32 homes for sale in Caldera Springs. Live inventory from the regional MLS. Median list $2,064,000. Pending in 62.5 days.
Caldera Springs is a residential resort community in Sunriver, Oregon, about 15 miles south of Bend. It sits adjacent to Sunriver Resort and the Crosswater community, within reach of the Deschutes National Forest and the Newberry National Volcanic Monument. The community started in 2006 and is set among ponderosa pine forest, lakes, and streams in Central Oregon.
The original master plan laid out a 400-acre community with 320 single-family homes and 45 cabins, along with a lake house, a pool and fitness facility, a nine-hole short course, and 12 miles of biking and walking trails. Caldera Springs also includes a 220-acre wildlife forest preserve that is permanently protected from development.
Since 2021, Caldera Springs has been the subject of a 600-acre expansion tied to a master plan reimagination of Sunriver Resort and Caldera Springs valued at more than $100 million. The expansion has added new homesites, vacation homes, parks, trails, lakes, and amenities to the east of the original community.
The centerpiece of the expansion is Forest House, a family recreation center with multiple outdoor pools, a lazy river, a dual-racer waterslide described as one of Oregon's longest, and a fitness center, plus Piney's, an indoor and outdoor cafe and bar. Next to it, Forest Park adds six pickleball courts, a dog park, a play area, and a winter sledding hill. The reimagined Lake House serves waterfront dining with views of Obsidian Lake. Forest House offers access to Caldera Springs homeowners and to guests staying in a Sunriver Resort vacation home at Caldera Springs.
Homes here range from cabins to larger single-family residences, including Forestbrook, a newer collection of three- and four-bedroom homes. Many owners place their homes in a full-service vacation rental program run with Sunriver Resort Vacation Properties, which handles maintenance and guest care. Sunriver Resort and Caldera Springs are managed by CoralTree Hospitality.
If you are weighing a purchase at Caldera Springs, our team can walk you through what is currently for sale and how ownership and the rental program work. Reach out and we will share the homes and homesites available now.
Waterfront restaurant on Obsidian Lake with indoor-outdoor dining and Mt. Bachelor views, plus the adjacent Shore Shack walkup bar with fire-pit seating.
PublicRecreation center with multiple heated outdoor pools, one of Oregon's longest dual-racer water slides, a lazy river, a kids' pool, a 1,748-square-foot fitness center, a game room, and poolside dining.
Owners and Sunriver Resort vacation-home guests onlyInfinity-edge pool overlooking Obsidian Lake, outdoor year-round spas, and a fitness center with stocked locker rooms.
Owners and resort guestsFour-season park with six pickleball courts, a dog park, a children's play area, and a winter sledding hill.
Owners and resort guestsA 9-hole, par-27 course designed by Bob Cupp, with holes from 60 to 185 yards plus putting and chipping greens.
Owners and Sunriver Resort guests14.7 acres of lakes and streams with paddleboard, kayak, and canoe rentals through The Outpost, connected by 13 miles of paved and soft trails.
Owners and resort guestsFull-service spa at the adjacent Sunriver Resort, with complimentary fitness-center access for Caldera Springs owners and guests.
Owners and resort guestsA 220-acre permanently protected open space supporting habitat for river otters and bald eagles observed on the community's waterways.
Community open spaceLive inventory from the regional MLS.
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Questions about Caldera Springs? 541.703.3095
Active single-family listings in Caldera Springs. Hover the list or tap a pin.
Too few recent sales here for a standalone trend. This line tracks Sunriver (city).
| Month | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Jan | $892K | $930K | $939K | $928K | $1.2M |
| Feb | $879K | $850K | $923K | $841K | $860K |
| Mar | $950K | $933K | $705K | $880K | $740K |
| Apr | $1.1M | $839K | $1.0M | $810K | $865K |
| May | $863K | $888K | $892K | $899K | $745K |
| Jun | $1.1M | $957K | $1.1M | $830K | $1.0M |
| Jul | $975K | $980K | $813K | $1.1M | $890K |
| Aug | $920K | $967K | $1.0M | $799K | $1.2M |
| Sep | $950K | $925K | $774K | $946K | — |
| Oct | $828K | $1.0M | $785K | $830K | — |
| Nov | $819K | $875K | $1.6M | $723K | — |
| Dec | $870K | $1.3M | $1.2M | $1.4M | — |
Those are the region’s numbers. Yours come from your street.
Live single-family figures from the regional MLS. Sale to list compares the final sale price to the asking price. Median to pending is days from listing to an accepted offer.
Aug 2024 to Jul 2026 (24 months) · Oregon Data Share, Sunriver city, monthly. Completed months only.
A short tour of Caldera Springs, Central Oregon.
Homes in Caldera Springs are served by Bend-La Pine Schools.
The specific school assigned to each home (elementary, middle, and high) depends on the address within the district. Confirm with the district before purchasing.
See schools in this districtAs a California resident, selling my house in Bend was more difficult and complicated than I had ever anticipated - but Matt was always available to make the process as smooth as possible. He exhibited great patience and provided all the information I needed, and worked with my son-in-law and me to navigate our way through the process. Thank you Matt!
I'd highly recommend Matt Ryan as his attention to detail and art of the negotiations with data on both buyers/sellers is impressive. He seems to navigate the process between buyers / sellers to a "T" and he exemplifies the communication and clarity. You will not be disappointed ....
We had an excellent experience working with Matt! He was smart, understood our needs right away, and acted quickly while staying calm and patient throughout the process. Even in a tough market, he sold our home faster than we expected. Truly the best — highly recommend!
Matt is the most professional, communicative, and honest Real Estate Broker I have ever worked with. Matt kept me informed on a weekly basis as to the progress of selling my home in the Bend area. He had very constructive ideas to improve my property and always found a reasonable subcontractor to improve my chances of selling my home. If you are selling or buying a home I suggest you contact Matt Ryan immediately. Matt is the best!!
From the start of our journey to the end, Matt was right at every turn. Selling a house is an emotional roller coaster and Matt helped managed the downs while pridicting the ups. I highly recommend Ryan Realty for both buying and selling!
Matt did a great job helping us sell our home. His presentation and marketing were professional and thorough. He was patient, low pressure with us and provided expert guidance. We would not hesitate to recommend or use Matt's services again.
Every active MLS listing in Caldera Springs. Reach out when you want to walk one.
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Short-term rental potential in Caldera Springs varies by HOA rules, community covenants, and Oregon regulations. Reach out for current rental guidelines before you assume what is permitted or what it could earn.
The median list price for a single-family home in Caldera Springs is $2,064,000 as of August 2026, based on live MLS data.
There are 32 active single-family listings in Caldera Springs as of August 2026.
Single-family homes in Caldera Springs took a median of 62.5 days to go pending as of August 2026.
42 single-family homes sold in Caldera Springs over the past 12 months as of August 2026.
Homes in Caldera Springs are served by Bend-La Pine Schools. The specific elementary, middle, and high school assigned to a home depends on its address within the district. Visit our schools page for the full list of schools in the district.
Oregon Data Share, the regional MLS cooperative behind the live listing and market data on this page.
