The supercooling and nucleation of acoustically levitated water drops were investigated at two different sound pressure levels (SPL). These water drops were supercooled by 13to16K at the low SPL of 160.6dB, whereas their supercoolings varied from 5to11K at the high SPL of 164.4dB. The maximum supercooling obtained in the experiments is 32K. Statistical analyses based on the classical nucleation theory reveal that the occurrence of ice nucleation in water drops is mainly confined to the surface region under acoustic levitation conditions and the enlargement of drop surface area caused by the acoustic radiation pressure reduces water supercoolability remarkably. A comparison of the nucleation rates at the two SPLs indicates that the sound pressure can strengthen the surface-dominated nucleation of water drops. The acoustic stream around levitated water drops and the cavitation effect associated with ultrasonic field are the main factors that induce surface-dominated nucleation.