Was something that I came across, and I heard someone else had the issue as well. I figure I write a report up on it, in case this helps someone else too!
So, if your Anti-Aliasing is set to anything but "Off", it will produce a wireframe like effect on the water. To fix it, just keep your Anti-Aliasing off. All your other settings should be fine however!
Below I included an image of a fellow user who was experiencing the issue, for reference. I redacted some information that may be deemed sensitive, as to keep his identity private. I hope this guide helps folks having the issue!