Serving as one of the world's most popular and famous tropical islands, a vacation on the island of Bali brings in most of the tourists that power Indonesia's tourism. When looking into vacationing here, you may become a bit confused on whether or not there are any overwater bungalows on-site. This is because there is a resort, Club Bali Hai, that claims to have invented the first overwater bungalows.
What you'll find however, is that resort is on the island of Moorea, just off Tahiti, in the South Pacific, thousands of kilometers from Indonesia. So even though the resort's name features the word Bali, the resort is not actually located on the island of Bali. Due to very active tides, Bali isn't the right kind of island for rooms on stilts, so it's unlikely that they'll be coming anytime soon. Bali does however, offer a large selection of 5-star beach resorts, but it doesn't have any shallow lagoons. This means that even if Bali did have water villas off the shore, they'd be above the noisy waves going in and out.
The good news is that there is an amazing assortment of water villas near Bali. Aside from a few overwater bungalow resorts in the Caribbean, most of the world's water villas are in the tropics between the South Pacific, and the Maldives, which is just southwest of India.