If you are looking for a holiday home not too far from downtown but at very interesting prices, the Cielo Alto neighborhood is a very good compromise.
It is a residential area only 1,5km away from the center of Cervinia; a quiet area, connected to the village with a shuffle service, interesting ski in ski out location with two of the most beautiful red and black slopes of the resort. It offers an incredible view of the local larch forest, the Matterhorn and Grandes Murailles mountains.