Caldera Springs homes for sale

• 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.

• HOA (measured)

  $4,320 a year, the median of the 176 current listings that report dues.

• 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.

• Eight in ten detached homes in Caldera Springs were built between 2007 and 2025, based on 326 homes with a recorded build year.

• Since September 2023, 176 detached listings here reported whether the home has an HOA. 176 of them do.

• 176 detached listings here reported a dues figure since September 2023. The median is $360 a month.

Every figure here describes detached homes only, measured from listings in the regional MLS. Listings that reported nothing about an HOA are not counted either way. Confirm dues and governing documents through the association before relying on them.

• What is the median home price in Caldera Springs?

  The median list price for a single-family home in Caldera Springs is $2,099,000 as of September 2026, based on a direct count of the active MLS listings.

• How many single-family homes are for sale in Caldera Springs?

  There are 32 active single-family listings in Caldera Springs as of September 2026.

• How long do homes take to sell in Caldera Springs?

  Single-family homes in Caldera Springs took a median of 69 days to go pending as of September 2026.

• How many homes sold in Caldera Springs in the last year?

  40 single-family homes sold in Caldera Springs over the past 12 months as of September 2026.

• Does Caldera Springs have an HOA?

  Yes. Annual HOA dues run $4,320, the median of the 176 current listings that report dues. Exact fees vary by lot, phase, and membership level. Verify current amounts with the HOA before any purchase.

• What school district serves Caldera Springs?

  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.

• Caldera Springs Declaration of CC&Rs, Instrument 2006-27330, Deschutes County (PDF)