Free email when a new home lists in this city near this price. Unsubscribe any time.
▶ Tour
▶ Tour
Keep exploring
Welcome to your private sanctuary just south of Sunriver. A charming path leads through a tranquil English garden to this inviting home, where a covered porch offers year-round outdoor enjoyment. Inside, the chef's kitchen is designed for both function and inspiration, flowing into a light-filled, airy great room. The primary suite features a spa-like bath with heated floors, a jetted tub, and a walk-in shower. Two additional bedrooms plus a versatile bonus flex space and expanded mudroom provide flexibility for living and guests. Outside, enjoy two storage areas. Ideally located near Anns Butte with easy access to the National Forest and nearby private river access--this is a must-see. Schedule your showing today.
A rough estimate, not a quote. Loan amount $340,000 · $85,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
See everything for sale in Caldera Springs
Neighborhood
Caldera Springs sits fifteen miles south of Bend, next to Sunriver Resort, at roughly 4,170 feet of elevation in the high desert along the upper Deschutes River. The community's own design guidelines place the site in a semi-arid Montane Life Zone, a transition band between the Great Basin Desert and the Cascade Range, covered in ponderosa and lodgepole pine with an understory of sagebrush, bitterbrush, and manzanita. Average annual precipitation runs 18 inches and average snowfall 49 inches, though the range swings hard from year to year. One winter brought 13 inches of snow, the next brought 144, according to those same guidelines. Every builder in the community designs around that swing. Snow-load framing, solar gain through winter windows, and wildfire resistance all run through the same approval process. Caldera Springs holds Firewise Community status, and the guidelines require wildfire-resistant roofing, building materials, and defensible landscaping before anyone breaks ground.
PacTrust opened the community in 2006 on 400 acres, with an original plan for 320 single-family homesites and 45 cabins. A 600-acre eastward expansion, launched in 2021, brought the master plan to its current 1,000 acres. Roughly a fifth of that total, 220 acres, was set aside rather than built on, carried in the plat as a protected wildlife mitigation area and marketed today as the Wildlife Forest Preserve. The lake and stream system at the center of the community, 14.7 acres of water including Obsidian Lake and Trailmere Lake, predates the expansion and still anchors it. So does Caldera Links, a nine-hole, par-27 course designed by golf architect Bob Cupp, with holes running a tight 60 to 185 yards and built for an afternoon rather than a full day on the course.
Drive times
| Date | Event | Price |
|---|---|---|
| Aug 29, 2026 | Price change | $425,000$20K down |
| Aug 18, 2026 | Price change | $445,000$9K down |
| Aug 4, 2026 | Price change | $454,000$10K down |
| Jul 15, 2026 | Listed | $464,000 |
| Jun 22, 2026 | Price change | $464,000 |
$251 per sq ft
46 days on market. Caldera Springs median to pending is 69 days.
Tax $2,902 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $425,000 with 20% down, this property runs $822 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Sunriver Realty, agent Amy Campbell, 541-593-7000
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Charted at Bend (city) scope
Median close price $750,000 in Aug 2026, down 5.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $425,000, 79.8% below the Caldera Springs median list price. See full Caldera Springs market →