Water, specifically in a hydration shell, is critical for many biological supramolecular aggregations in nature, where water can directly mediate intermolecular association via hydrogen bonding and is regarded as "structured water". Conversely, little has been reported on the biomimetic water-mediated supramolecular assembly with adequately high water content to date, because of the competing thermodynamic processes of water hydration and water as a building block to participate in self-assembly. In this work, we explore water-mediated complexation based on entropy-driven biphasic coacervate formation using highly hydrophilic neutral polymer and inorganic mineral-analogous nanoclusters. For the first time (to the best of our knowledge), nonelectrostatic liquid-liquid separating coacervate formation is demonstrated between polyethylene glycol (PEG) and polyoxometalate (POM) nanoclusters in aqueous solutions of varied PEG and POM concentrations, POM types, and aqueous medium conditions. Comprehensive characterization using fluorescence microscopy, small-angle X-ray scattering, calorimetry, and other techniques has confirmed that the compositions, microstructure, and thermodynamics of PEG-POM complex coacervation are highly similar to entropy-driven complex coacervation between oppositely charged polyelectrolytes in aqueous solution. However, the effect of heavy water on critical POM concentration for the onset of coacervate formation suggests that water, instead of the counter ions as commonly debated for polyelectrolyte complex coacervation, is responsible for PEG-POM coacervate formation. Specifically, structured water works as a hydrogen bond donor for both highly hydrated PEG and POM to directly mediate the PEG-water-POM association, resulting in the release of excess hydrated water for entropy-driven PEG-POM complex coacervation. Therefore, water-mediated complex coacervation could be developed as a general and simple strategy to build biomimetic hybrid nanomaterials with high water content for various applications from energy-related functional nanomaterials to biomedical ramification.