277,18 @@ + (NSArray *)propertiesForClass:(Class)objectClass isSwift:(bool)isSwiftClass {
             }
             if (auto type = RLMCoerceToNil(propertyType)) {
                 if (existing == NSNotFound) {
+                    // Check to see if this optional property is an underlying storage property for a Swift lazy var.
+                    // Managed lazy vars are't allowed.
+                    // NOTE: Revisit this once property behaviors are implemented in Swift.
+                    if (NSString *lazyPropertyBaseName = [self baseNameForLazySwiftProperty:propertyName]) {
+                        if ([ignoredProperties containsObject:lazyPropertyBaseName]) {
+                            // This property is the storage property for a ignored lazy Swift property. Just continue.
+                            return;
+                        } else {
+                            @throw RLMException(@"Lazy managed property '%@' is not allowed on a Realm Swift object class. Either add the property to the ignored properties list or make it non-lazy.", lazyPropertyBaseName);
+                        }
+                    }
+                    // The current property isn't a storage property for a lazy Swift property.
                     property = [[RLMProperty alloc] initSwiftOptionalPropertyWithName:propertyName
                                                                               indexed:[indexed containsObject:propertyName]
                                                                                  ivar:class_getInstanceVariable(objectClass, propertyName.UTF8String)
diff --git a/Realm/Tests/Swift2.2/SwiftPropertyTypeTest.swift b/Realm/Tests/Swift2.2/SwiftPropertyTypeTest.swift
index a28c55c5ec..71d508e2dd 100644
--- a/Realm/Tests/Swift2.2/SwiftPropertyTypeTest.swift
+++ b/Realm/Tests/Swift2.2/SwiftPropertyTypeTest.swift
@@ -103,4 +103,20 @@ class SwiftPropertyTypeTest: RLMTestCase {
         XCTAssertEqual(obj.int32, v32)
         XCTAssertEqual(obj.int64, v64)
     }
+
+    func testLazyVarProperties() {
+        let realm = realmWithTestPath()
+        let succeeded : Void? = try? realm.transactionWithBlock() {
+            realm.addObject(SwiftLazyVarObject())
+        }
+        XCTAssertNotNil(succeeded, "Writing an NSObject-based object with an lazy property should work.")
+    }
+
+    func testIgnoredLazyVarProperties() {
+        let realm = realmWithTestPath()
+        let succeeded : Void? = try? realm.transactionWithBlock() {
+            realm.addObject(SwiftIgnoredLazyVarObject())
+        }
+        XCTAssertNotNil(succeeded, "Writing an object with an ignored lazy property should work.")
+    }
 }
diff --git a/Realm/Tests/Swift2.2/SwiftTestObjects.swift b/Realm/Tests/Swift2.2/SwiftTestObjects.swift
index 258e78ece4..228166f935 100644
--- a/Realm/Tests/Swift2.2/SwiftTestObjects.swift
+++ b/Realm/Tests/Swift2.2/SwiftTestObjects.swift
@@ -141,3 +141,12 @@ class SwiftLinkTargetObject: RLMObject {
         return ["backlinks": RLMPropertyDescriptor(withClass: SwiftLinkSourceObject.self, propertyName: "link")]
     }
 }
+
+class SwiftLazyVarObject : RLMObject {
+    dynamic lazy var lazyProperty : String = "hello world"
+}
+
+class SwiftIgnoredLazyVarObject : RLMObject {
+    dynamic lazy var ignoredVar : String = "hello world"
+    override class func ignoredProperties() -> [String] { return ["ignoredVar"] }
+}
diff --git a/RealmSwift-swift2.2/Tests/ObjectSchemaInitializationTests.swift b/RealmSwift-swift2.2/Tests/ObjectSchemaInitializationTests.swift
index aed8fb9cb2..b51a9da530 100644
--- a/RealmSwift-swift2.2/Tests/ObjectSchemaInitializationTests.swift
+++ b/RealmSwift-swift2.2/Tests/ObjectSchemaInitializationTests.swift
@@ -122,6 +122,8 @@ class ObjectSchemaInitializationTests: TestCase {
                      "Should throw when not ignoring a property of a type we can't persist")
         assertThrows(RLMObjectSchema(forObjectClass: SwiftObjectWithOptionalStringArray.self),
                      "Should throw when not ignoring a property of a type we can't persist")
+        assertThrows(RLMObjectSchema(forObjectClass: RealmObjectWithLazyVar.self),
+                     "Should throw when not ignoring a property marked as 'dynamic lazy var'")
 
         // Shouldn't throw when not ignoring a property of a type we can't persist if it's not dynamic
         _ = RLMObjectSchema(forObjectClass: SwiftObjectWithEnum.self)
@@ -147,6 +149,10 @@ class ObjectSchemaInitializationTests: TestCase {
         XCTAssertNil(schema["runtimeProperty"], "The object schema shouldn't contain ignored properties")
         XCTAssertNil(schema["runtimeDefaultProperty"], "The object schema shouldn't contain ignored properties")
         XCTAssertNil(schema["readOnlyProperty"], "The object schema shouldn't contain read-only properties")
+
+        assertSucceeds("Should not throw when ignoring a lazy property.") {
+            _ = RLMObjectSchema(forObjectClass: RealmObjectWithIgnoredLazyVar.self)
+        }
     }
 
     func testIndexedProperties() {
@@ -272,3 +278,12 @@ extension Set: RealmOptionalType { }
 class SwiftObjectWithNonRealmOptionalType: SwiftFakeObject {
     let set = RealmOptional<Set<Int>>()
 }
+
+class RealmObjectWithLazyVar: SwiftFakeObject {
+    dynamic lazy var someVar = ""
+}
+
+class RealmObjectWithIgnoredLazyVar: Object {
+    dynamic lazy var ignoredVar = ""
+    dynamic override class func ignoredProperties() -> [String] { return ["ignoredVar"] }
+}