The Riverwoods neighborhood is located on the southeast side of Chaska just east of downtown. Riverwoods is made up of both older and newer homes offering a family friendly environment and great neighbors. Riverwoods boasts 120 single family homes, 34 townhomes, and neighborhood park featuring rambler, bungalow, tudor, cottage, and victorian housing styles. Riverwoods has much to offer including great housing, family friendly environment, and excellent location.

Residents of Riverwoods are within close proximity to some of the top amenities within the City of Chaska. Riverwoods is located less than a mile from downtown Chaska, offering some of the top shopping, dining, and entertainment options within Chaska. Other amenities in the area include Firemans Park, Chaska Community Center, Chaska Commons Shopping Center, Hazeltine National Golf Club, Two Twelve Medical Center, and Lions Park.

Residents within the Riverwoods neighborhood are served by Independent School District 112 also known as Eastern Carver County Schools. Eastern Carver County Schools seeks to provide students with a personalized learning experience designed to help each student succeed. One of the closest schools to Riverwoods is Chaska Middle School West. Located 1.5 miles north of Riverwoods, Chaska Middle School West serves 740 students in 6th-8th grade with a student teacher ratio of 16.1. Other schools in the area include Chaska Elementary School, Pioneer Ridge Middle School, Chaska High School, and Southwest Christian High School.