Here is a bit of background on an interesting region of space that may fit these parameters:

The destination is a star that you can’t see with your naked eye, in the southern constellation Libra, called Gliese 581.
Identified over 40 years ago by the German astronomer Wilhelm Gliese, it’s a red dwarf with 31% of the Sun’s mass… and only 1.3% of its luminosity.

Until recently, the so-called M Stars like Gliese 581 flew below the radar of planet hunters.
They give off so little energy that a planet would have to orbit dangerously close just to get enough heat.
Now, these unlikely realms are beginning to show some promise… as their dim light yields to precision technologies…
…as well as supercomputers… honed in the battle to understand global changes on this planet… Earth.
Will we now begin to detect signs of alien life?

What do you think?  Are these types of formations like Gliese 581 a good place to search for earth-like planets?  Feel free to comment with your ideas.

thanks to NASA for the pic