Caldera Springs
Sunriver, Deschutes County, Oregon · Bend / Central Oregon golf market
- Homes
- $2,064,000 – $2,250,000
- Gated
- Yes
- Housing
- single-family detached, custom homes
Considering a Home in Caldera Springs?
Get connected with a local real-estate specialist who understands Caldera Springs and the surrounding Bend / Central Oregon golf market.
Caldera Springs is a 400-acre gated luxury residential community established in 2006 within the broader Sunriver Resort ecosystem, roughly 15 miles south of Bend. It is anchored by Caldera Links, a 9-hole, walking-only, Bob Cupp/Jim Ramey-designed par-3 course confirmed reserved for Sunriver Resort guests, Caldera Springs owners/guests, and Crosswater Club members -- with a real, sourced homeowner-exclusive element: Caldera Springs owners specifically get access to an 'Owner's Only' 3-hole extension (a par-5, par-3, and par-4 off the 6th green) not available to any other user class. This is a genuine, confirmed golf-access privilege tied specifically to Caldera Springs ownership, distinct from the broader Sunriver community, which carries no golf bundling at all (see the Sunriver Resort anchor record).
Beyond golf, Caldera Springs offers the Forest House aquatic complex (exclusive to owners and their booked guests: family pool, lazy river, water slides, fitness center), The Lake House waterfront dining overlooking Obsidian Lake, tennis and basketball courts, and access to over 1,000 acres of forests, lakes, and trails. Home prices run high: a median list price around $2.06 million and a median sale price around $2.25 million as of August 2026 reporting (up 32.4% year over year), spanning custom homes, luxury cabins, and homesites.
Golf Access
Does buying a home here include club membership?
Caldera Springs owners get confirmed, genuine exclusive access to a 3-hole 'Owner's Only' extension at Caldera Links, not available to Sunriver Resort guests or Crosswater members generally. This does not by itself include membership in Sunriver Golf Club or Crosswater Club -- see the Sunriver Resort anchor record.
Living in Caldera Springs
A 400-acre gated community (established 2006) of custom homes, luxury cabins, and homesites across more than 1,000 acres of forests, lakes, and trails.
Lifestyle & Amenities
The Forest House aquatic complex (owner/guest-exclusive), The Lake House waterfront dining, tennis and basketball courts, and a fitness center.
Location & Surrounding Area
Within the Sunriver Resort footprint, Deschutes County, roughly 15 miles south of Bend.
Costs & Fees
Figures below are labeled Current only when the source itself frames them as presently accurate. Everything else is labeled Historical — a source checked today does not make an old figure a current one.
Home price (low)
Current$2,064,000
Median LIST price for single-family homes as of August 2026.
Home price (high)
Current$2,250,000
Median SALE price reported as of a recent month in the same source, up 32.4% year over year -- treated here as an approximate current ceiling rather than a hard maximum, since luxury custom homes can exceed this.
No golf club membership fee is charged for the homeowner-exclusive portion of Caldera Links access (the 'Owner's Only' 3-hole extension); broader access to Crosswater/Meadows/Woodlands requires a separate Sunriver Golf Club or Crosswater Club membership -- see the Sunriver Resort anchor record.
Interested in Homes in Caldera Springs?
We can connect you with a local real-estate specialist who knows Caldera Springs and the Bend / Central Oregon market.
What Buyers Should Verify
- Confirm current HOA fees directly -- not found this session.
- Confirm whether Caldera Springs owners receive any preferential (vs. general public) pricing or access terms at Crosswater, Meadows, or Woodlands beyond the Caldera Links owner-exclusive extension.
Notable
- Caldera Springs owners get exclusive access to a 3-hole 'Owner's Only' extension at Caldera Links -- a genuine, confirmed homeowner-exclusive golf privilege distinct from the rest of the Sunriver golf ecosystem.
- Median sale price around $2.25 million as of August 2026 reporting, up 32.4% year over year.
Nearby Golf Communities Worth Comparing
Considering a Move to Caldera Springs?
Whether you're comparing Caldera Springs with another Bend / Central Oregon golf community or you're ready to start looking at homes, US Golf Living can connect you with a local real-estate specialist.
US Golf Living provides independent real-estate research and can connect consumers with real-estate professionals. Golf membership, availability, fees and approval are determined independently by the applicable club.