Honduras is definitely a country on the upswing with its tourism industry, featuring excellent weather most of the year in addition to extremely reasonable prices for everything. The islands just off the coast of Honduras even contain 3 eco-resorts that have overwater bungalows, though they aren't a proper substitute for the honeymoon-style resorts in Bora Bora of the Maldives.
If you are looking for a deluxe 4-star or above room with air conditioning and an entertainment center then you won't find such a thing anywhere but French Polynesia or the Maldives, but those who are looking for an active vacation and affordable all-inclusive rates will find a few very good choices here.
There are about 10 overwater bungalow resorts in the Caribbean, including these three off Honduras. If the resorts listed below are at least close to what you are looking for then it's also worth checking out the three overwater bungalow resorts in Panama, which are just as easy to reach, and might actually be closer to your style.