The invention discloses quick-dry solvent-free anti-sagging polyurethane water-proof paint. Raw materials of the quick-dry solvent-free anti-sagging polyurethane water-proof paint include polyurethaneprepolymer, a plasticizer, a dispersion agent, filler, a dehydrating agent, a catalyst, a defoaming agent and an oxazolidine reactive diluent, wherein the catalyst is prepared from pentamethyldipropylenetriamine, tetramethylethylenediamine and 1,8-diazabicyclo(5.4.0)undec-7-ene; raw materials of the polyurethane prepolymer include polyether diol, polyether triol, isocyanate and a chain extender,and the polyurethane prepolymer is prepared from a method which comprises the following steps that 1, the raw materials of the polyurethane prepolymer are weighed, and the polyether diol and the isocyanate are subjected to reaction until the reaction is completed; 2, then the polyether triol is added for reaction until the reaction is completed; 3, then the chain extender is added for reaction toprepare the polyurethane prepolymer. A preparation method of the water-proof paint comprises the following steps that 1, the polyurethane prepolymer. Is prepared; 2, the prepared polyurethane prepolymer and the residual raw materials of the water-proof paint are mixed to obtain the water-proof paint. The quick-dry solvent-free anti-sagging polyurethane water-proof paint has the advantages of excellent film-forming speed, anti-sagging performance, low viscosity and the like at the same time.