When I sit on my balcony I am eye level with the monorail line going into the Contemporary:
This is how close we are to the walkway bridge from Bay Lake Tower to the Contemporary:
Took the photos with my camera phone so they aren't the best quality; hope to get some great shots later in the week.
Overall, the location is okay. I have a great view BUT I think next time I will ask for a lagoon view and then request a room where not only is the lagoon visible but the castle as well. I've heard reports of people being able to see both and the DVC points for a lagoon view are less!
So far, not bad and all the comforts of home are a plus!