Note: If you are having trouble finding the Magic Sleigh, click the eyeball button (right side of game display) and look for the flashing blue, yellow or red letter bag.  If you have placed the sleigh on your island, you should be able to find it in this view.  It's color changes based on the level to which it was loaded (Level 1 = Blue, Level 2 = Yellow, Level 3 = Red).