The Cedar City Real Estate Market has a few subdivisions that are estate or gentleman’s ranch sized building lots. One of the newer of these type subdivisions in Iron County is Red Canyon Estates. It is located between Parowan and Summit on Old Hwy 91. These are homes on acreage. They were started around 2002 and are still being built. These are mostly upscale homes on parcels of land 5 acres and larger. Some of the lots are in the trees on the hill.
This is another subdivision that really has suffered in the market downturn. This is still a subdivision with some great potential, especially if you’re looking to have some elbow room. The Red Canyon Estates Subdivision does have some nice homes built there already, and would love to have a few more!
There are currently 2 homes listed in the Subdivision one at $189,900 and one at $580,000.
Market Update 1/23/2012: There are currently no homes listed for sale in the Multiple Listing Service in the Red Canyon Estates Subdivision. In the past 12 months there have also been no homes sell in the Red Canyon Estates Subdivision. There are 2 lots listed for sale. One is listed at $40,000 and the other is listed at $45,000. Both lots are 5 acres.
Here are some photos: