I don't mind it but I'm not seeing pink. The wall color is perfect. I would remove the greenery and candles around the entertainment center.

The entertainment center is already eating square footage, and much more than drywall, crown and baseboard will take up. You hate it, so get rid of it!

It goes well with what you have there. It also adds a some personality to the room. If you drywall it over and paint it, you do away with that. Then you'll be back on here asking how to decorate the wall so that it doesn't look so plain.

I can’t unsee it now!! I’d remove it or cover with drywall and continue the crown molding. Curious, would you update your entertainment centre if the stone goes away?

There is a technique call German smear that might work well for your stone wall. Instead of whitewashing you actually use wet mortar and apply to the surface. Below is a before and after photo.

IMO it needs to be removed that style of stone does not work with your sstyle at all and please ditch the giant entertainment center they are no longer needed or wanted and rearrange the furniture so that you don’t have a chair sitting in the middle of the room blocking a sofa. If you want to you could I think just glue drywall to the wall it is hard to see if this is flat or textured but either way it needs to go it just does not work in the house

I would remove it. The style just seems wrong, and the stone competes with the dining room walls - and why a stone wall if there is no fireplace there? Your room would look great if you sheetrocked that wall and finished the crown molding.

I would get rid of it. If it’s a veneer it’s a weekend project. Alternatively, if you don’t want the mess, you could Sheetrock or do another wall treatment on top of it.

you could see if it could be stained. but it's your house! remove it if you'd like the space better.

Sorry, but I find the wall unit a bit more of an eyesore than the stone. It looks like you have a lovely traditional home, if this was my house I would try to work with it. I would remove the wall unit and install a wall-to-wall, built-in cabinet across the bottom of the wall, in front of the stone. Then add built-in, to the ceiling, book shelves on either side of the tv. If the stone really really bugs you, you can back the bookshelves with a surface to cover the stone. Then the stone would just show behind the tv. I’d have white cabinetry & shelving to match the wainscot in your dining room. I see you don’t have a lot of depth because of the dining room doorway but this built-in doesn’t have to be very deep since tv’s these days are shallow. I think making this wall into a built-in feature will distract from the stone. Style your shelves with a lot of beige and charcoal decor pieces to go with the stone. If you pair the stone with these colours it will read less pink.