No, you cannot walk directly from the "Preferred Parking" lot to the entrance of Magic Kingdom. Unlike the other three Disney World parks, the Magic Kingdom parking lot is located at the Transportation and Ticket Center (TTC), which is separated from the park by the Seven Seas Lagoon. Even if you pay the premium (roughly $45–$50 in 2026) for Preferred Parking, you are simply parked closer to the TTC entrance. From there, you must still take either the Monorail or the Ferryboat to reach the actual park gates. The only people who can "walk" to the Magic Kingdom entrance in 2026 are those staying at the Disney's Contemporary Resort, Disney's Grand Floridian Resort, or Disney's Polynesian Village Resort, which are connected by dedicated pedestrian paths. For those in the parking lot, "Preferred" simply saves you a 5-to-10-minute walk or a tram ride within the massive parking lot itself.