Hole 1
2 bunkers at the green. 2 tee boxes.
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Caldera Springs is a 1,000 acre resort community next to Sunriver. Over the last 12 months 51 single family homes sold at a median $2,044,000, closing at 96.5% of first asking price. On Oct 29, 2026, 25 were for sale at a median ask of $1,849,000. Overnight rentals are allowed, and owner access to Caldera Links golf is included in the association assessment.
Sources: Regional MLS via Oregon Data Share, Caldera Springs Facts and Figures, Caldera Springs association documents
Oregon Data Share MLS, as of Oct 29, 2026
| Cost | Amount | Source |
|---|---|---|
| Caldera Springs Owners Association assessment | See current Facts and FiguresIncludes owner access to Caldera Links | Caldera Springs Facts and Figures |
| Golf membership | None needed for Caldera LinksCaldera Links is owned by Sunriver Resort | Caldera Springs Facts and Figures |
We are confirming the 2026 assessment figures with the association before printing them. Ask us or the association for the current amount.
Lakeside homes must be available for overnight rental 38 weeks a year. Sunriver Resort amenities such as Crosswater golf are only for owners in the Resort rental program.
| Caldera Springs Homes for Sale, Prices | Crosswater | |
|---|---|---|
| Location | Next to Sunriver | Inside Sunriver |
| Golf | Caldera Links, 9 holes plus a 3 hole golf park | Private course for club members and resort guests |
| Club cost | Caldera Links access included in assessments | $2,500 to $60,000 to join |
| Overnight rentals | Allowed | Check the CC&Rs for the home |
Caldera Springs · Sold
56502 Caldera Springs Court2 bd · 3 ba · 1,475 sqft$825,000
56556 Caldera Springs Court3 bd · 4 ba · 1,809 sqft$999,900
56672 Red Bark Lane0 ba$735,000
56680 Red Bark Lane0 ba$735,000
17759 Cottontail Loop5 bd · 6 ba · 5,045 sqft$3,322,913
17860 Preservation Loop5 bd · 5 ba · 3,852 sqft$2,044,000Oregon Data Share MLS, closed sales in Caldera Springs in the last 6 months, as of Oct 29, 2026.
26 houses sold in Caldera Springs in the last six months. Publishing months of supply takes 30 sales inside six months, so we don't; a 12-month count covers twice that window. Sunriver as a whole has 4.4 months of supply (Oregon Data Share MLS, single-family homes, as of Oct 29, 2026).
Oregon Data Share · single-family houses inside the recorded Caldera Springs boundary that closed in the last 180 days, one mark per sale, against the 30 closed sales a months-of-supply figure needs before it is published. · as of Oct 29, 2026
35 for sale on the map, all home types (Oregon Data Share MLS, as of Oct 29, 2026)
regional MLS through Oregon Data Share: every listing inside the recorded Caldera Springs boundary that is for sale, or under contract and still showing, every property type. · updated Oct 29, 2026
51detached houses sold in Caldera Springs over 12 monthsas of Oct 29, 2026
Value my home
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.
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
The Quarry
Infinity-edge pool overlooking Obsidian Lake, outdoor year-round spas, and a fitness center with stocked locker rooms.
Owners and resort guests
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
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
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
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
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
Amenity names come from the Caldera Springs community guide. Not MLS inventory.
Caldera Springs · Trails
Straight-line distance from this place to the curated Central Oregon parks and trails registry. Trail miles, difficulty, park features, and parking print only when the official source states them.
Caldera Springs · Belonging
The facts above come from Caldera Springs's recorded sources: Caldera Springs Owners' Association (CSOA), Design Guidelines, April 2023, PacTrust, KTVZ, Caldera Springs (official community site), Lifestyle page, Golf Oregon, Western Home Journal, Bend Source, Wikipedia, citing USGS/Census sources, GreatSchools, and Caldera Springs Owners' Association (CSOA), Facts and Figures 2025. The HOA figure is not authored: it is the median of detached listings that reported dues since October 2023, and it carries its own basis on the row. Schools are the Deschutes County attendance areas that cover this place.
Short-term rental potential in Caldera Springs varies by HOA rules, community covenants, and Oregon regulations. Ask for the current rental guidelines before you assume what is permitted or what it could earn.
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.
The course
Par 27 · 1,142 yards from the back tees · Bob Cupp & Jim Ramey
Hole 9 has no routing in the map data, so it is not drawn.
Hole 1
2 bunkers at the green. 2 tee boxes.
Hole 2
3 bunkers, 2 at the green. Water on the hole, 2 tee boxes.
Hole 3
3 bunkers at the green. Water on the hole, 2 tee boxes.
Hole 4
Water on the hole. 3 tee boxes.
Hole 5
3 bunkers at the green. Water on the hole.
Hole 6
4 bunkers at the green. Water on the hole, 2 tee boxes.
Hole 7
2 bunkers at the green. 2 tee boxes.
Hole 8
4 bunkers, 3 at the green. Water on the hole, 4 tee boxes.
All 9 holes
hole routings, greens, bunkers and tees from OpenStreetMap contributors, clipped to the course boundary; fairway turf traced from Oregon statewide aerial imagery; the par and yardage in the line under the heading from the USGA National Course Rating Database
Caldera Springs · Reading
Caldera Springs · Housing stock
Eight in ten detached homes in Caldera Springs were built between 2007 and 2025, based on 336 homes with a recorded build year.
Every figure here describes detached homes only, measured from listings in the Oregon Data Share MLS, as of Oct 29, 2026.
Caldera Springs · Video
Caldera Springs · By the numbers
Each answer carries the one figure it is about and where that figure came from. Market figures on this page come from the Oregon Data Share MLS. Market data as of Oct 29, 2026.
Caldera Springs
Recorded documents
Resorts in Bend
Resorts in Redmond
Resorts in Sunriver
Resorts in Sisters
Resorts in Powell Butte
Resorts in Terrebonne
Yes. Caldera Springs says overnight rentals are allowed. Owners register each year and buy rental ID cards. Lakeside homes must be available for overnight rental 38 weeks a year.
https://calderasprings.com/wp-content/uploads/2025/10/2025-Important-Association-Documents.pdf, https://calderasprings.com/wp-content/uploads/2026/03/CS_PropertyManagementGuideSheet_030526.pdf
Only owners in the Sunriver Resort rental program and their guests get Resort amenities such as Crosswater golf. Caldera Links access is included for all owners.
https://calderasprings.com/wp-content/uploads/2026/03/CS_PropertyManagementGuideSheet_030526.pdf
Yes. Owner access to Caldera Links, a Bob Cupp 9 hole executive course plus a 3 hole golf park owned by Sunriver Resort, is included in the association assessment.
https://calderasprings.com/wp-content/uploads/2026/03/2026-Facts-and-Figures.pdf
Too few homes have sold in Caldera Springs on their own to publish a months-of-supply reading.
51 single-family homes closed in Caldera Springs over the past 12 months, so the Sunriver market as a whole is the better guide. Ask us and we will read the comparable sales for your street instead.
Oregon Data Share MLS, single-family homes assigned to Caldera Springs, closed sales over the past 12 months, as of Oct 29, 2026
The median sale price for a single-family home in Caldera Springs was $2,044,000 over the past 12 months.
The homes on the market right now are asking a median of $1,849,000, which is a different set of homes from the ones that sold.
Oregon Data Share MLS, single-family homes assigned to Caldera Springs, median closed price over the past 12 months, as of Oct 29, 2026
Half the Caldera Springs homes that went under contract in the last 90 days did it inside 68 days.
Across Sunriver the median over the same window was 42 days.
Oregon Data Share MLS, single-family homes assigned to Caldera Springs, median days from listing to under contract, last 90 days, as of Oct 29, 2026
The typical Caldera Springs home closed at 96.5% of the price it was first listed at, over the last 12 months.
Across Sunriver it was 95.3%.
Under 100% means sellers here generally came down from their first number before the home sold. Over 100% means buyers bid past it.
Oregon Data Share MLS, single-family homes assigned to Caldera Springs, median closed price as a share of the original list price, last 12 months, as of Oct 29, 2026
51.0% of the homes that closed in Caldera Springs over the last 12 months were paid for in cash.
Across Sunriver it was 41.5%. A high cash share is why a financed offer here often needs to be stronger somewhere else.
Oregon Data Share MLS, single-family homes assigned to Caldera Springs, share of closings recorded as cash, last 12 months, as of Oct 29, 2026
25 single-family homes are on the market in Caldera Springs right now.
That 25 is single-family only, which is the population every figure on this page measures.
Caldera Springs also has 35 homes of all types for sale, the count the map and the agent answer use.
Oregon Data Share MLS, single-family homes for sale in the recorded Caldera Springs boundary, live at this render, as of Oct 29, 2026
Yes. The median sale price of single-family homes in Caldera Springs over the last 12 months is up 19.5% from the 12 months before.
Detached Caldera Springs listings that reported dues since October 2023 show a median of $360 a month ($4,320 a year), across 187 listings. Dues vary by property. Confirm the current amount with the association before you buy.
Oregon Data Share MLS, Detached Caldera Springs listings that reported dues since October 2023 show a median of $360 a month ($4,320 a year), across 187 listings. Dues vary by property. Confirm the current amount with the association before you buy.
Bend-La Pine Schools. Attendance areas covering Caldera Springs are Three Rivers Elem and Three Rivers.
Put your street address into the value field at the top of this page. You will see how Caldera Springs is selling against your home before anyone asks for an email.
We build it on the 51 single-family homes that closed in Caldera Springs over the past 12 months, plus what your home has that those did not.
Value my Caldera Springs homeOregon Data Share MLS, single-family homes assigned to Caldera Springs, closed sales over the past 12 months, as of Oct 29, 2026
Matt Ryan is the owner and principal broker at Ryan Realty. Ask him about buying or selling in Caldera Springs. Matt Ryan, Owner & Principal Broker.
Matt Ryan
