Unfortunately, our other potential space is our living room which is small. I'd like to keep it upstairs as the finished basement is the playroom. Good suggestion, though. I pushed the chairs back towards the fireplace a little more and it's not bad. Is it an issue that the sofa isn't centered on the TV? Do I need a larger area rug? We may change the carpet to some type of faux hardwood, so I think an area rug still makes sense. Would a coffee table look good with this arrangement is the two end tables? It would be centered on the sofa, which would be off center from the TV.

Put TV on the wall where the circle mirror is. Float the sofa facing it and place the two chairs right and left of the sofa, facing each other over a coffee table.

Beautiful sofa. Can you move the old sofa to the den? Consider moving the gray credenza to the wall where the mirror is and moving the TV to that wall and lower. Then you could have some art of the fireplace and a better view angle. A rug is needed to ground the space. I like the chairs in this inspiration picture but two swivel chairs would be good in your room also. The mirror reminds me of your mirror. I like the small round table for you and/or some c-tables. You will need some patterned/textured throw pillows, too.

Nice large window and hardwood floors! Here's a few things to think about: 1 Turn the rug so the long side is facing the sofas. Then bring the sofas in closer off the walls and have the front leg sit on the rug. 2 A coffee table 3. Bring the two teal chairs closer to the sofas to create a conversation area and not block the lovely fireplace. 4. Remove the mirrors (They are hung too high) and get one large piece of art 5. Try longer curtains that just touch the floor, maybe in teal . Two panels per side. 6 Does the chair that is suspended from the ceiling have to stay?