No, only floors 2-5 have any type of balcony, as you might expect, the first floor rooms have patios. The lobby is located on the 2nd floor.
Now, there are a couple of different types of balcony rooms. Some have a full open balcony, others have an awning/building façade overhang, and finally some have a somewhat "enclosed" balcony with an opening just a little wider than the width of the railing / door opening.
My personal recommendation for a standard view BWI room would be the block of standard rooms on the 5th floor, short hallways close to the elevators. Odd numbered: 5279-5311, the first couple of rooms starting at 5279 actually overlook the Village Green and the last room in the block is 5311 (King bed/sleeper sofa with a connecting door to room 5309). The higher number rooms overlook the front drive, the BWV, HS and the Tower of Terror.
The even numbered rooms 5266-5308 overlook a courtyard with local views that are often blocked by trees but offer some good views of the Epcot WS skyline, you can see the Eifel tower and high fireworks from some rooms (5268-5276).
Notes: Check the Online "Check-in" options as they have recently changed again, if you are comfortable with the online choices then go ahead and make your requests. I would suggest that you consider calling CRO at (407) 939-1936, 800 16 90 730 (UK), 1800 812 676 (IE).
Dave