I'm not as concerned about the "freshness" of the concept as I am the logline itself, and this one needs works still. It sounds more like a tagline than an actual logline. Let's break it down:
Protag- King Neptune, I assume.
Antag- Unknown (be specific)
Goal- to get daughter back (favourite daughter? Who has favoured children?)
Inner Conflict- if it's his "favourite", we'd expect him to go after her at any cost; it's his kid. If you make THIS relationship conflicting in some way, like a mean, ungrateful step-child, that would add to the conflict.
Outer Conflict- instead of having the family- and humans- willing to help, you might change it to NO ONE help him, and in fact, impede his chances of saving her. The key is to create a conflict not only in the overall plot, but in each and every scene as well.
Irony- none mentioned yet. Neptune is God of the seas. In order to make "it" ironic, he'll have to be unable to swim, or have to spend a lot of time on land, rendering his powers relatively useless. This could add to a lot of comedy. Imagine the God of the Seas in an office environment at the corporation that runs the fishing trawlers, let's say, and during a dispute, controls the water in a 1000 gallon tank, splashing over the Board of Directors, having fish flop everywhere!
Genre- not clear
Hook- King Neptune in live action walking about current day America (or wherever)? That's pretty original and intriguing, so I definitely think it's worth pursuing.
You must include a scene at the Neptune Society. Maybe he can complain about all of the bodies and cremains being dumped and "buried" in his seas?
Good luck! Hope this was helpful.