The most common and most likely answer to this crossword clue is the 5 letter word OASIS
I've seen this crossword clue in The Times
O
A
S
I
S
More clues leading to the result OASIS
- Nothing the same in spring?
- No time for toast — it's water you may find here
- Watering hole regularly serving locals first
- Fertile spot originally on a small island
- Originally on African soil it supplies refuge
- Fertile spot in desert, nothing like island
- Where peace may be found, love the same way
- Nothing unaltered in desert haven
- Rock band a welcome find in desert
- Buried in Truro, a sister’s fertile patch
Buddy explains!

The straight part
We know that "water you may find here" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case water you may find here = oasis.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does OASIS mean?
OASIS noun- A spring of fresh water, surrounded by a fertile region of vegetation, in a desert.
- A quiet, peaceful place or situation separated from surrounding noise or bustle.