14787 COASTAL HIGHWAY, MILTON, DE 19968 - PenFed Realty Mid-Atlantic

$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… Read More 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. Take the video tour! Read Less

Courtesy of Kimberly Lear Hamer, Monument Sotheby's International Realty 302-227-6767

Listing Snapshot

Days Online

Last Updated

Apr 6, 2026

Property Type

Single Family Residential

Beds

Full Baths

Partial Baths

Square Ft.

3,253

Lot Size

0.69 Acres

Year Built

1950

MLS Number

DESU2107978

Additional Details

Appliances & Equipment

Built-In Microwave, Dishwasher, Disposal, Extra Refrigerator/Freezer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Dryer

Basement

Unfinished

Building

Built in 1950, Built in 2020 (effective), Living area: 3253, Levels: 2, Construction Materials: Stick Built

Cooling

Central A/C

Accessibility Features

2+ Access Exits

Exterior Features

Patio/Porch Features: Deck(s), Porch(es)

Floors

Ceramic Tile, Luxury Vinyl Plank

Foundation

Block

Heating

Forced Air

Interior Features

Attic, Breakfast Area, Built-Ins, Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space

Lot

0.69 acres, Dimensions: 150x200, Landscaping, Not In Development, Rear Yard

Parking

Crushed Stone

Pets Policy

Allowed: No Pet Restrictions

Property

Other structures: Above Grade, Below Grade

Roof

Architectural Shingle

Sewer

On Site Septic

Taxes

Annual Amount: $1,036, Lot: 8, Year: 2021, Zoning: AR-1

Utilities

Cable TV, Propane, Water Source: Well

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14787 COASTAL HIGHWAY

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