Like most places in Iceland, Ólafsvík is a small town.
Like most places in Iceland, Ólafsvík is a small town. It's easy to find and within 45 minutes of most destinations on Snæfellsnes Peninsula. There's a striking waterfall and some hiking trails adjacent to the town that are only a few minutes' walk from the house. Everything in Ólafsvík is within a 10 minute walk.
Only a couple hours from Reykjavík, the town is small but has a grocery store and bakery. Dining is very limited (maybe 2-3 options?) but includes a fantastic new restaurant called Matarlist that had only been open a few weeks before we arrived and is not even mentioned in the Lonely Planet 2017 guidebook. Like most dining in Iceland, it's very expensive, but it's the perfect choice if you're looking to treat yourself to one nice meal of excellent food from local ingredients. The restaurant is small and intimate and offers a much better experience than anything you will find in Reykjavík.
This is the perfect location if you want to experience the small town charm of Iceland and avoid the chaos of the most popular tourist attractions. On the peninsula, you can still find hot springs, glacier tours, horseback riding, bird watching, waterfalls, lighthouses, cave tours, whale watching, and endless hikes. Several locals in Reykjavík said that they love vacationing in Snæfellsnes. We only stayed in Ólafsvík for three nights, but it would be a lovely week-long getaway if you're looking to relax and explore the natural beauty of the peninsula.