With 115 total islands in a beautiful tropical setting it's no surprise that many people wonder if there are any water villas or overwater bungalows on the Seychelles. Unfortunately, there are none as of now, and there aren't any plans put into place at the moment to build any that we are aware of, but the good news is that there are a huge stock of these resorts nearby, mostly in the Maldives.
In fact, around two-thirds of the world's 125 or so overwater resorts are in the Maldives, so there are lots of great choices here compared to anywhere else on the globe. There's also a single water villa resort in Mauritius, which is just to the south, and located a bit closer to South Africa.