Overview
Caldera Springs is a private residential resort community adjacent to Sunriver Resort, 15 miles south of Bend. The community launched in 2006 on 400 acres and expanded eastward in 2021, bringing the master plan to 1,000 acres. The original build-out included 320 single-family homesites and 45 cabins; the expansion adds a 220-acre Wildlife Forest Preserve permanently protected from development.
The community centers on 14.7 acres of lakes and streams, including Obsidian Lake and Trailmere Lake, where owners and resort guests paddle, kayak, and fly fish. Thirteen miles of paved and soft trails wind through forested terrain, and the par-27 Caldera Links course, designed by Bob Cupp, is available to owners and Sunriver Resort guests. A master-plan investment announced in 2024 funded Forest House, Forest Park, and a reimagined Lake House.
Caldera Springs operates in connection with Sunriver Resort and is managed by CoralTree Hospitality. Homes include custom single-family residences, Caldera Cabins, and Forestbrook vacation homes with attached studio units. The Forestbrook enclave began delivering homes in 2024, with pricing starting at $1.29 million; expansion-area homesites have been priced from the low $400,000s.
At a glance
Caldera Springs
Dining
Lake House
Waterfront restaurant on Obsidian Lake with indoor-outdoor dining and Mt. Bachelor views, plus the adjacent Shore Shack walkup bar with fire-pit seating.
Public
Recreation
Forest House
Recreation center with multiple heated outdoor pools, one of Oregon's longest dual-racer water slides, a lazy river, a kids' pool, a 1,748-square-foot fitness center, a game room, and poolside dining.
Owners and Sunriver Resort vacation-home guests only
Recreation
The Quarry
Infinity-edge pool overlooking Obsidian Lake, outdoor year-round spas, and a fitness center with stocked locker rooms.
Owners and resort guests
Recreation
Forest Park
Four-season park with six pickleball courts, a dog park, a children's play area, and a winter sledding hill.
Owners and resort guests
Recreation
Caldera Links Golf Course
A 9-hole, par-27 course designed by Bob Cupp, with holes from 60 to 185 yards plus putting and chipping greens.
Owners and Sunriver Resort guests
Recreation
Lakes and Trails
14.7 acres of lakes and streams with paddleboard, kayak, and canoe rentals through The Outpost, connected by 13 miles of paved and soft trails.
Owners and resort guests
Wellness
Spa at Sunriver Resort
Full-service spa at the adjacent Sunriver Resort, with complimentary fitness-center access for Caldera Springs owners and guests.
Owners and resort guests
Other
Wildlife Forest Preserve
A 220-acre permanently protected open space supporting habitat for river otters and bald eagles observed on the community's waterways.
Community open space
Estimate your payment
Principal and interest estimate only. Does not include taxes, insurance, or HOA. Based on Caldera Springs median list price. Contact us for a personalized quote at 541.213.6706.
About Caldera Springs
Listings inside Caldera Springs may appear under these MLS subdivision names.
17780 Preservation
Bend, OR · 97707 · Caldera Springs
17854 Preservation
Bend, OR · 97707 · Caldera Springs
17818 Preservation
Bend, OR · 97707 · Caldera Springs
17779 Preservation
Bend, OR · 97707 · Caldera Springs
18245 Forestbrook
Bend, OR · 97707 · Caldera Springs
56689 Dancing Rock
Bend, OR · 97707 · Caldera Springs
56449 Elk Run
Bend, OR · 97707 · Caldera Springs
18247 Basalt
Bend, OR · 97707 · Caldera Springs
56155 Sable Rock
Bend, OR · 97707 · Caldera Springs
17785 Everwild
Bend, OR · 97707 · Caldera Springs
56346 Fireglass
Bend, OR · 97707 · Caldera Springs
56322 Fireglass
Bend, OR · 97707 · Caldera Springs
56319 Mirror Rock
Bend, OR · 97707 · Caldera Springs
56343 Mirror Rock Lp
Bend, OR · 97707 · Caldera Springs
56288 Trailmere
Bend, OR · 97707 · Caldera Springs
17731 Everwild
Bend, OR · 97707 · Caldera Springs
56350 Mirror Rock
Bend, OR · 97707 · Caldera Springs
56342 Mirror Rock
Bend, OR · 97707 · Caldera Springs
56160 Sable Rock
Bend, OR · 97707 · Caldera Springs
Elk Run
Bend, OR · 97707 · Caldera Springs
Elk Run
Bend, OR · 97707 · Caldera Springs
56569 Elk Run
Bend, OR · 97707 · Caldera Springs
56545 Elk Run
Bend, OR · 97707 · Caldera Springs
Quickly find homes within your budget.
Upcoming open houses in Sunriver.
Local housing news, market data, and buyer and seller guides for Caldera Springs and Sunriver.
Sunriver works as both a full-time home and a vacation property, but those two lifestyles look very different in practice. Here is an honest comparison of costs, trade-offs, and daily life.
Bend closed May at a $797,000 median, up 3.6% year over year, while sales slowed and inventory held flat. The full June 2026 market report.
Bend City Council meets today to consider adopting the same wildfire-resistant building codes already in effect in Deschutes County and Sisters. Here is the honest cost-versus-safety analysis.
The median list price for a single-family home in Caldera Springs is $1,288,000, based on live MLS data.
Caldera Springs
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