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8452 Madison Ave - SFR Development Site 3.85 Acres of Residential Land Offered at $2,353,752 CAD in Fair Oaks, CA 95628
Investment Highlights
- Large infill development site on Madison Avenue
- New homes in the neighborhood are selling for $800,000+
- Directly across the street from Bella Vista High School and less than five minutes’ drive to LeGette Elementary School and Carnegie Middle School
- Potential to re-zone for up to 10 units per acre
- Ten minutes’ drive to Target, Walmart, Raley’s, Safeway, Trader Joe’s, Grocery Outlet, WinCo Foods, and dozens of restaurants and services
Executive Summary
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.
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.
Property Facts
| Price | $2,353,752 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 3.85 AC |
| Zoning | RD-3 | ||
| Price | $2,353,752 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 3.85 AC |
| Zoning | RD-3 |
1 Lot Available
Lot
| Price | $2,353,752 CAD | Lot Size | 3.85 AC |
| Price Per AC | $611,364.15 CAD |
| Price | $2,353,752 CAD |
| Price Per AC | $611,364.15 CAD |
| Lot Size | 3.85 AC |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $330,962 CAD | |
| Land Assessment | $1,066,979 CAD | Total Assessment | $1,397,942 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,066,979 CAD
Improvements Assessment
$330,962 CAD
Total Assessment
$1,397,942 CAD
Contacts
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Joshua Johnson -
Omid Azimzadeh -
Kirk Trammell -
Mitchell Zurich -
Marcus & Millichap
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8452 Madison Ave - SFR Development Site
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