Privacy could be obtained with a screen, placement of potted plants, an open bookcase, but I like your idea for a curved track with a curtain as one option for visual privacy. I would rotate the dining table 90 degrees and move it towards the balcony. I would remove those two chairs/tables because the layout of a single chair that far apart from another chair does not work. You may need to move the seating away from the main entrance because it looks like you walk in and you're on top of a loveseat. In such a tight space with so many doors that open in to the main living/dining - my advice is to keep it simple. Scale the furniture properly and have pieces that are multi-functional. Example- an ottoman that can serve as seating. A bench at the dining table to seat 3 on each side. I would also place two smaller loveseats facing each other in front of the fireplace. This will give you an "entry area" (along the back side of the kitchen wall) and help to define the living from dining rooms. Even if you don't have a formal entry, try to create a bit of space to welcome people.

Perhaps a large round table might mean a rug is not at all necessary. It could be a metal tray table, or carved wood like Rebecca Mitchell Interiors illustrates. Ideas also to consider, using multiple tables can be found at http://www.houzz.com/multiple-coffee-tables. I also agree with comments above that some color is needed on the walls. You could then hang round mirrors, or an unusual curved shape like RMI shows above.

11' across x 14' can be a decent conversation zone. You have a nice window without too many privacy issues - good natural light, nice view of tropical foliage. The higher ceilings seem to be one of the things that will help the room feel larger - here's a completely different approach for you to consider . . I would instead make the beam a feature - wrap it in stained wood boards (that match or just a 1/2 tone darker than your entry doors) to make it seem a real beam - the small beam that comes out to meet it might be painted black and some faux black bolt heads and plates applied to get it to feel more rustic industrial / loft - afraid a fake ceiling is going to look cheap. The wood and black above will work with the off white walls. Consider instead of texturally painting the tv wall - let the "canvas" of all the walls stay uniform if you want this to feel large. The back wall is not the best for television anyway, if you want the room to feel large - the wall to the left of the door - (no window there, eh?) is the right place for a large flat screen wall mounted sort of center in the room (that appears to be the non-operable side of the double entry, typically unused) . Do a narrow console table underneath with drawers and lower shelves for the cable box. That can also be your laydown space and the rest of the room starts to live larger. I would run a large sectional in the beam recess area with the short end coming back just to become a lounge under the window (hang a stained board on angle brackets as a custom sofa shelf on the wall in the recessed end to fill it and provide a place for drinks) - the "beam" will make seating feel sort of sheltered there. It will work together . .you have a good long run nearly 8' there. If you want the room to feel big, a long sofa with a turn so many can gather for conversation is the best approach. Split the power for the television into two (easy 1 hour of electrician), patch this wall and hang wall mounted black iron sconces above the sofa back at two locations designed for the length of your sofa. Use a round iron and wood table at the sectional and a pair of great, small scale modern chairs facing the window set on the opposite wall. Consider a large scale modern abstract over the back of the sofa, and a gallery of black and white graphic photos framed in natural wood with black mats around the television on the tv wall. To the left of the window, hang some black iron hooks on a wall mounted wood board. With the wood, white and black iron, select your accent color carefully - neutrals for the main pieces - maybe some saddle leather for the chair pair. Color only in art - play off the green and white outside

Kramerlib, Is it just the window that gives away the privacy. How would sheer curtains or vinyls on the glass panes or reflective glasses work in your case.