I don't know anything about Sabal Palms either--although I do recognize the name. I'm not sure exactly where 'feralpeg' lives, but from my daughter's (technically our) townhome on Reams Road we, too, can watch Wishes every night from our back yard. Admittedly we can't hear the music but we can see the majority of the show. As Feralpeg says, after a while you don't dash out to the backyard each evening to watch the fireworks--but just knowing you can if you want to is exciting! We can also hear the train whistle from the MK. Personally, I LOVE to hear that whistle--don't know why but it's magical to me.
I agree, I don't think there are too many apartments in the area--although there is that one apartment development directly behind the CM parking lot (can't remember the name). There are townhomes for rent tho--I know several of my daughters CM friends rent townhomes in her development.
Wish I could tell you about the schools. I haven't dealt with that issue.