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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.**
Full Property Details
Full Property Details for 242 Prospect Rd
General
- Price: $999,000
- Taxes: $12,873
- Status: Active
- Type: Single Family
- Source: Long_Island
- MLS ID: 1035856
- Updated: 8/21/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Other
- Appliances: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In-Ground
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Driveway
Location
- County: Orange County
School Information
- High School District: Washingtonville
- Elementary School: Round Hill Elementary School
- Middle School: Washingtonville Middle School
- High School: Washingtonville Senior High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Oil, Other
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Connected, Phone Available, Trash Collection Public
Structural Information
- Architectural Style: Split Level
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Walk-Out Access
- Sq. Ft. Source: Other
- Year Built: 1980
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
Financial Considerations
- Tax Amount: $12,873.38
Disclosures and Reports
- Special Conditions: None
- Property ID: 332003-203-000-0001-008.000-0000
Listed by eRealty Advisors, Inc
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Schools
Schools serving 242 Prospect Rd
School District:Washingtonville Central School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 242 Prospect Rd
Date
Details
Price
Change
Source
8/21/2026
Listed
$999,000
22.58%
MLS
12/16/2024
Sold
$815,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 242 Prospect Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,607
9%
$46,600
6%
2024
$11,569
100%
$44,000
—
2021
-100%
$44,000
—
2016
$8,581
-10%
$44,000
—
2020
$9,567
6%
$44,000
—
2018
$8,987
5%
$44,000
—
2017
$8,592
—
$44,000
—
2016
$8,634
1%
$44,000
—
2015
$8,510
-1%
$44,000
—
2015
$8,587
3%
$44,000
—
2013
$8,374
—
$44,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 242 Prospect Rd
242 Prospect Road, Monroe, NY 10950 (MLS# 1035856) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 242 Prospect Road is currently listed for $999,000 and was received on August 21, 2026. Want to learn more about 242 Prospect Road? Do you have questions about finding other Single Family real estate for sale in Monroe? You can browse all Monroe real estate or contact a Coldwell Banker agent to request more information.
