Dough
4 tablespoons unsalted butter, super softened
1 cup milk, lukewarm
1/3 cup water, lukewarm
1/4 cup granulated sugar
1 package or 2 1/4 teaspoons rapid rise, instant or bread machine yeast
3 1/4 cups all-purpose flour, plus extra for work surface
2 teaspoons table salt
Brown Sugar Coating
1 cup packed light brown sugar
2 teaspoons ground cinnamon
8 tablespoons unsalted butter (1 stick or 4 ounces), melted
Cream Cheese Glaze
3 ounces cream cheese, softened
3 tablespoons powdered sugar, plus extra if needed
2 tablespoons milk, plus extra if needed
1/4 teaspoon vanilla extract
Butter Bundt pan lightly. Set aside.
In large measuring cup, mix together milk, water, melted butter, sugar, and yeast. Note, it has to be luke warm. If it's too hot, the yeast will fizzle up. Set aside.
In a stand mixer, mix flour and salt with dough hook. Turn machine to low and slowly add milk mixture. After dough comes together, increase speed to medium and mix until dough is shiny and smooth, 6 to 7 minutes. (The dough should be sticky but if it is too wet to come together into anything cohesive, add an additional 2 tablespoons flour.) Turn dough onto lightly floured counter and knead briefly to form smooth, round ball.
If you're doing it by hand, mix flour and salt in large bowl. Make well in flour, then add milk mixture to well. Using wooden spoon, stir until dough becomes shaggy and is difficult to stir. Turn out onto lightly floured work surface and begin to knead, incorporating shaggy scraps back into dough. Knead until dough is smooth, about 10 minutes. Shape into taut ball.
Coat large bowl with nonstick cooking spray or a tablespoon of neutral oil. Place dough in bowl and coat surface of dough with more cooking spray or oil. Cover bowl with plastic wrap and place in a high location until dough doubles in size, 50 to 60 minutes.
When that's just about done, prepare the brown sugar coating... place melted butter in one bowl. Mix brown sugar and cinnamon in a second one. Take any left over butter and drizzle against sides of bundt pan.
Form the bread... flip dough out onto floured surface and gently pat into an 8-inch square. Here's an easy cheat: take a regular sheet of paper to measure (8.5x11). Using a pizza cutter, bench scraper or knife, cut dough into 64 pieces. I used the pizza cutter because it's quick and easy.
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Remove pan from oven and heat oven to 350. Unwrap pan and bake until top is deep brown and caramel might begin to bubble around edges, 30 to 35 minutes. Cool in pan for 10-15 minutes then turn out on platter and allow to cool slightly.
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Drizzle the glaze over monkey bread, letting it run over top and sides of bread.
Serve warm.