Hi Mnsportsgeek, From the sounds of it you would like a functional living and viewing space without involving to much construction. Here is my suggestion: 1. Wall mount your 50" TV with a Chief TS525TU Thinstall Articulating wall mount just to the left of the fire place. This has a approx. extension of 24" with wide range of movement to allow you to center the TV on your couches viewing are when in use and put in back out of the way when not. 2. Power is located in the wall below to allow for an easy fish of power cords to conceal wires in the wall. Or leave them run externally if so desired. 3. Entertainment center and equipment can be placed below TV leaving plenty of room to walk through. 4. For internet: If signal throughout house is not strong enough look into the "eero" in Home Wifi System (link https://eero.com/shop). Extremely easy to setup and very affordable for the DIYer. Got to have that Netflix! 5. Set up couches and coffee table in the 90 degree layout with the focal point being the fire place. The TV swivel out and angled to the same center point of the couch layout. I believe this will give you a great space saving setup with a great viewing area of the TV and Fire place. Couches can be placed in view of the fire place and TV. All without to much construction till your ready for the "big upgrade". Hope this helps!

I would take up the rug in the dining room and place it in the living room and then rearrange the furniture in your room like this. I am aware the distance from the sofa and the peninsula is going to be tricky but I think it can be finessed. I wouldn't work about placing the recliner in the way of the sliding door as there are an additional set of sliding doors not more than 2ft away for accessing the patio. I would not bother with any rug beneath the dining table. Your flooring is so very lovely, I think it's great to actually see it. This is really the correct way to position your furniture with a corner fireplace.

Partim's idea is good but I'm not sure that's the way the wall is. That's why I was asking for a full on shot. Beth's ideas are great, but in the inspiration photos the fireplaces are different styles, the ones with the TVs on them. I would hazard a guess you're not going to redo the fireplace? My dad has a similar two-window alcove like you do to the right of his fireplace (looking straight at the fireplace, viewers right). He has a tv table angled in the corner. It looks good. They even make corner shaped TV tables. That way your couch or the two chairs could be across from the fireplace and have a good view of the TV. Plus putting the TV in the corner next to the fireplace brings it closer to the center of the room for better viewing. I'd put the TV there, the couch across from the fireplace and the two chairs where the couch is now. Every seat then has a good view of both fireplace and TV. My dad keeps those two windows blinds closed, so no glare issues with TV. Just food for though, if the TV looks bad above the fireplace.

We need pictures and a lot more info as to sizes etc.