There are a few Woods View rooms high up in the North Wing that offer a view of MK and the fireworks. There are also some Courtyard View rooms at the end of the North Wing that offer a view of the lake and the water parade. But I don't think there are any rooms that offer both viewing options.
DD and I just returned from the Wilderness Lodge. We had room 6026 and had a perfect view of the fireworks from our balcony. We were able to see the water parade, but the view wasn't as good as the view of the fireworks.
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