This spot is very easy to miss along the ring road despite there being a sign for the location. From the car park, follow the path and walk 5-10 minutes with amazing views the entire time. You can even walk to the lagoon and all around the hills depending on how much time you want to spend here.

In the winter, the road may have snow drifts so you will have to park just at the turnout and walk but its not that far, i have done it but if you do, be warned youll be playing in the snow :)