I'll assume the system will be going on the 20 foot wall. An omnidirectional point source speaker will make a room like that sound like a giant cavern without very significant room treatment. The end result will be that the speaker will get lost in the echos. Keeping the listening position as close in as you can will help. The ultimate speaker for a room like that would be the SoundLabs 945. Unfortunately it will not make it up to a 12 foot ceiling so it will stop behaving as a line source at about 110 Hz. Ideally you would cross over to a subwoofer array there. This all goes way outside your budget but the point is that a line source dipole will project better into a larger room and limit reflections off the floor, ceiling and side walls. This will give you less echo and a better sense of the the stage and image in front of you and it would give you a little more leeway in regards to the listening position.
The Magnepan 20.7 is in your price range and is a dipole line source down to 150 Hz. It will play the type of music you like effortlessly and if you felt you needed more bass subwoofers could be a future option. They will not play as loud a horns or a large point source so if you were a Metallica fan I would have a hard time recommending them in that room. Otherwise they will sound much more realistic, project better into the room and suffer less from room anomalies than other types of loudspeakers. The next step up is the 30.7 if you happen to find some cash hidden in the Mattress.
The Magnepan 20.7 is in your price range and is a dipole line source down to 150 Hz. It will play the type of music you like effortlessly and if you felt you needed more bass subwoofers could be a future option. They will not play as loud a horns or a large point source so if you were a Metallica fan I would have a hard time recommending them in that room. Otherwise they will sound much more realistic, project better into the room and suffer less from room anomalies than other types of loudspeakers. The next step up is the 30.7 if you happen to find some cash hidden in the Mattress.