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MLS ID KEY1062059Last updated Oct 14, 2026

Single Family

242 Prospect Road

Active · Blooming Grove · Orange County, NY 10950

Bedrooms
3 Beds
Bathrooms
2 Baths
Year built
1980
Est. monthly taxes
$1,072.78
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About this home

**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 snapshot

Days on site
15 days
Listed on MLS
Oct 13, 2026
Full baths
1
Half baths
1
Annual property tax (MLS)
$12,873.38
Tax year
2025
Area source (MLS)
Other
Listing brokerage
eRealty Advisors, Inc
MLS ID
KEY1062059
Last updated
Oct 14, 2026

General features

Property type
Single Family
Property subtype
Single Family Residence
Year built
1980
Garage
Yes
Garage spaces
2
Parking
Driveway
Water source
Well
Sewer
Septic Tank
Utilities
Electricity Connected, Phone Available, Trash Collection Public

Interior features

Basement
Walk-Out Access
Heating
Baseboard, Oil, Other
Cooling
Wall/Window Unit(s)
Interior
Other
Appliances
Other

Exterior features

Architectural style
Split Level
Construction materials
Frame
Private pool
Yes

Schools (MLS)

Elementary school
Round Hill Elementary School
Elementary school district
Washingtonville
Middle school
Washingtonville Middle School
Middle school district
Washingtonville
High school
Washingtonville Senior High School
High school district
Washingtonville

School information is provided by the MLS. Confirm attendance eligibility with the school district.

Recent activity

  1. Listing updated from MLS
  2. First seen on this site
  3. MLS status changed

Location

Blooming Grove · Orange County, NY 10950Show interactive map
242 Prospect Road

Blooming Grove · Orange County, NY 10950

Google Maps directions

Estimate monthly payment

Loan detailsFixed-rate, fully amortizing loan. Edit the assumptions below; no market rate is supplied.
Property expenses (USD)
MLS amounts are prefilled when available and can be edited. Confirm what fees include. Unknown fee frequencies cannot be converted automatically.Property expenses: MLS values where available; missing values stay blank.

Estimated monthly principal & interest—

Monthly property taxNot provided

Monthly association / maintenance feesNot provided

Estimated monthly total of entered costs—

Excludes insurance, mortgage insurance, special assessments and lender fees. MLS taxes may reflect abatements or exemptions and can change.

Listing data is supplied by the MLS and may change without notice.