We are an American family from the NYC metro area. We stayed at this fantastic property for 4 nights as part of our Iceland vacation. The property was one of the highlights of our trip, and the views from the property (which indeed is right on the water) are even more stunning than the photos. The kitchen is well stocked with modern appliances and we cooked several meals. The set up is that the unit is one of several in an isolated development about 25 minutes north of Akureyri. It's a great location, especially if you plan on visiting Husavik or Myvatin (in that general direction). I would say that if you don't plan on cooking dinners that it might be a hassle to constantly drive back to Akureyri, so I would recommend purchasing groceries on the way there. The communication with the owner was excellent, and he provided a 30 page guide to the unit and the surrounding area. We used the hot tub every night, and it was very enjoyable and well maintained. The only issue we had was that there is no freezer- which I imagine is not an issue most of the year, but please note that for your groceries.
Overall, a great trip and property, and we would definitely plan to stay again.