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Discover your own Central Oregon getaway with this unique riverfront recreational property located just minutes from Sunriver. Enjoy direct river frontage and a peaceful setting surrounded by the natural beauty of the area. The property already features a well and a carport, providing a great start for your recreational retreat. Spend your days fishing, kayaking, relaxing by the river, or exploring the endless outdoor recreation nearby. Conveniently located close to Sunriver Resort, dining, shopping, golf, bike trails, and year-round recreation. A wonderful opportunity to own your own piece of Central Oregon and create a private basecamp for all your outdoor adventures. This lot is perfect and has direct access to the water with a retaining wall.
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A rough estimate, not a quote. Loan amount $240,000 · $60,000 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.
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| Date | Event | Price |
|---|---|---|
| Aug 27, 2026 | Price change | $300,000$9K down |
| Aug 12, 2026 | Listed | $309,000 |
15 days on market. Caldera Springs median to pending is 69 days.
Tax $1,426 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
Listing courtesy of Berkshire Hathaway SR, agent Christine Larsen, 541-593-1234
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 $300,000, 85.7% below the Caldera Springs median list price. See full Caldera Springs market →