The short answer is no. The slightly longer answer is haha, no. You’ll never find a drop-in replacement that is “MS Office but good”, but there are alternatives.
If you don’t need absolute feature parity and can learn to use a different UI, use LibreOffice. This is probably the best FOSS office suite.
If you need collaboration and cloud storage features, and/or want a more Microsofty ribbon-based UI, use OnlyOffice.
If you need to just write a structured document without much visual flair, learn Markdown and use something like Obsidian or QOwnNotes; or use Emacs with org-mode if you want a challenge.