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Lake Myvatn has many interesting geological feature around it and while lake is lake, the surrounding features make it great. Of course, there are lots of birds, swans and small hiking places so keep some a day's time for the area.
Serene and crystal clear shallow waters that reflect the islets and clouds. Watch out for the midges though. Be sure to bring a head net, since these small nonbiting insects like to crawl up your nose or into your ears.
I camped on the edge or the lake which made for a beautiful sunrise! Some great places to eat nearby but beware, places close early even in summer. Nearby blue lagoon and hot caves make this lake a great central location hub.