Well, I did add mods, including WATER, but I used Wrye Bash installer and then uninstalled back to where the only mods I have are official DLCs and the Unofficial Patches... everything else stripped out and restored to an original copy of the .ini files, and this problem persists. I guess I could try entirely reinstalling from scratch, but I don't want to run into this problem again...
I am using a GeForce GTX 580 with 314.22 drivers... I'm hesitant to upgrade the drivers as the last two times I did it totally destroyed my system to where I ended up reinstalling Windows... I had the same setup last time I played/modded Skyrim several months ago and I don't remember this problem. Actually, I do remember bright lights like Magelight looking like crap and having these solid edges sometimes, and I'd like to solve it altogether, but I don't remember it happening randomly over the surface of water without a Magelight present.
I guess if you or anyone else doesn't have a better idea for me I'll try clean installing and see if it is still there, but I thought Bash install/uninstall was pretty good...
Edit: Whoops, I missed part of your post above, the part about a new save fie... so I guess what happens is that Magelight is the culprit. I was trying to make a "darker" setup with mods and enb, so I was using magelight to test, so I think what happened was I used magelight, and then it got "stuck" like that discoloration forever on that save file. It is replicatable though. On a fresh save, with no mods I went to the same spot (and a few others) over water, and put a mage light, then set another mage light elsewhere... the discolored "square" remains. Just as bad or worse is that the magelight creates these geometric patters instead of falling off in a spherical manner when over water even on the first placement... looks terrible. Is this normal?