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Presently a farm at the end of a synonymous cove south of the town Stykkisholmur on the Snaefell Peninsula.
According to the Eyrbyggja Saga, it was a District Parliament Site. It was desecrated with innocent blood and had to be moved elsewhere. Ruins of more than 40 houses (budir) were discovered there during an archaeological excavation in the 19th century.
The largest one was about 20 m long, and traces of a wall around the former judicial assembly with a sacrificial stone (Thor Stone) were still obvious when the Saga was written.
Thingvellir is on nat.is West Iceland Saga Trail
Thingvellir Snaefellsnes in Icelandic