This 1912 Colonial in Larchmont presents exceptional flip potential with approved plans for a 6,100 sq ft contemporary build on a prime 0.23-acre lot. Located walking distance to Larchmont Village in a hot market (16.3% YoY price growth), this property offers a compelling opportunity with its current $1.1M list price ($689/sqft), well below the area's $1.7M median.
Execute the approved plans to build the 6,100 sq ft, 6-bed, 5.5-bath contemporary Colonial. The comp data shows strong ROI potential, especially with the add_space scenario showing a 13.3% value increase. With Larchmont's competitive market and limited inventory, a modern luxury build in this location could command a significant premium over the current valuation.