A novel inbred maize line designated PH714 and seed, plants and plant parts thereof. Methods for producing a maize plant that comprise crossing inbred maize line PH714 with another maize plant. Methods for producing a maize plant containing in its genetic material one or more traits introgressed into PH714 through backcross conversion and/or transformation, and to the maize seed, plant and plant part produced thereby. Hybrid maize seed, plant or plant part produced by crossing the inbred line PH714 or an introgressed trait conversion of PH714 with another maize line. Inbred maize lines derived from inbred maize line PH714, methods for producing other inbred maize lines derived from inbred maize line PH714 and the inbred maize lines and their parts derived by the use of those methods.