Newly Listed: 14787 Coastal Hwy Milton, DE | “The Field House"
14787 Coastal Hwy Milton, DE | “The Field House"
7 BEDS | 4.5 BATHS | $649,900
Welcome to 14787 Coastal Highway—an exceptional and rare investment opportunity known as “The Field House" conveys fully furnished and decorated and ready to enjoy yourself or reap the rental rewards. This fully renovated (2020) coastal retreat is located on a .69 acre lot and has proven itself as a high-performing rental, generating over $60K in a single year, with strong potential to grow into a true 10-cap + property. Designed to comfortably accommodate 20+ guests, it’s perfectly suited for large group getaways, tournaments, and family reunions. Rental projections from pricelabs is median of $90K and high of $133K per year, see attached details. A charming farmhouse-style covered front porch sets the tone, opening into a warm and inviting family room. A front side entry leads to an expansive great room featuring a striking shiplap ceiling, coastal-inspired wallpaper, and sliding glass doors that open to a spacious rear deck and firepit—ideal for entertaining. The thoughtfully designed kitchen boasts a large center island, stainless steel appliances, tile backsplash, and a generous eat-in dining area. Just off the kitchen, a flexible den provides the perfect space for an additional bedroom or home office. The main level also features an impressive owner’s suite with private backyard access, complemented by a spa-like bathroom with a tiled shower and dual vanities. A powder room and dedicated laundry room complete this level. Upstairs, you’ll find six additional bedrooms, a bunk room, and three beautifully updated full bathrooms, including a second owner’s suite—offering comfort and privacy for guests. This property’s size and location makes it especially attractive for rental demand, with close proximity to popular sports destinations like Turf Field in Frederica and Sports at the Beach in Georgetown. Beyond its strong rental history, it’s also an ideal coastal escape for large families or groups seeking a shared vacation experience. Home is 3,253 square feet heated and 5,012 square feet total including front porch, back deck, and basement. Zoned AR-1 with no community restrictions, the property offers even more income potential with the ability to add a 1,000 sq. ft. accessory dwelling unit—live in one and rent the other, or maximize returns with dual rentals. Freedom to live how you choose and park your RV or boat or work vehicles here. Home features a large basement ideal for storage or workshop. There is also the foundation of a garage that was removed on the property as well. Enjoy the best of Milton beach living with convenient access to nearby beaches, dining, shopping, and local attractions. Schedule your private tour and experience the potential of The Field House today.
Schedule a tour today! Call Kim Hamer (302) 745- 9914
