Yes, that's next to my favorite house! Judging from the price of the one you listed, I won't be moving to my favorite house anytime soon
. That area of Vesturbær has some beautiful large homes.
Some of the rooms in that hotel are bigger than our apartment. If you buy it, you should rent us the jacuzzi suite
.
More on-topic, I still don't know much about how to invest my money in the US. In Iceland I've been putting the extra money in my savings account (which is at 14-15% interest!) but the currency fell at least 30% against the dollar, so that sucked. Still by the time we get back to the US, that will be enough for a house downpayment, if we go that way...