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ASSUMABLE 5.25% VA Loan! Looking for space for your RV, room for everyone & a backyard designed for making memories? Welcome home. This 4-bedroom residence offers exceptional versatility, thoughtful upgrades & abundant storage. The flexible 4th bedroom is currently used as a home office. Recent renovations to 2 bathrooms add a fresh, elevated feel throughout the home. The thoughtfully designed floor plan features a spacious primary suite & junior suite on the main level, along with an additional bedroom & powder bath. Upstairs, you'll find a private bedroom, full bath & an expansive bonus/family room perfect for movie nights or game days. Outside, the backyard is a true retreat with a lush lawn, entertaining deck, hot tub & charming playhouse that kids will love. A 3-car garage, oversized storage shed & fully fenced RV parking area provide ideal functionality & room for all your toys. This property offers the perfect blend of comfort, convenience & fun.
A rough estimate, not a quote. Loan amount $719,200 · $179,800 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
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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 24, 2026 | Price change | $899,000$26K down |
| Jul 21, 2026 | Price change | $925,000$25K down |
| Jun 28, 2026 | Listed | $950,000 |
$321 per sq ft
64 days on market. Caldera Springs median to pending is 69 days.
HOA $4 per month. Tax $2,631 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 $2,799 ($2,525–$3,225) · HUD Fair Market Rent (FY2025), Deschutes County, 4BR. Edit to your own number.
At $899,000 with 20% down, this property runs $2,970 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 Cascade Hasson SIR, agent Kerri Kurtz, 541-593-2122
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 $899,000, 57.2% below the Caldera Springs median list price. See full Caldera Springs market →