Living in Caldera Springs
Refined Living in the Heart of Central Oregon
A private, nature-forward community designed for calm, connection, and long-term value
Caldera Springs offers a very different feeling from most communities in Central Oregon. This gated community, now thoughtfully expanding into its second phase of development, sits just south of Sunriver and is surrounded by forest, water, and preserved open space. From the moment you enter, it feels intentionally quiet and deeply connected to nature.
For many homeowners, Caldera Springs feels less like a neighborhood and more like a private retreat—one that still functions beautifully for everyday living, full-time residency, or high-quality vacation use.
A Community Built Around Nature and Privacy
One of the first things people notice about Caldera Springs is how naturally it blends into its surroundings. Homes are built on larger, well-spaced lots, carefully tucked among mature trees to preserve privacy and serenity. Trails, lakes, and open space are not add-ons here—they are the backbone of the community’s design.
Morning walks, bike rides, or evenings on the deck feel peaceful and unhurried. The layout creates calm without isolation, and refinement without excess.
Phase One: Established, Amenity-Rich, and Proven
The original phase of Caldera Springs is centered around the community’s iconic Lake House, which includes:
- A well-regarded restaurant and gathering space
- A resort-style pool and lakefront access
- Pickleball courts and recreation amenities
- A stocked fishing lake
- An on-site golf course
This phase also includes a wide range of home sizes, with many 4-, 5-, 6-, and even 7-bedroom homes, making it especially attractive for larger families, multi-generational use, or vacation rental buyers.
The Cabins
Within Phase One are the highly popular Cabins, which are required to participate in the community rental program for 38 weeks per year. These properties have historically performed very well in rental income, making them appealing for buyers who want both personal enjoyment and strong income potential.
Phase Two: Contemporary Comfort Meets Woodsy Design
The second phase of Caldera Springs continues the community’s nature-first philosophy while introducing more contemporary interior design and updated amenities.
Aquatics Center
Phase Two is anchored by a large, modern aquatics center, offering expanded pool and recreation options that complement the quieter lake-focused experience of Phase One.
Custom Homes
Homes in this phase maintain the same forest-integrated feel on the exterior, while interiors lean more modern, well-appointed, and refined. The result is a balance of rustic surroundings and elevated, comfortable living.
Forestbrook Homes
A standout option in Phase Two is the Forestbrook residences, which—like the Cabins—require 38 weeks per year in the rental program. These are particularly unique because they feature a primary home and a separate studio, each of which can be rented independently. This flexibility is especially attractive for owners seeking diversified rental use without sacrificing personal enjoyment.
New Lake Homes
Construction has recently begun on lakefront homes around the smaller lake in Phase Two, adding a new layer of inventory that blends water access with the newer phase’s design and amenities.
Full-Time Living, Second Homes, and Vacation Rentals
Caldera Springs works exceptionally well as a full-time residence, offering privacy, security, and year-round livability. At the same time, it remains one of Central Oregon’s most sought-after vacation rental communities.
Its proximity to Sunriver, Mt. Bachelor, rivers, lakes, and the Cascade Lakes Highway makes it ideal for seasonal visitors, while the community’s management, amenities, and design support a true lock-and-leave lifestyle.
Connected to Everything That Matters
Despite its secluded feel, Caldera Springs is minutes from Sunriver’s dining and shopping, and a short drive to Bend’s healthcare, events, and cultural life. Skiing, biking, paddleboarding, fishing, and hiking are all close at hand, in every season.
A Lifestyle That Feels Grounded and Elevated
People choose Caldera Springs not for flash, but for balance. It offers refined living without crowds, privacy without isolation, and a sense of care that carries into daily life.
Whether you are looking for a peaceful primary residence, a retreat-style second home, or a high-quality vacation rental investment, Caldera Springs stands apart as a community built with intention—and designed to age beautifully over time.