Elaine, you made a great choice for a place to stay. A bold, colorful, shiny new resort, Disney's Art of Animation Resort will put you in a magical mood.
You do want to have a great spot to watch the Electric Water Pageant. My favorite viewing area is the Disney's Polynesian Resort's beach. Hop a bus from your resort to the Magic Kingdom and then board the resort monorail to the Poly. If you have car, you may drive to the resort and park for no charge.
The best view ever of this classic water parade is from the
Pirates and Pals Fireworks Voyage. This special cruise has yummy snacks, a Smee and Captain Hook meet and greet, and a boat ride across the Seven Seas Lagoon to see the Magic Kingdom fireworks. On nights the Electric Water Pageant runs, you get an up close, in the boat view of this classic procession on Bay Lake.
Enjoy the night lights on the water!