The demand for nearshore wave observations is increasing due to spatial gaps and the importance of observations for accurate models and better understanding of inundation processes. Here, we show how water level (WL) standard deviation (sigma, σ) measurements at three acoustic NOAA tide gauges that utilize an Aquatrak sensor (Duck, NC, Bob Hall Pier (BHP) in Corpus Christi, TX, and Lake Worth, FL) can be used as a proxy for significant wave height (Hm0). Sigma derived Hm0 is calibrated to best fit nearby wave observations and error is quantified through RMSE, normalized RMSE (NRMSE), bias, and a scatter index. At Duck and Lake Worth, a quadratic fit of sigma to nearby wave observations results in a R2 of 0.97 and 0.83, RMSE of 0.11 m and 0.11 m, and NRMSE of 0.09 and 0.22, respectively. A linear fit between BHP sigma and Hm0 is best resulting in R2 0.62, RMSE of 0.22, and NRMSE of 0.26. Regression fits deviate across NOAA stations and from the classic relationship of Hm0 = 4σ, indicating Hm0 cannot be accurately estimated with this approach at these Aquatrak sites. The dynamic water level (DWL = still WL ± 2σ) is calculated over the historic time series showing climatological and seasonal trends in the stations’ daily maximums. The historical DWL and sigma wave proxy could be calculated for many NOAA tide gauges dating back to 1996. These historical wave observations can be used to fill observational spatial gaps, validate models, and improve understanding of wave climates.