In a baking dish (I like cast iron best) put butter into the baking dish. Put the dish into the oven while it preheats to 350℉ and let the butter melt as the dish warms up. Letting the butter brown takes the pancakes to the next level.
Mix remaining batter ingredients with a whisk or an immersion blender.
Pour the batter into the hot pan with the melted butter and bake for 15-20 minutes.
To make the caramel sauce, cook together the sugar, milk, butter, maple syrup, and baking soda until melted. Simmer for 17 minutes. Remove from heat. Add vanilla.