My most magical view is, without a doubt, from the Contemporary Tower, Magic Kingdom view.
My friend Kim and I went to the 1st Disneyana Convention in 1992 and were lucky enough to get a room on that side of the Contemporary. At night, the "push-up pop" trees are lit with white lights, and the Magic Kingdom is laid before you like a diamond necklace
In the early morning, you can hear the "toot-toot" of the riverboat, and better yet, the howling from the Haunted Mansion. Talk about being inside the magic!!
Also, in the early morning one can see the beauty of the land in front of you: Polynesian, Grand Floridian and Seven Seas Lagoon sparkling in the early morning sun. We even saw a few hot air balloons rising up to meet the day.
I have stayed in wonderful rooms with great views (BWV-Epcot view; YC-Epcot, Boardwalk view; Poly-Castle view) but that lackluster hotel Contemporary simply has the BEST location for feeling like you are "living" inside the park.
All the best, Wilma