Where is the best place (location wise) to be on Disney Magic for the Sailing Away Party and the Pirate Party? It will be me, my husband and our 5 year old daughter.
To answer your question, it just depends on how involved you want to be in the parties IMO. Seeing as though you have a 5 year old she'd probably like to be in the middle of everything so try to go about 20 minutes early to the deck parties to get a good spot up close to the stage. She'll be closer to the characters and get to dance along with them!
If you're not into being up close and want a quieter scene, just go to deck 11. You'll still get a good view but it's less crowded (and loud). The fireworks can be seen almost anywhere on deck so you could go aft or forward to get a good view of those too with less people.
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