Egilsstadir is a very beautiful town with its special characteristics. Firstly, the town does not lie at sea which is not common in Iceland.
Instead of the sea, the town lies on water which is the longest in Iceland and is called Logurinn. When the Loch Ness monster was talked about a few decades ago, it was also discussed that there were similar monsters in Logurinn.
As with Loch Ness, the monster was never found in the Logurinn, but the story is still good. The lake is long and wide and maybe you will find it someday.