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Tucked among the pines on 1.03 acres in desirable Spring River Acres, this beautifully updated property offers the perfect blend of comfort, space, and adventure. The 3,055 sq ft home features 6 bedrooms and 4.5 bathrooms with extensive updates including heated floors, updated finishes, new windows, newer roof, and modern mechanical systems. Outside, you'll find a truly exceptional detached shop with approximately 1,200 sq ft on the main level, room for up to 4 vehicles, plus a 744 sq ft finished upper level offering endless possibilities for hobbies, storage, recreation, or workspace. Minutes from the Deschutes River, Sunriver, and Mt. Bachelor, this property is the ultimate Central Oregon basecamp. Enjoy private well water sourced from the Spring River aquifer that's so clean and refreshing you'll happily drink it straight from the tap, along with no HOA dues, recent septic inspection and pumping, and pride of ownership throughout.
A rough estimate, not a quote. Loan amount $1,279,200 · $319,800 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
44 listings of every type for sale, 11 pending, 6 sold in the last 30 days. Tap a place for its numbers, or slide the price.
In Bend, the largest city in Central Oregon, between the high desert and the Cascades.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Bend, plus the closes of the last 30 days. Counts and medians cover every listing read for this map; a few sit just beyond its edges. The map outlines 61 of the 1,001 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap.
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 10, 2026 | Price change | $1,599,000$76K down |
| Jun 4, 2026 | Listed | $1,675,000 |
$523 per sq ft
84 days on market. Caldera Springs median to pending is 69 days.
Tax $5,572 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.
This home sits in Spring River Acres Unit 4. 2 recorded documents govern it.
Documents marked with a book, page or instrument number are copies of instruments recorded in Deschutes County, Oregon. Nothing in those records marks a declaration as current or superseded. Later amendments may exist that are not shown here. Confirm the governing chain through title before relying on it. See Spring River Acres Unit 4.
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 $1,599,000 with 20% down, this property runs $6,936 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 Keller Williams Realty Central Oregon, agent Nick Holmboe, 541-585-3760
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 $1,599,000, 23.8% below the Caldera Springs median list price. See full Caldera Springs market →
