Waterford is ok. Winter Park is nicer though. You also might look west in Windermere and Winter Garden. Avoid Pine Hills and Parramore at all costs.
I agree with the first post. The Metrowest area is also ok in certain areas. Just don t go too close to Pine Hills. There s also nice places in Ocoee (near Windermere and Winter Garden) that are very nice and close to a lot of major highways.