Your walls look gray in the photo? I'd go for "neutral" and find a nice warm tan color that looks good with the yellow you've chosen for your kitchen and your wood floors! That stove is cool - I hope you love it, as it will dominate many of your choices for this room. But that should work out okay :-) There are tons of prints and fabrics that combine this blue and rust/orange/cream/tan - color scheme - you find the right rug and everything will work out great!
for "modern" something like this: http://www.nowellsfurniture.com/wp-content/uploads/2012/05/1716-Beige.jpg
or if you can afford it, go for an oriental with prominent shades of navy blue and rust - those are easy to find.

http://media.photobucket.com/image/recent/susans02/AdditionPhotos254.jpg
Oriental rug

I would paint those walls a charcoal gray and accessorize with a large chrome framed painting with a white format. everything else will flow in naturally. I'd move those two floor lamps to another room and instead place a modern chrome finish wall sconce on the small wall area behind those lamps.

i would just add art..

The stove is cool but it dominates the room and dwarfs everything else! Whatever else you bring into this room needs to be of a larger scale to balance the size of the stove.

As for color, go with grey. Grey and blue work well together as do grey and yellow. One large lamp, an area rug, a chunky coffee table and a few pics on the walls and done!

I'd choose a warm tan like Sherwin Williams Kilim Beige. I think the room would benefit from a warmer tone and it would set off the bold colors you are using.

Is the stove wood-burning? If so, I would consider laying tile under and around it for safety and also for aesthetics. It would help to identify the stove and give you a place to lay tools and wood rather than on the wood floor.

As for color, I agree with hilltop that a warm beige color would enhance the room and the color on the stove.

Perhaps if you include a photo of the kitchen as well then we can see what colors will compliment the light butter shade.

I'd go with a darker brown (not too dark) but darker than tan/beige that people are suggesting. it will bring out the warm tones of the red and blue that are there.

Without seeing much else and not knowing your lighting situation - two "go to" colors I love that work well are Ben Moore's Wales Grey , and Ben Moore's Revere Pewter. They have a multidimensional color that works well with brighter colors in a room. The WG is a blue/grey magic with lighting, and the RP is a wonderful neutral that also has magic swirled in. Im from Woodbury MN - I noticed your Woodbury reference....

I love the color of your blue stove. I would actually go with an antique white which will make the blue really a wow factor. Add high definition photography with really blue skies or a painting with blue. You can find cushions to blend after choosing the artwork. Blue with cream on the couch could work with the maroon. I find gray dreary and the antique white will make your other color selections "pop". Etsy.com has photography, art, other wall hangings, and cushions in various shops. You can actually easily contact the owners who are sometimes able to customize what you purchase. The "shops" are owned by many individuals in the US, Canada and a lot of other countries. Each shop has a profile of the owner and usually location. If they dont post location, you could ask them.

I think "crescent cream" with a feature wall in "festoon aqua" might be a good choice for your living room.T he choice is yours, in fact you could go many other colors.

I would bring the butter color into the living room and choose some bold art for the walls with the blue and maroon. You could even get some canvas at a craft store and make your own abstracts to incorporate all your colors and add some orange, bold yellow & lime into the art work. Don't forget about plants: a tall tree in the corner (you can get a silk tree) and plants on the table would move the eye around the room. You can also get some colorful throw pillows to add more fun colors.

Before you paint, seriously consider investing in an area rug with colors you love that work with colors you hae. Then pull color from it. Otherwise, you will lose a cohesive pulled together effect. A rug will make the space all blend together. Good luck.

We just moved in here that is why this room looks unfinished (no art on the walls, no rug, etc.) I also find gray dreary (the whole house is painted this colour!) I would include a picture of the kitchen, but it is not yet painted either. There is tons of light in the kitchen, but more subdued light in the living room. I like the idea of the darker brown or antique white like the picture attached.

Thanks for everybody's input; I'll have many more questions to share soon.

My LR furniture is the same color as yours. I painted the walls Country Lane by Behr (available at Home Depot). It is a creamy white with orange undertones. I also brought in paisley pillows in an orange, butter, cabernet and olive print. Amazing how everything works together.

You didn't mention the rest of the house was painted gray. Whatever color you go with, I would ditch that couch. Matching that AND the blue stove is too difficult without ending up looking red-white-and blue. Yuck. Find a rug with bue and yellow, tying in the kitchen wall color and the stove, and go from there. LOVE that stove, but it's a design challenge for sure. Good luck!

bobbi b has the best info here . the light color will only emphasize the color and size of stove, regardless what color you get ....suggestion. paint the wallboards out the color of the wall it will help lengthen the wall and lessen the un needed emphasis on horizontal color break ,it will look less gingerbread , more clean . also paint out ceiling walls and baseboards the same tone, it will feel endless rather than boxed in,,[ whatever color you pick] all the attention will be on the stove and thecarpet you choose not on the white outline.

Ditching the couch really isn't an option at this point. You can't tell from the photo, but in the sunlight it looks a lot more orange than red, so I guess you could call it rust coloured. I really have no love for white baseboards, so painting all the same colour shouldn't be a problem.

To keep your two spaces from feeling choppy, I'd suggest painting them the same color. The maroon and the blue will look fine with with butter yellow. Use a picture, pillows, and/or a rug to pull the three colors together. K-I-S-S Theory works every time! "Keep It Simple, Stupid" (Not implying that you are stupid.)

Definitely go with a buttery shade or a creamy Gardenia, the grey walls are depressing, if you don't want to go so light look for a cinnamon shade to compliment the flooring but a couple of shades lighter at least. As you move away from that room vary the theme with shades of the same basic colour and use art to provide contrast and colour,

What great pieces to start with! I love the idea of carrying the butter yellow — perhaps several shades lighter than the kitchen — onto the walls of this room to brighten it up. An oriental carpet on the floor will tie everything together and give you lots of options for the rest of the room in style: modern, traditional, eclectic. etc.; and accent colors: yellow, a variety of greens, blues, off-whites, anything in the carpet.

I love butter tones. Use it as a neutral and brighten it to a goldenrod behind stove. Tie it all together with a great rug and pillows that repeat the colors. Get rid of the coffee table thing you have and go with glass so you can see the colors of the rug through it. A big, modern design hanging lamp with a great paper or natural texture shade in a globe shape would be fun. Have a great time with it!

That wall is screaming out for a great wall paper. Something Scandinavian Modern would be terrific. Do it in a bright contrasting color like orange and white or shades of grey. The fireplace will sing! Take one of the colors from the wall paper for the walls.

Great idea! Ikea here they come!

One word, BEIGE!

Beige is overdone!

Beige is a nice timeless color. IT Would go great with the red color if the sofa and the blue fireplace. I agree with lessismore . Love the picture that lessismore sent in. Good luck!

OK--YOU HAVE LOTS OF IDEAS BUT WHAT ARE YOUR TASTES?
If the room gets lots of light you can go deeper on the walls to keep it warm, or on one accent wall. The rug on the floor as a first is a great suggestion as the colors must match the rug. Pull the blue from the stove IF YOU LIKE BLUES as accent colors in the room-pillows, a chair, ect. If the kitchen is buttery and the stove wall adjoins it--then go with a deeper, richer shade of same on that wall. You can vary the shades thru the room for accent. For example, if one wall gets full East sun, a yellow will hurt the eyes. Deepen the shade to a rich earthy gold that is in the same hue as the kitchen pallette but a deeper shade with an earthy spice. Don't go against your own style or tastes. If $ is an issue, surf Craigslist for a deal on a cool coffeetable or even a topper over it--like a piece of leftover granite from a remodel. (check 'materials on CL)

HAVE FUN!
aloha

I'm sort of surprised that there is not a fire protection section behind the wood stove.....most places have codes about this sort of safety - the floor, also. This is a boring suggestion! But important. It's a beautiful stove.

Thank you Anita Joyce - sometimes a picture is worth a thousand words. That said ... this was just a starting point for some color harmonies that I've seen work and leaves a lot of room for variations in shadings. Stara makes a really good point, we can only guess at modern vs. antique vs.? Let alone a love of Danish modern (which, IMO, that stove really yearns for in some ways).
I also love the idea of a glass coffee table with a great rug.

elisesarge2 - Beige overdone? What color is beige? You know that one woman's butter is another woman's beige :-) Seriously, the subtleties in paint colors these days, the myriad undertones, nothing is as simple as beige or even white, which comes in about 12,000 shades too it seems -
Maybe a nice "beige" but with undertones of blue or orange? What on earth would you call that "Tabby Cat Coral" or maybe "Mud Larks Song?" (My dream job would be to name paint colors ;-) Go lighter, darker, warmer/cooler - just don't go gray in here - LOL

gerrycabc: We are in the process of putting some protection against the wall. We are in a rural community and this house has been for sale for a looong time. I think they thought they'd increase the house's selling potential by painting it a neutral colour and then they never put the fireplace backsplash (not sure what you call it) back on.

Stara: As for tastes, I like rustic coastal sort of looks, so I have no issues with blues and greens and browns. The couch definitely throws a curveball, but I will take everyone's suggestions to heart.

Have a slipcover made or purchase one that is loose and you can pin and fit it.

It's for sale? So--easy fixes: slipcover is EASY as pie. You can buy a nice neutral warm beige fabric and pin it inside out then flip it. If you sew, sew. If not you can even buy an off the rack slipcover and pin or staple it to fit--as suggested above.

Window treatments: Ross's curtains--sheers. Get rid of the straight rod white things or pull them aside and put sheers underneath to diffuse light and soften the room. I'd raise them too as you totally lose the arched windows with a black rod across them!

And, it's for sale--people will want their own colors so I would NOT do anything fancy, and DO paint the deeper warm beige with a hint of yellow to flow the rooms together and leave it at that. The reddish couch would be ok if you paint the walls a warm beige w hint of yellow. Get rid of the coffeetable and get a Craigslist inexpensive one and a Ross's rug in a bright color splash. A few Ross's colorful pillows and a few blue things to accent the stove and you are set. hopefully the back piece for fire protection isn't too garish.

I agree with lessismore that the stove is YEARNING for some Danish/Scandinavian style. Whether it be rustic or modern is up to you, but I don't think it's much of a stretch from that to 'rustic coastal' which you mentioned you like. I liked the earlier suggestion of an Antique White.
The couch and fabulous stove are strong hits of colour, and I personally would shy away from adding more big pops of colour and instead try and tone it down a bit, so that it doesn't become too busy or childish.

Here's one photo from a quick search. Not that this resembles your room at all, but I thought it looked kind of coastal/scandinavian.

[houzz=]

How about a nice Hawthorne Yellow by Ben Moore. Yellow is a happy color and this yellow is just right. It will also go well with your Butter color in the kitchen. Also, you may want to tile behind the stove on the wall for fire safety, making this stove a focal point. I agree you should find a rug you like that has the color of the wood stove and couch in it including a yellow. If necessary, slipcover the couch. For that matter you could have the stove reglazed in a color you prefer. Good luck with this and let us see the final result.

Sorry everyone, what I meant to say is it was for sale for a long time BEFORE I bought it. It is officially mine!

Since the house is officially yours then I stand by my original answer which is wall paper with a large graphic design on the wall behind the fireplace. Take the background as paint color for the other walls in the living room, take your accent color to the walls of the kitchen.
Arrange your furniture in a conversation area around the fireplace. Add some nice pillows to the sofa and maybe some floor pillows and green plants. Do find a large area rug either cream or white with some texture to set the floor plan and make sure it is large enough for the furniture to sit on, not a postage stamp. Hang some local art, or photographs in large scale for a modernist look. Your coffee table looks a bit beaten up, sand it and refinish with a wipe on stain or spray paint in an accent color. When you have enough money, buy new drapes long enough to hang from a rod have way between the highest point of the lovely arched window, use a sheer fabric in a tone on tone woven the color of the walls. I can't tell what color your leather and suede sofa is. If I knew I could be more specific about colors. Please take more photos around the room and of its connection to the kitchen, this will help with specific.

How about something a bonkers like this wallpaper? http://www.wallpaperdirect.co.uk/products/scion/strata/87868

I think you're overlooking your wonderful window. Move the couch away from the window and paint the interior arch a contrasting color - perhaps the blue of your stove? And, if deep enough, turn it into a window seat, with cushion picking up the color of your couch and rug. Good luck!

Sounds like you love the butter - it will look great with the stove and you can probably slip cover that sofa - looks do-able!