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Top-ranked Young gave Montverde, Fla. all it could handle early Friday morning at the City of Palms Tournament in Fort Myers, Fla., but the Dolphins lost 68-63 in overtime.
Montverde is ranked No. 2 in the country by USA Today.
Junior guard Miles Reynolds and junior forward Paul White both fouled out. Jahlil Okafor, matched up against highly-touted big man Dakari Johnson, scored 16 and grabbed 13 rebounds. Johnson finished with nine points and 17 rebounds.
Florida recruit Kasey Hill scored four consecutive points to seal the win for Montverde.
Young will play Omaha Central in the consolation round on Friday.