$990,000

Icelandic Lakeside Villa Near Reykjavik With Sauna, Hot Tub And Mountain Views

  • 4 Beds
  • 3 Baths
  • 1,292 Sqft
  • 11,841 Sqft lot
  • Updated: April 29
  • 1,779
    Views for last 30 days
  • 133

About the Property

Framed by water, mountains and the ever-changing Icelandic light, this fully finished all-season retreat at Flekkudalsvegur 12 offers a rare blend of architecture, privacy and atmosphere. The home presents five rooms, including four bedrooms and three bathrooms, along with separate guest accommodation that adds flexibility for hosting, extended stays or income-oriented ownership.

Inside,
Framed by water, mountains and the ever-changing Icelandic light, this fully finished all-season retreat at Flekkudalsvegur 12 offers a rare blend of architecture, privacy and atmosphere. The home presents five rooms, including four bedrooms and three bathrooms, along with separate guest accommodation that adds flexibility for hosting, extended stays or income-oriented ownership.

Inside, the design is both dramatic and warmly understated. Expansive glazing draws the landscape into the living spaces, while the main open-plan reception area unfolds beneath striking ceiling lines with rich timber finishes and integrated ambient lighting. The kitchen has a sculptural, contemporary presence, anchored by a statement island in stone and dark cabinetry that gives the interior a refined Nordic character. The overall mood is elegant, tactile and quietly luxurious.

Outdoor living is central to the experience. A generous terrace creates a seamless extension of the home, designed for long summer evenings and crisp winter escapes alike. The hot tub brings a resort-like feel to the deck, while the barrel sauna is a true signature feature, positioned to capture serene views over the water and transform everyday living into a private spa experience.

What sets this property apart is the way it combines a strong architectural identity with a deeply immersive natural setting. It feels equally suited as a design-led private retreat, an exceptional second home, or a high-end hospitality asset, with the current listing also highlighting strong rental-income potential. This is an Icelandic property with real emotional pull, visually striking, beautifully finished and unforgettable in its setting.
  • Property type

    Villa

  • Floors

    1

  • Year built

    2024

  • Price/sqft

    $766

  • Emissions

    A

  • Consumption

    A

Explore the Area

Flekkudalur 12, 276, Kjósarhreppur, Iceland View on Google Maps
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Omar Hjaltason Omar Hjaltason background

Omar Hjaltason

Joined 4 years ago
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Omar Hjaltason
Iceland
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Omar Hjaltason Omar Hjaltason background
2
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2026
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Palsson Real Estate
Palsson Real Estate
Engjateigur 3, 105, Reykjavik, Iceland
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Pálsson Real Estate is a market leader in Iceland, with extensive experience and a trusted network across the count
Pálsson Real Estate is a market leader in Iceland, with extensive experience and a trusted network across the country. We have successfully assisted numerous international investors and buyers in finding and acquiring residential, commercial and investment properties in Iceland. Our experienced team provides professional, personal guidance throughout the entire purchasing process.
Last updated
April 29
First listed
Apr 29
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