Riverwood

Riverwood

Located in Jefferson County

$784,555 Average Value
$227 Average Price per Sq Ft

Family-friendly Lousiville living with historical appeal

Next door to the historic Locust Grove farm, Riverwood, Kentucky offers its residents close access to the Ohio River, great restaurants and several historic Louisville landmarks. First built in the 1950s, this "Sought-after and family-friendly neighborhood mixes a convenient proximity to downtown with a nice sense of peace and quiet at home," says Joanne Owen, the top Realtor at Kentucky Select Properties. Even though Riverwood is less than seven miles from the heart of Louisville, "Its homes are spread out and spacious. Lots aren't jammed together like some newer developments," says Owen. She explains that this makes it easy to enjoy the natural beauty around the neighborhood, stating that, just beyond the neighborhood, residents can cruise along River Road to take in peaceful views of barges slowly going down the Ohio River and serene bridges going across the water to Indiana. The area is "Perfectly beautiful," Owen says, continuing that "Because Louisville is built right along the Falls of the Ohio River, it's full of rolling hills, big stone cliffs and open grassy fields." And, with the historic residence of Louisville's founder at the mouth of the neighborhood, Riverwood residents get a unique historic and natural look into the city while still having a cornucopia of food and entertainment waiting in The Possibility City just minutes away.

The Riverwood neighborhood was first built in the early 1950's.
The Riverwood neighborhood was first built in the early 1950's.
The lots in Riverwood are spread out for residents to enjoy privacy.
The lots in Riverwood are spread out for residents to enjoy privacy.
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Midcentury Riverwood homes with quality brick construction

Up in the rolling hills above the Ohio River, Riverwood is full of mature oak trees that shade well-cared-for and spacious lawns. Along sloping and winding residential streets, homes in the neighborhood tend to feature midcentury brick construction and quarter to half-acre lots. With these generous amenities, homes in Riverwood also come with a higher price tag. The average sales price for the neighborhood of about $686,000 is more than twice as high as that of surrounding Jefferson County. Traditional suburban-style homes with side garages and driveways can sell anywhere from $490,000 to $600,000 dollars, while classical revival homes with up to 3,000 square feet range from about $520,000 to $830,000 dollars.

There are wide streets and no sidewalks in the Riverwood neighborhood.
There are wide streets and no sidewalks in the Riverwood neighborhood.
This is a brick faced colonial revival home in the Riverwood neighborhood.
This is a brick faced colonial revival home in the Riverwood neighborhood.
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Jefferson County schooling close to home

Students in the neighborhood can attend Jefferson County public schools like Dunn Elementary, which receives a B-plus rating on Niche. Other nearby schools include Kammerer Middle, which receives a C-plus, and Ballard High, which earns an A grade according to Niche. Ballard High is part of the Academies of Louisville program, which gives students the opportunity to work with major businesses like UPS to gain real-world experience. Academy options include Media Arts, STEM and Business Services.

Dunn Elementary School is located in the Indian Hills neighborhood of Louisville.
Dunn Elementary School is located in the Indian Hills neighborhood of Louisville.
Kammerer Middle School has 720 students in grades 6-8.
Kammerer Middle School has 720 students in grades 6-8.
Ballard High School scored an overall  A on niche.com.
Ballard High School scored an overall A on niche.com.
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Heading outdoors in Louisville parks

Riverwood residents have plenty of options for getting active outdoors, some right in the neighborhood. Riverwood Park for example, has a small playset and an open field for residents to have fun on, while Locust Grove offers 55 acres for residents to explore alone or with their pooches. About 3 miles away on Interstate 71, the 53-acre Thurman Hutchins Park preserves natural wetlands and woodlands. Visitors can walk along winding trails, fish on the pier, sit by the lake or enjoy the ball and soccer fields. Meanwhile, the 51-acre Carrie Gaulbert Cox Park has beautiful views of the Ohio River with access to boat docks and a playground. Close by, the Louisville Country Club is another option for those looking to practice their golf swings. The club offers its members access to an 18-hole golf course, a swimming pool and tennis courts.

Thurman Hutchins Park offer Riverwood residents an afternoon of fishing in the pond.
Thurman Hutchins Park offer Riverwood residents an afternoon of fishing in the pond.
Riverwood residents can enjoy a walk around the pond at Thurman Hutchins park.
Riverwood residents can enjoy a walk around the pond at Thurman Hutchins park.
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Shopping and dining just off River Road

Although Riverwood has no restaurants or shopping in dining in the neighborhood, there's a "Plethora of wonderful restaurants within a 10-mile radius," says Owen. Notable restaurants in the area include the River House Restaurant and Raw Bar, which serves fresh seafood with a pinch of Southern sensibility right on the shores of the Ohio River. Make sure to order their essential Maker’s 46® Barrel Plank-Smoked Salmon. Another option just off River Road is The Pine Room, which serves an eclectic menu with dishes like Pappardelle Pasta, empanadas and mushroom tacos. Less than a mile away, residents can gaze up at the Louisville Water Tower, the oldest water tower in the United States. Take Route 42 towards the Holiday Manor Shopping Center and visit Louisville chain restaurant Con Huevos!, which serves Mexican brunch. Nearby, at the Fresh Market grocery store, residents can dine in at Anoosh Bistro before picking up some groceries for the week. Anoosh Bistro's highlight is New American cuisine, so patrons often enjoy ordering dishes like the Beef Short Rib, served with Yukon gold-whipped potatoes, grilled asparagus and optional wine.

Riverwood residents can order their favorite lunch items at Haymarket.
Riverwood residents can order their favorite lunch items at Haymarket.
Riverwood residents enjoy dining outside to view the Ohio river at River House.
Riverwood residents enjoy dining outside to view the Ohio river at River House.
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Getting around Greater Louisville

"Getting around Louisville is easy," says Owens, explaining that "Riverwood residents can get to their downtown office in just eight minutes, and I'm talking from their house to their desk." Located just seven miles northeast of the city, a "Great system of expressways and interstates" ensures that travel is fast and efficient, says Owens, explaining that "We don't get much traffic around here." Interstate 71 takes residents right into the city and also connects to Interstate 65, which takes residents south toward the Louisville International Airport. In the case of a medical emergency, residents can find Norton Hospital right downtown off of I-71.

The Muhammad Ali International Airport is located 10 minutes from Riverwood.
The Muhammad Ali International Airport is located 10 minutes from Riverwood.
Riverwood residents have easy access to I-264 and I-71 for commuting around Louisville.
Riverwood residents have easy access to I-264 and I-71 for commuting around Louisville.
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Learning history at Locust Grove

In addition to the historic home of the 12th U.S. President, Zachary Taylor, located about two miles away, Riverwood is right next to Locust Grove, the home of Louisville’s founder George Rogers Clark. One piece of history visitors will learn upon visiting the 18th-century farm and Georgian mansion is that the famous explorers Meriwether Lewis and William Clark, George Rogers Clark’s younger brother, visited Locust Grove after their expedition.
Just minutes from most residents' homes, visitors can participate in events like Antiques Market & Fall on the Farm, where they can buy vintage jewelry, China teapots and other antiques. Other events include the Gardeners' Fair, a botanical paradise with plenty of plants for sale, as well as various historical lectures and even Revolutionary War reenactments.

Locust Grove in Riverwood was built circa 1792 by William and Lucy Clark Croghan.
Locust Grove in Riverwood was built circa 1792 by William and Lucy Clark Croghan.
Locust Grove was home to General George Rogers Clark in his later years before his death.
Locust Grove was home to General George Rogers Clark in his later years before his death.
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Fun Louisville events on the Ohio River

In this small residential community, tradition is important. Every Fourth of July, residents get out their red, white and blue for a celebratory parade. Weeks before the Kentucky Derby Thunder Over Louisville is another popular event that kicks off Louisville's race season, with an airshow and fireworks that can be seen over the Ohio River. For another time-honored tradition, hop on the Belle of Louisville and travel back in time with a lunch or dinner cruise aboard this vintage river boat.

Residents of Riverwood can enjoy the yearly Thunder Over Louisville in downtown Louisville.
Residents of Riverwood can enjoy the yearly Thunder Over Louisville in downtown Louisville.
Thunder Over Louisville is the nations largest fireworks display.
Thunder Over Louisville is the nations largest fireworks display.
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Dale Rushing
Photography Contributed By
Dale Rushing
Nathan Allen
Video By
Nathan Allen

Interested in learning more about homes in this area? Reach out to Greg Taylor, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Riverwood Housing Trends

Housing Trends

Median List Price
$650,000
Median Sale Price
$640,000
Median Single Family Sale Price
$640,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
4
Median Home Sale Price YoY Change
-$38
Average Price Per Sq Ft
$227

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Riverwood Has More Owners

Demographics

Total Population
418
Median Age
51
Population under 18
21.8%
On par with the national average
23.8%
Population over 65
30.9%
Above the national average
19.1%

Finances

Median Household Income
$229,167
Significantly above the national average
$71,702
Average Household Income
$223,390

Education and Workforce

High School Graduates
99.7%
College Graduates
82.2%
Significantly above the national average
34.1%
Advanced Degrees
44.9%
Significantly above the national average
13.3%
% Population in Labor Force
64.2%

Weather

Annual Precipitation
49''
Average Winter Low Temperature
27°F
Average Summer High Temperature
88°F
Annual Snowfall
11''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Riverwood