The Cedar City Real Estate Market has a few subdivisions that have great potential, but were started just about the time that the real estate bubble burst. Rancho Bonita is certainly one of those. Rancho Bonita is one of the subdivisions that are a little removed from Cedar City.
Rancho Bonita is another of the subdivisions with large lots they are 1/2 acres. This is a subdivision that offers great mountain views. It is quiet, and laid back. This was another subdivision where you were able to bring your own builder.
The homes in this subdivision are more of the custom sized homes and prices have ranged from $260K to one that is listed at $336K. The homes are mostly on a basement and have square footage at 1700 square feet on the main level, with additional square footage in the basement.
Market Update 1/19/2012: There are currently no homes listed for sale in the Multiple Listing Service. In the past 12 months there have been 3 homes sell. They ranged in the $188,000 price range. There are currently no building lots listed for sale, which is a little strange as the subdivision has a lot of open lots.