Exclusive Investment: Iceland’s Only Pre Approved Geothermal Lagoon Project And Water Rights

Offered at USD 3,300,000, Riftún represents a once-in-a-lifetime opportunity to acquire one of Iceland’s most uniquely positioned properties. This expansive 81-hectare/ 200 acres estate comes with full zoning approval already in place.

Multiple scientific studies support abundant geothermal and freshwater resources, making Riftún primed for immediate development.

Only 25 minutes from the capital area and just an hour from the international airport, Riftún is the only property in Iceland currently for sale with existing approval to build a geothermal lagoon, along with geothermal capacity to support it. Investors can move forward without delay, with zoning allowing for up to 2,500 sqm/26,910 sq ft of lagoon facilities, 17,000 sqm/183,000 sq ft of greenhouses, and a full spectrum of hospitality and leisure operations.

The estate’s extraordinary natural resources, including documented geothermal reserves at 800–1,200 meters/2,600–4,000 feet and vast cold-water springs, provide a foundation for multiple high-value ventures. Whether developed as a world-class wellness and lagoon destination, a sustainable greenhouse hub, or a premium bottled-water brand, Riftún offers unmatched potential for sustainable growth and global visibility.

Highlights:
- Total area: 81.1 hectares (three parcels, both north and south of Þorlákshafnarvegur)
- Approved masterplan (deiliskipulag) for mixed-use:
- Residential plots and farm estates north of the road
- Commercial and tourism development south of the road
- Lagoon Development: Permission for up to 2,500 sqm lagoon and spa facilities with hot pools and bathing areas
- Greenhouses: Up to 17,000 sqm permitted for agricultural or commercial use
- Tourism & Leisure: Allocated 9,500 sqm for tourist activities (e.g., horse rentals, visitor facilities)
- Freshwater resources: Some of Iceland’s most abundant cold-water springs (100+ liters per second), suitable for bottling/export
- Geothermal resources: Proven by ISOR research as extensive, high-yield, and reliable

The estate combines natural beauty and profitability, framed by dramatic lava cliffs and scenic landscapes, while only a short drive from Reykjavik and the international airport. Few opportunities exist worldwide where zoning, resources, and permits align so clearly for an international-scale project.

Riftún is uniquely positioned as a flagship destination development in Iceland’s booming wellness and experiential tourism sector. With approvals secured and resources in place, this is a turnkey opportunity for investors to establish the next iconic geothermal lagoon — a profitable venture with global appeal.