It's a nice space. I think you have enough going on visually and accent walls aren't necessary. You have three different wood tones, railings, raised dining area, dramatic fireplace, balconies and beams.

The wood trim and white walls are a perfect backdrop to let your decor shine. I would concentrate on rugs, window treatments, lamps, furniture and art.

I would go with white. Accent walls look dated, and you would tired of it very fast.

Agree White.

I like your mock up with the teal walls in the stair area. That would be easy to repaint if you tire of it. I suggest deciding on a wonderful rug before you paint--then choose the accent color from the rug. If you want a neutral rug, then I like your teal. deegw is correct that there is a lot going on but I think it will work. Good luck.

Paint is the last item selected in a decorating plan because it must work the the fabrics and textiles you're installing. Waiting for the furniture is a mistake, as the "set in stone" upholstery, rugs, etc will inform what to do with the walls. While it is tempting to paint before moving in, unless you're going with white, it isn't the best option. Your architecturally interesting home is not in need of any kind of accent unless you wanted to paint all that wood surrounding the fireplace.

Cool house! Oodles of potential! But you've got a lot going on here with the openness and adding a feature wall colour will not be doing the architecture any favours. I would keep it simple and go with one colour throughout. I would go with a white for the walls and the currently painted trimwork. Let the wood accents be the star of your house. That being said, there are 2 things that bother me in the photos. First, the dining room, why does it have a railing? Looks like a weird adult playpen. I would remove that railing and build wall-to-wall steps on each side of the dining room that go down to the lower levels and that would make your space more open and accessible. The other thing that bothers me is the very traditional furniture and lighting. I couldn't tell by your description if the furniture is yours or the previous owners. I would definitely replace all the lighting with something in a more contemporary style. Your furniture should also be simple lines and more minimal. You have an opportunity to make this a really special house. The architecture is already cool, what you do with it could make it awesomely cool!!

The color of the floor what should influence your scheme.

Do not paint an accent wall.

Do paint all other wood trim white…railings, interior doors, any wood trim which is not the color of thefloor.

Fireplace surround, definitely get rid of it. What could you do with those shelves? How could you clean them? I would sheet rock over the entirety.

Wall color?

B.M. Pebble Beach

Rove Concepts sofa

Joss & Main