Thank you you! Do you think it is ok to just keep this living room and put fireplace and tv in and make the back area a large kitchen with lots of seating?

As I am trying to keep kitchen in the vicinity to utilize the existing plumbing

Are the new owners likely to be a family, young couple, older couple, etc. since that might determine a few things. My friend is currently looking at places with small kitchens and sep. dining area. A young family would need something totally different. So the size of the house and location might play into this.
Have fun. You have so many possibilities here

If you knock out wall between kitchen and living room, where will you put cupboards? I live in a 1200 sq foot rambler, and I couldn't imagine trying to raise a family in it. And having everything completely open would be a nightmare. There is nowhere to escape to. Not everyone wants to be together all the time. This home will not work as an open concept.

The 2 different ceilings in the kitchen makes me think someone already removed something.

Beautiful view! How soon are you planning to sell? If you're doing the updates just to sell, you might be better off selling as-is for the land. Before you do anything, I'd recommend checking with a few local realtors for their advice.

Is the major selling point the view? If so, the remodel should emphasize and improve the views, possibly by rearranging the windows once the add-on porch is gone. Many people don't want to see a kitchen when they first walk in, so you could build a small foyer wall to obscure the kitchen from view. But you could also use a spectacular wall of windows (no upper cabinets) and sliding doors in the kitchen/family room.

Best Rd - Kitchen Island and Window Wall · More Info

I hope you realize that the kitchen wall is part of the main support for your entire house. You will never recover the cost of putting in a beam to support the house. At 1100 sq feet, there is only so much you can do to increase the value.

Is this in Northern MN lake country? The view is lovely.

Adding structural beams can be well worth their cost. It all depends on your goal.

The cost of replacing steel beams ranges from $1,091 to $3,379, with an average cost of $2,155. However, the scale of the project and the type of beams mean that prices vary considerably from as little as $800 to as much as $5,000. These costs include the materials and the price of hiring a professional builder.

https://www.improvenet.com/r/costs-and-prices/steel-beam-repair-cost-estimator

Draw a floor plan for more help.

if you remove a porch and do not have a deck or patio that is an error...... I would clean things up...paint...flooring....fix the ceiling...deck/porch w french doors or patio door...ikea cabinets and new appliances. Peek a boo view can be widened by removal of the one gnarly tree in line where the lake widens out. I suspect the bathroom is dated and that is a major deal unless you can just put new faucet/ fix the caulk/etc. this all depends on your budget. But modest clean up and getting the infrastructure proper can be enough with a water side or water view property. Extra would be an Ikea kitchen which probably can look good in a house like this.

Yes there is a deck off where I want to put Kitchen/dining room

This is on Whidbey Island in the Pacific NW. The water view is Saratoga Passage in the Puget Sound.

I think that if you are selling the house you just make some cosmetic changes so it will be appealing to potential buyers: rip out the carpet, install a wood floor if there is not one there already, paint, remove the faux brick from the kitchen, clean up the landscaping and the let the view and location do the rest of the work for you.