SINGLE-FAMILY DEVELOPMENT SITE 8452 Madison Avenue is a +/-4.24-acre residential development site in Fair Oaks. The site has frontage and access from Madison Avenue, one of the major surface streets in the area. Currently zoned RD-3, the site can potentially be re-zoned to allow development with single-family residential uses up to 10 units per acre. STRONG RESIDENTIAL MARKET According to MLS Listings, the median home price in Fair Oaks was $675,000 at the end of the second quarter of 2026. This marks the highest median home price in the last five years and a 10.5% increase since 2023. Sales volume has increased steadily over the last three years; there were 441 closed transactions in the last 12 months, compared to 415 from the year prior and 376 two years ago. NEW HOME DEVELOPMENTS There is one active new home project in Fair Oaks and one development that recently sold out. Fetz Estates is a custom home development with only 12 lots. Homes in this community start at $1.2 million. The Heritage at Gum Ranch is a 251-home development that recently sold out. Recent sales in this community start in the low $800,000s, with some homes selling in the mid-$900,000 range.