Median list price $1,726,000.
Refreshed every 15 minutes from Oregon Data Share. Single-family homes only. Updated May 31, 11:15 AM PDT.
Overview
Caldera Springs is a private residential resort community adjacent to Sunriver Resort, 15 miles south of Bend. The community launched in 2006 on 400 acres and expanded eastward in 2021, bringing the master plan to 1,000 acres. The original build-out included 320 single-family homesites and 45 cabins; the expansion adds a 220-acre Wildlife Forest Preserve permanently protected from development.
The community centers on 14.7 acres of lakes and streams, including Obsidian Lake and Trailmere Lake, where owners and resort guests paddle, kayak, and fly fish. Thirteen miles of paved and soft trails wind through forested terrain, and the par-27 Caldera Links course, designed by Bob Cupp, is available to owners and Sunriver Resort guests. A master-plan investment announced in 2024 funded Forest House, Forest Park, and a reimagined Lake House.
Caldera Springs operates in connection with Sunriver Resort and is managed by CoralTree Hospitality. Homes include custom single-family residences, Caldera Cabins, and Forestbrook vacation homes with attached studio units. The Forestbrook enclave began delivering homes in 2024, with pricing starting at $1.29 million; expansion-area homesites have been priced from the low $400,000s.
At a glance
Dining
Lake House
Waterfront restaurant on Obsidian Lake with indoor-outdoor dining and Mt. Bachelor views, plus the adjacent Shore Shack walkup bar with fire-pit seating.
Public
Recreation
Forest House
Recreation 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 only
Recreation
The Quarry
Infinity-edge pool overlooking Obsidian Lake, outdoor year-round spas, and a fitness center with stocked locker rooms.
Owners and resort guests
Recreation
Forest Park
Four-season park with six pickleball courts, a dog park, a children's play area, and a winter sledding hill.
Owners and resort guests
Recreation
Caldera Links Golf Course
A 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 guests
Recreation
Lakes and Trails
14.7 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 guests
Wellness
Spa at Sunriver Resort
Full-service spa at the adjacent Sunriver Resort, with complimentary fitness-center access for Caldera Springs owners and guests.
Owners and resort guests
Other
Wildlife Forest Preserve
A 220-acre permanently protected open space supporting habitat for river otters and bald eagles observed on the community's waterways.
Community open space
About Caldera Springs
Listings inside Caldera Springs may appear under these MLS subdivision names.
Caldera Springs
Caldera Springs
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The median list price for a single-family home in Caldera Springs is $1,726,000, based on live MLS data.
We close deals across Sunriver every year. We can tell you what the market looked like last month in Caldera Springs. If the numbers support it, we will say so.
