$1,650,000

Spacious Reykjavik Villa With Separate Apartment And Private Landscaped Garden

  • 5 Beds
  • 3 Baths
  • 3,316 Sqft
  • 7,837 Sqft lot

About the Property

Set within a quiet residential neighbourhood of Reykjavik, Skagasel 5 is a substantial two-level villa offering a rare combination of space, privacy and flexibility within Iceland’s capital. The property has a registered area of 308.2 sqm, complemented by a heated conservatory of more than 20 sqm outside the official floor area. Across the residence are five bedrooms and three bathrooms, together
Set within a quiet residential neighbourhood of Reykjavik, Skagasel 5 is a substantial two-level villa offering a rare combination of space, privacy and flexibility within Iceland’s capital. The property has a registered area of 308.2 sqm, complemented by a heated conservatory of more than 20 sqm outside the official floor area. Across the residence are five bedrooms and three bathrooms, together with an integrated garage and a separate one-bedroom apartment with its own private entrance.

At the heart of the home, the living and dining areas unfold beneath elevated, vaulted ceilings. Generous windows, warm timber flooring and a striking stone-clad fireplace create an atmosphere that is both open and inviting. The rooms connect naturally, providing generous space for everyday family life as well as entertaining. The adjoining kitchen features extensive cabinetry, pantry storage and broad windows framing the surrounding greenery.

A heated conservatory extends the living space throughout the seasons. A wood-burning stove adds warmth and atmosphere, while direct access leads to a large south-facing terrace and the garden below. Mature trees and planting, a pond, timber decks and several sheltered seating areas create a remarkably private outdoor environment — an urban retreat with a character all its own.

The main residence provides four bedrooms, including a particularly spacious lower-level bedroom with an adjoining dressing area. The home also includes a family bathroom, guest cloakroom, dedicated laundry room, extensive storage and an integrated garage.

A separate, self-contained one-bedroom apartment is located on the lower level and has its own private entrance. This additional accommodation offers valuable flexibility and may be used for multigenerational living, private guests, staff accommodation or as a long-term rental asset.

Set on a 728 sqm plot, the property also includes two garden sheds and additional cold storage. Skagasel 5 offers a combination rarely available within Reykjavik: a spacious detached villa, mature private grounds and flexible secondary accommodation, all within easy reach of the capital’s services and surrounding outdoor landscape.

Private viewings are available by appointment.
  • Property type

    Villa

  • Floors

    2

  • Year built

    1980

  • Price/sqft

    $497

  • Emissions

    A

  • Consumption

    A

Features

Features

Lot

Indoor

Outdoor

Explore the Area

Skagasel 5, 109 Reykjavík, Reykjavíkurborg, 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.
First listed
Aug 17
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