Congrats on your new home! Do you know if the walls are load bearing? I would get an engineer involved before anything else, to determine what you are working with. It also looks like you have the HVAC return in that wall, which would need to be rerouted (and not rerouted to kitchen location).

Congratulations on the new house. It is hard to tell over the internet whether and how many load bearing walls are impacted (and what is in the walls). That will significantly impact costs. If it were me, I would live there 6 months before starting any large remodel projects. You get better ideas about what you really want to change after you live in the space for awhile.

I would definitely remove the closet and wall between the kitchen/living room. However, if you place the fridge on the left side of the sink it becomes very visible from the living room. I would move the range (to the left of the window) and put a more decorative hood above (as a nicer focal point or feature) and move the sink into an island increasing your prep space. Fridge would then move into the corner along the space wall where the range is currently (or put a pantry beside then fridge). The room has good size but poor layout cramming the range and fridge in that small corner. Before removing any walls you certainly need to make sure there in not a load-bearing factor. Hope that helps!

Thanks for all the great comments! @CLC, the unit on the wall there is actually just an electric wall heating unit, so thankfully this project wouldn't involve re-routing the HVAC return. I definitely need to determine if there are load-bearing walls impacted there. @smit2380, that's great advice about living in the house for a while before taking on any major remodels. @Detail by Design: Thanks for the awesome insight!