For Sale House MLS# 1035856

242 Prospect Road

Monroe, NY 10950

$999,000

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About 242 Prospect Road

**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 details

Property

Type
single
Year built
1980
Living area
1,678 sqft
Price / sqft
$595
Lot
1.00 ac
List date
Aug 6, 2026

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Listed by eRealty Advisors, Inc

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.