Starting from the paper by Dias, Dyachenko, and Zakharov (Physics Letters A, 2008) on viscous water waves, we derive a model that describes water waves with viscosity moving in deep water with or without surface tension effects. This equation takes the form of a nonlocal fourth order wave equation and retains the main contributions to the dynamics of the free surface. Then, we prove the well-posedness in Sobolev spaces of such an equation.