Astronomers say they have for the first time spotted a planet in what is sometimes called "the Goldilocks zone" - an area where conditions to support life are just right.
Not too far from its star, and not too close, so it could contain liquid water. The planet itself is neither too big nor too small for the proper surface, gravity and atmosphere. Just like Earth.
"This really is the first 'Goldilocks' planet," said co-discoverer R Paul Butler of the Carnegie Institution of Washington.
The planet sits in the middle of what astronomers refer to as the habitable zone, unlike any of the nearly 500 other planets astronomers have found outside Earth's solar system.
It also is in Earth's galactic neighbourhood, suggesting that plenty of Earth-like planets circle other stars.
Finding a planet that could potentially support life is a major step toward answering the timeless question: Are we alone?
Scientists have jumped the gun before on proclaiming that planets outside Earth's solar system were habitable only to have them turn out to be not quite so conducive to life.
This one, however, is so clearly in the right zone that five outside astronomers told the Associated Press it seems to be the real thing.
"This is the first one I'm truly excited about," said Penn State University's Jim Kasting. He said this planet is a "pretty prime candidate" for harbouring life.
Life on other planets does not mean ET. Even a simple single-cell bacteria or the equivalent of shower mould would shake perceptions about the uniqueness of life on Earth.
But there remain many unanswered questions about this strange planet. It is about three times the mass of Earth, slightly larger in width and much closer to its star - 14 million miles away instead of 93 million.
It is so close to its version of the sun that it orbits every 37 days. And it does not rotate much, so one side is almost always bright, the other dark.
Temperatures can be as hot as 71C or as cold as minus 4C, but in between - in the land of constant sunrise - it would be "shirt-sleeve weather", said co-discoverer Steven Vogt of the University of California at Santa Cruz.
It is unknown whether water exists on the planet, and what kind of atmosphere it has. Because conditions are ideal for liquid water, however, and because there always seems to be life on Earth where there is water, Mr Vogt believes "that chances for life on this planet are 100%".
The astronomers' findings are being published in Astrophysical Journal and were announced by the National Science Foundation.
The planet circles a star called Gliese 581. It is about 120 trillion miles away, so it would take several generations for a spaceship to get there. It may seem like a long distance, but in the scheme of the vast universe, this planet is "right in our face, right next door to us", Mr Vogt said in an interview.
That proximity and the way it was found so early in astronomers' search for habitable planets hints to scientists that planets like Earth are probably not that rare.
Mr Vogt and Mr Butler ran some calculations, with giant margins for error built in, and figured that as much as one out of five to 10 stars in the universe have planets that are Earth-sized and in the habitable zone.
With an estimated 200 billion stars in the universe, that means maybe 40 billion planets that have the potential for life, Mr Vogt said. However, Ohio State University's Scott Gaudi cautioned that is too speculative about how common these planets are.
Mr Vogt and Mr Butler used ground-based telescopes to track the star's precise movements over 11 years and watch for wobbles that indicate planets are circling it.
The newly discovered planet is actually the sixth found circling Gliese 581. Two looked promising for habitability for a while, another turned out to be too hot and the fifth is likely to be too cold. This sixth one - called Gliese 581g - bracketed right in the sweet spot in between, Mr Vogt said.
"It's not a very interesting name and it's a beautiful planet," Mr Vogt said. Unofficially, he's named it after his wife: "I call it Zarmina's World."
The star Gliese 581 is a dwarf, about one-third the strength of Earth's sun. Because of that, it cannot be seen without a telescope from Earth, although it is in the Libra constellation, Mr Vogt said.
But if you were standing on this new planet, you could easily see Earth's sun, Mr Butler said.
The low-energy dwarf star will live for billions of years, much longer than Earth's sun, he said. And that just increases the likelihood of life developing on the planet, the discoverers said.
"It's pretty hard to stop life once you give it the right conditions," Mr Vogt said.