3 beds1,678 sqft$595/sqft
242 Prospect Rd, Monroe, NY 10950
Est: $6,151/moGet pre-approved

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...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.
LISTING UPDATED: 08/21/2026 12:53 PM

  1. Listed by Joel Basch • eRealty Advisors, Inc
    P: (914) 712-6330 C: (347) 486-2196 joel@prestigert.com

Property Details for 242 Prospect Road

Status
MLS #
1035856
Days on Market
Listed Today
Taxes
$12,873 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Single Family
Year Built
1980
Lot Size
1.00 AC / 43,560 SF
City/Township
Monroe
Architectural Style
Split Level
Garage Spaces
2
Waterfront
No

Location

Listing Courtesy of eRealty Advisors, Inc
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Building Information for 242 Prospect Road

Stories-Year Built1980Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$6,151 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,078

Property Taxes

$1,073

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 242 Prospect Road

Summary
Location and General Information
  • Senior Community YN: No
  • Property Attached: No
  • Structure Type: Detached
  • State Or Province: NY
School Information
  • School District: Washingtonville
  • Elementary School District: Washingtonville
  • Elementary School: Round Hill Elementary School
  • Middle Or Junior School District: Washingtonville
  • Middle Or Junior School: Washingtonville Middle School
  • High School District: Washingtonville
  • High School: Washingtonville Senior High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 1
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 332003-203-000-0001-008.000-0000
  • Tax Assessed Value: $46,600.00
  • Tax Source: Other
  • Tax Year: 2025
  • Association: No
Interior and Exterior Features
Interior Features
  • Amenities: In Ground, Other, Split Level, Well
  • Interior Features: Other
  • Appliances: Other
  • Total Rooms: 6
  • Basement: Walk-Out Access
  • Attic Description: Pull Stairs
  • Location Amenities: Walk Out Basement, In Ground Pool
  • Living Area: 1678
  • Basement: Yes
Exterior Features
  • Exterior Property Features: In Ground, Driveway
  • Elevation Certificate: No
  • Construction Materials: Frame
  • Pool Private: Yes
  • Pool Features: In Ground
  • Pool Details: In Ground
Lot Information
  • Building Area Units: Square Feet
Parking
  • Parking Features: Driveway
  • Garage: Yes
  • Carport: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Oil, Other
  • Heat Fuel Type: Baseboard, Oil, Other
  • Sewer: Septic Tank
  • Water Source: Well
  • Utilities: Electricity Connected, Phone Available, Trash Collection Public
Green Features
  • Green Features: Other, Baseboard, Oil, In Ground

Property History for 242 Prospect Road

DateEvent & SourcePriceAppreciation
Aug 21, 2026

Listed (Active)

ONEKEY #1035856

$999,000
Dec 16, 2024

Sold (Public Record)

Public Record #1548391886

$815,000
Dec 16, 2024

Sold

ONEKEY #H6289869

$815,000
DateEvent & SourcePrice
08/21/2026

Listed (Active)

ONEKEY #1035856

$999,000
12/16/2024

Sold (Public Record)

Public Record #1548391886

$815,000
12/16/2024

Sold

ONEKEY #H6289869

$815,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 242 Prospect Road

Taxable ValueLand$12,000Additions$34,600Total$46,600
Tax Record2025$12,607 ($1,051 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt2,282 SqFtAbove Grade Finished SqFt1,678 SqFtFinished Basement SqFt604 SqFtStories1Lot Size43,560 SqFtStyleSingle Family ResidenceYear Built1980Year Renovated1980Zoning02CountyORANGEAPN332003 203-1-8

Schools near 242 Prospect Road

This home is within Washingtonville Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Round Hill Elementary School
PublicPK to 5

Washingtonville Middle School
Public6 to 8

Washingtonville Senior High School
Public9 to 12

Taft Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

242 Prospect Road is a single family home for sale in Monroe, NY 10950. This property was listed for sale on August 21, 2026 by eRealty Advisors, Inc, it's currently listed at $999,000. It has been on the market for a total of 0 days and was last sold on December 16, 2024. This listing's school district is Washingtonville Central School District. Nearby schools include Round Hill Elementary School, Washingtonville Middle School and Washingtonville Senior High School. 242 Prospect Road is a 3-bed, 2-bath, 1,678 sqft single family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eRealty Advisors, Inc

Based on information submitted to the MLS GRID as of 08/21/2026 12:53 PM. 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. Properties displayed may be listed or sold by various participants in the 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.