Flateyrardalur valley is so remote and out of they way, it is inconceivable to imagine what it is like to live there. Still, it was inhabited until 1953. The valley derives its name from the island Flatey, which lies just offshore in the Skjálfandaflói bay. The valley stretches from the northern part of Fnjóskárdalur valley, all the way to the arctic sea in the north. Even in summer it is only accessible by a 4WD along a marshland track at 220 meters high. Still, those who haven't been able to resist this area of extreme solitude, generally agree it is of a rare, albeit chilly beauty.
You will only find three houses in Flateyjardalur and only inhabited during summer. Quite interestingly though, this "nowhere" valley has been inhabited since earliest settlement in Iceland. It is the where one of the Sagas, Finnboga saga ramma (The Saga of Finnbogi the Strong) takes place.
According to the saga, once Finnbogi was travelling alone and was ambushed by fifteen of his enemies where the present road descends a narrow ridge. He promptly killed twelve of them and drove the remaining three away before help arrived. Well, anyone venturing to live in this valley, would have had to possess strength on the Hulk scale.
The valley is beautiful during summer, fertile and colorful. But, the winters are extreme to say the least. They are too severe to allow any communication the rest of the world. Which is quite unacceptable to the modern man.