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That system looks fairly good, only thing i could comment on is the lack of storage space. a 256GB M.2 drive unfortunatley is not really enough, considering some AAA games these days can be 70+GB. Maybe look at getting a 1TB HDD to go with the M.2 drive for storage of games/other things
 
Good looking stuff, I think you really oughtta get more storage in there game wise. AAA Games are taking up more and more space, a 1 TB 7200 RPM hard drive can run you $50-70 and will be good enough. SSD's are faster but not required.

Get a 650W PSU, 850 is unnecessarily high UNLESS you are going to SLI in the future.

I'd personally slim down the case budget but that's me. Or at that level I'd go slightly higher for a phanteks enthoo evolv, I like those. That's a personal thing.
 
Sorry forgot to add I already have a 1tb hd for it. Im not sure about the water cool side cause it could leak. I went with that case to make sure it was big enough with extra room cause cpu cooler is so big. I'll downgrade power to 650W thats a great idea. I was going to go with the corsair h115i for cpu cooler but i just can't get over the fact water and electricity in the same box. Thank you guys all the help is needed.
 
With that kind of budget, i would be rather tempted to go with a 1080. This ASUS board has a load of conenctivity options and features including wifi and bluetooth... https://us.hardware.info/comparisontable/products/377817-379949

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i7-7700K 4.2GHz Quad-Core Processor ($338.89 @ OutletPC)
CPU Cooler: CRYORIG H7 49.0 CFM CPU Cooler ($34.88 @ OutletPC)
Motherboard: Asus STRIX Z270-E GAMING ATX LGA1151 Motherboard ($189.99 @ SuperBiiz)
Memory: G.Skill Ripjaws V Series 16GB (2 x 8GB) DDR4-3200 Memory ($119.89 @ OutletPC)
Storage: Samsung 960 Evo 250GB M.2-2280 Solid State Drive ($129.99 @ B&H)
Video Card: EVGA GeForce GTX 1080 8GB Superclocked Gaming ACX 3.0 Video Card ($559.99 @ Newegg)
Case: NZXT S340 (Black) ATX Mid Tower Case ($64.99 @ B&H)
Power Supply: SeaSonic S12II 620W 80+ Bronze Certified ATX Power Supply ($47.89 @ Newegg)
Total: $1486.51
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-02-19 21:47 EST-0500