Gated community

Riverwood is a golf course community that is gated and deed restricted. It consists of 29 unique neighborhoods with 1323 homes situated on approximately 1300 acres of preserves, lakes, ponds, and the Riverwood Golf Course. The community offers various types of homes, including single-family homes, estate homes, villas, and condominiums.

The Gene Bates-designed par 72 Championship Golf Course is a 4.5-star facility with 18 holes, and it is privately owned, open to the public, and available for memberships. The restaurant on the premises is open every day to residents and golfers, while evening events are exclusive to members only.

Riverwood has two governing entities: The Riverwood Community Association (RCA) and The Riverwood Community Development District (RCDD). Both entities serve different but complementary functions. The RCA is a private, non-profit corporation responsible for the day-to-day management of Riverwood, while the RCDD is a local government agency responsible for infrastructure.

The RCA ensures that the community's Covenants, By-laws, and Regulations are administered consistently throughout Riverwood and provides community oversight in accordance with Chapter 720 of Florida State Statutes. A five-member Board of Directors manages it, each of whom is elected to a three-year term of service by the homeowners of Riverwood. The RCA employs a Community Association Manager who directs a staff of paid employees to perform the day-to-day operation. The RCA is funded by assessments that are paid quarterly, and landscape services are an additional assessment if the RCA maintains the neighborhood.

The RCDD is governed by a five-member Board of Supervisors elected for a 4-year term during the general election by Florida voter residents in Riverwood, in accordance with Chapter 190 of the Florida State Statutes. The RCDD owns the Activity Center Campus Buildings and amenities, water lines, sewer treatment facility, wastewater treatment facility, dog park, RV and boat parking area, and the Beach Club. The RCDD is funded through the Charlotte County Property Tax Bill tax assessments, while the water and sewer are billed separately.