Gaut­lönd farm is located south-west of lake Mývatn, at alti­tude 270m.a.s.l. in the shall­ow de­pres­sion ex­tend­ing south of valley Laxár­dalur. The area is char­acter­ized by heath vege­tat­ion, hills and moors.

Cur­rent farm­ers, the broth­ers Jóhann Böðvars­son and Sig­urð­ur Guðni Böðvars­son are the sixth gen­erat­ion of farm­ers, since Sig­urð­ur Jóns­son mov­ed to Gaut­lönd in 1818 from nearby Bárðar­dalur. The best known of this family is prob­ably Jón Sigurðs­son (1828−1889) P.M. and the speaker of the parliament. Three of his sons also were members of the Icelandic parliament.

Gaut­lönd is mentioned in the Old Icelandic Sagas; Vígaskúta− and Reykdæla Saga.

Today the above mentioned brothers run the farm with dairy-cows, cattle, sheep and horses.