Land in the water (4)
I believe the answer is:
isle
This clue is a double definition.
'land' is the first definition.
(isle is a kind of land)
'in the water' is the second definition.
(I've seen this before)
(Other definitions for isle that I've seen before include "Dogs, for example" , "somewhere surrounded by water" , "being impossible without water" , "'There is an ..., a bonny ...' (rugby anthem in the South)" , "Insular place" .)