242 Prospect Road, Monroe, NY 10950
- $999,000
- 3
- BD
- 2
- BA
- 1,678
- SqFt
- List Price
- $999,000
- Days on Market
- 16
- MLS#
- 1035856
- Number Of Families
- 1
- Status
- ACTIVE
- Bedrooms
- 3
- Bathrooms
- 2
- Half-baths
- 1
- Living Area
- 1,678
- Lot Size
- 43560
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.**
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Additional Information
- Year Built
- 1980
- Style
- Split Level
- School District
- Washingtonville
- Elementary School
- Round Hill Elementary School
- Middle School
- Washingtonville Middle School
- High School
- Washingtonville Senior High School
- Total Taxes
- 12873
- Heating
- Baseboard, Oil, Other
- Pool Description
- In Ground
- Parking
- Driveway
- Basement
- Walk-Out Access
- Water
- Well
- Sewer
- Septic Tank
- Taxes
- $12,873
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Listing courtesy of Listing Agent: Joel Basch (joel@prestigert.com) from Listing Office: eRealty Advisors, Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.