NY
Orange
Monroe
10950
242 Prospect Road
242 Prospect Road, Monroe, NY 10950
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Listing Type
Single Family
Listing Status
Active
40
$999,000

Home Details for 242 Prospect Road

Price
$999,000
Type
Residential
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
1
Half Bathrooms
1
Square feet
1678
Year built
1980
Lot size acres
1
County
Orange
Total rooms
6
Garage
2
Basement
Walk-Out Access
Days on site
1
MLS Listing#
1035856
Property Description

**A Rare Development & Investment Opportunity** This is far more than three homes—it's a unique opportunity to acquire **three adjoining properties totaling over 3 acres** in one of the area's fastest-growing locations: **234 Prospect Road • 236 Prospect Road • 242 Prospect Road** Being sold together, these three properties create a rare opportunity for **larger land, greater development potential, and multiple income possibilities.** The true value lies in the potential to **combine the parcels and pursue a potential multi-lot subdivision**, with the possibility of constructing multiple homes (subject to all municipal approvals). Strategically positioned **right at the boundaries of major new residential construction and rapidly expanding communities**, this property sits directly in the path of growth while remaining conveniently close to major shopping and surrounding areas. While pursuing future development, the **three existing homes provide immediate income-producing opportunities**, including long-term rentals, large-group or short-term rentals, or personal use while preserving the property's future potential. Whether you're a **developer, investor, or visionary buyer**, this is an exceptionally rare opportunity to acquire multiple adjoining properties with **existing income, substantial land, and significant long-term upside.** surrounding new construction, and remarkable potential of this one-of-a-kind opportunity.**

Property Features
  • Heating Information
    • Baseboard
    • Oil
    • Other
  • Water Features
    • Private
    • Well
  • Utilities
    • Electricity Connected
    • Phone Available
  • Cooling Information
    • Wall/Window Unit(s)
  • House Interior
    • Other
  • Parking
    • Driveway
  • Basement
    • Walk-Out Access
School Information
School Information for 242 Prospect Road, Monroe, NY 10950
Elementary School
Round Hill Elementary School
Middle School
Washingtonville Middle School
High School
Washingtonville Senior High School
Listing Courtesy: eRealty Advisors, Inc - 914-712-6330
Presented by: Joel Basch
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
Fair Housing Notice
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
EXIT REALTY VENTURE
24 Lake Street, Monroe, NY 10950
Office
845 999 3948
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