Begin by whisking the softened butter in a small bowl until it reaches a creamy, sour cream-like consistency. In the bowl of a stand mixer fitted with a dough hook, combine the flour, water, and salt. Mix on low speed, scraping down the sides of the bowl as needed, until the dough forms and feels tacky to the touch.
Transfer the dough onto a generously floured surface and shape it into a 1-inch-thick rectangle. Roll it out using a floured rolling pin into a 10-inch-long rectangle, approximately ½ inch thick. Cover the dough loosely with plastic wrap and allow it to rest for 15 minutes.
Uncover the dough and roll it out into a large 15-inch square, dusting with more flour as needed to prevent sticking. Spread one-third of the creamed butter evenly over the bottom half of the dough, leaving a 1-inch border along the edge. Fold the top half over the buttered bottom, press the edges to seal, and gently pat with the rolling pin to flatten.
Roll the folded dough out again into a 15-inch square. Apply half of the remaining butter over the bottom half, again leaving a 1-inch border. Fold the top over, seal, pat, and rotate the dough so the seam faces you. Roll it once more into a final 18-inch square.
Spread the rest of the butter evenly across the entire surface of the dough, excluding a 1-inch margin along the edges. Starting from the edge nearest you, roll the dough tightly into a log. Wrap in plastic and refrigerate for at least 2 hours, preferably overnight, until very firm.