EDIT: The villa has already been demolished, leaving only the concrete foundations. R.I.P.
The villa, abandoned around 2001/2002 (based on magazines from that year), offered a beautiful view of the ocean. Despite its neglected state, it was not vandalized.
According to the latest reports from the site, the villa has burned down :(.
The villa was located right in the heart of the seaside village-town of Stokkseyri on the shores of the Atlantic Ocean.