In this study, physical experiments were performed in a two-dimensional wave flume to investigate the hydraulic and structural performance of a SFT model. The experiments were made by generating regular waves of different heights and periods under various conditions of buoyancy to weight ratio (BWR) and water depth as well. Through the analysis of the experimental data, it was clarified that the sway and heave motions of the tunnel body linearly increased with wave height and period. In contrast, the roll motion was rather insignificant unless wave height and period were comparatively large as the design wave. Similarly proportional relationship with respect to wave height and period was obtained in case of the maximum tensile force acting on the tension legs and the wave loads on the tunnel body. Regarding the change of water depth or BWR conditions, generally decreasing trend was obtained according to increase of water depth but decrease of BWR for both of the magnitudes of structural behaviors or wave loadings on the SFT structure.