Part of a cluster of historic wooden buildings by the harbour, this museum is in the Turnhús (1784), which was originally a warehouse. It's crammed with fishing and nautical exhibits, tools from the whaling days, fascinating old photos depicting town life over the centuries, and accordions. To the right is the Tjöruhús (1781), now an excellent seafood restaurant. The Faktorhús (1765), which housed the manager of the village shop, and the Krambúd (1757), originally a storehouse, are now private residences.
The museum ticket is also good for the Old Blacksmith's Workshop in Þingeyri.