Located in the bay of Breiðafjörður, the small, windswept island of Flatey is often overlooked by travelers. But despite being only two kilometers (1.2 miles) long and one kilometer (0.6 miles) wide, this tiny speck of land boasts a surprising wealth of culture, history, and natural beauty. A former monastery was founded on the island in 1172, and it long served as the resting place for an important medieval manuscript known as Flateyjarbók. Flatey later received a trading license from the Danish Crown in 1777, sparking an increase in island residents. Toward…