Welcome to Caldera Springs
WHERE FOREST AND WATER COME FIRST
Caldera Springs was born from the legacy of Sunriver, carrying that Central Oregon resort tradition into a newer community shaped by forest, water, and year-round recreation. Set across more than 1,000 acres of ponderosa pine forest near Sunriver and Mt. Bachelor, the community blends newer luxury homes and cabin-style residences with lakes and streams, miles of trails, and an extensive range of recreational amenities.
Why Choose Caldera Springs?
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Private Lakes — Obsidian and Trailmere lakes, open for paddling, fishing, and gathering
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Miles of Trails — more than 13 miles of paved and soft trails through the forest
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A Distinctive Resort Lifestyle — newer homes and larger homesites woven through forest, lakes, trails, and open space.
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Golf Close to Home — the on-site Caldera Links course, plus reciprocal access nearby
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Modern Mountain Architecture — custom homes on oversized, forested homesites
Amenities
Golf
Caldera Links, a nine-hole course designed by Robert E. Cupp
Pickelball & Tennis
Courts designed for casual play, friendly competition, and time outdoors.
Dining
Lake House, Shore Shack, and Piney’s offer convenient places to dine and gather within the community.
Wellness
Quarry Pool, a fitness center, and private hot tubs
Dog Park
A dedicated space for four-legged residents to run, play, and socialize.
Parks & Lake Recreation
Neighborhood parks plus Obsidian and Trailmere lakes for paddling, fishing, and time outdoors.
Trails
More than 13 miles of paved and soft trails through the forest
Homes
Custom mountain-modern architecture on oversized, forested homesites
Location
Caldera Springs sits adjacent to Sunriver, close enough to enjoy the Village and broader resort amenities in minutes, while maintaining its own distinctive identity shaped by forest, water, trails, and newer resort-style living.
Fun Fact
Why It’s Called Caldera Springs: Caldera Springs takes its name from the volcanic geology of the surrounding region — the massive Newberry Caldera lies to the southeast, part of the volcanic landscape that shaped Central Oregon and produced the region’s remarkable obsidian deposits. That history echoes right in the community itself: Obsidian Lake is named for the natural glass formed by the region's ancient lava flows.​
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Learn more about Newberry Volcano​
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Photo: The view from the top of Paulina Peak takes in the enormity of the crater, including East and Paulina lakes and the Big Obsidian Flow, with the Cascades in the distance. Photo by Kelly vanDellen / Alamy Stock Photo
Own a Home in
Caldera Springs?
If you are considering selling a home in Caldera Springs, The Jones Group can help you understand its position in the current Central Oregon resort real estate market. We provide local insight into pricing, buyer demand, property presentation, and marketing to help you plan your next step with confidence.
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Live Elevated at Caldera Springs
For buyers drawn to Central Oregon's forested, water-and-trail lifestyle more than a golf-first community, Caldera Springs offers a quieter, more natural alternative — without giving up proximity to everything Sunriver has to offer.