Energetics, structural features, polarity, and melting transitions in water clusters containing up to eight molecules were studied using ab initio methods and empirical force field models. Our quantum approach was based on density functional theory performed at the generalized gradient approximation level. For the specific case of (H2O)(6), we selected five conformers of similar energy with different geometries and dipolar moments. For these cases, the cyclic arrangement was found to be the only nonpolar aggregate. For (H2O)(8), the most stable structures corresponded to nonpolar, cubic-like, D-2d and S-4 conformers. Higher energy aggregates exhibit a large spectrum in their polarities. The static polarizability was found to be proportional to the size of the aggregates and presents a weak dependence with the number of hydrogen bonds. In order to examine the influence of thermal fluctuations on the aggregates, we have performed a series of classical molecular dynamics experiments from low temperature up to the melting transition using two different effective pseudopotentials: the TIP4P and MCY models. Minimum energy structures for both classical potentials were found to reproduce reasonably well the results obtained using ab initio methods. Isomerization and phase transitions were monitored by following changes in dipole moments, number of hydrogen bonds and Lindemann's parameter. For (H2O)(6) and (H2O)(8), the melting transitions were found at T-m approximate to 50 and 160 K, respectively; for both aggregates, we observed premelting transitions between well differentiated conformers as well.