Not too far from the gates of the Walt Disney World Resort, where families are promised “enchanted escapes” and “fun” and “magic” and where day tickets start at a cool $99 a person, is a discount motel off a busy street called The Magic Castle.

It’s painted in garish shades of lavender and amethyst right down to the street curbs. The ice machine is broken. The washer and dryer often are too. It costs $38 a night. And it is home for a young mother, Halley, and her 6-year-old daughter, Moonee, in director Sean Baker’s “The Florida Project,” a transcendently beautiful, funny, heartwarming (and heart wrenching) tale of childhood, poverty and the broken American dream.

This is Kissimmee, Fla., less than 10 miles away from that fairy tale promise of Disney. It might as well be on another planet.

Not that Moonee notices. Played by the wonderfully great newcomer Brooklynn Prince, Moonee exists is in a world of her own: A charmed childhood dreamscape of freedom and friends and devilish fun and colorful buildings shaped like oranges and soft serve cones.

Moonee is not an angel — quite the opposite. She’s kind of a terror, which Baker never conceals or glosses over or exploits for mawkish story tricks.

Young childhood is so hard to get right in the movies. But Baker and his co-writer Chris Bergoch get it so very right with Moonee and her friends. .

As far as Moonee is concerned, things are good at The Magic Castle. She doesn’t know that she lives on the brink of poverty, or that her mother, played by another terrific newcomer in Bria Vinaite, might not be looking out for her best interests all the time. She knows that her mom is fun and loves her and that she is safe enough to not question her own safety.

It helps that the kind and empathetic motel manager Bobby (Willem Dafoe) picks up the supervision slack and keeps an eye on Moonee and her friends.

And Dafoe’s warm and generous performance is simply astonishing.

Coming off of the vibrant “Tangerine,” Baker has outdone himself with the all-out triumph that is “The Florida Project” which will have your emotions running the gamut and you running back to the ticket counter for one more viewing.

That it also might make you think about those who live near the poverty line, the children they have and the lives they lead and the consequences and ever present fear of one missed payment. Being poor is neither as dour or romantic as the movies generally might have you believe.

Thank goodness, then, for “The Florida Project,” a candy-colored fairy tale on the wrong side of the tracks that knows that even though the Disney fences are high and the prices steep, the end of night firework show is for anyone who takes a moment to look up at the sky.