Just Sold: Riverwood Estates Home Prices
See recently sold MLS® listings in Riverwood Estates. Browse sold prices and find out how much homes actually sell for.
Homes sold (last 365 days)
5
Median sold price
$770,000
Average time to sell
23 days
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Riverwood Estates Sold Data Overview
Over the past 2 years, 5 homes have sold in Riverwood Estates, Diamond Valley, with a median sold price of $770K. Sale prices have ranged from $685K to $883K. The typical home sells in 22 days, showing a balanced market. Homes are selling at 99.1% of their list price — very close to asking price. Median property taxes in the area run approximately $5,134 annually. The most common property types sold include Detached (5).
5 Recently Sold Homes in Riverwood Estates (Last 365 days • Updated February 24, 2026 at 7:54 PM)
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$883,000
Oct 30, 2025Address hidden
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$799,900
Aug 5, 2025Address hidden
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$705,500
May 3, 2025Address hidden
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$685,000
Apr 12, 2025Address hidden
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$770,000
Feb 28, 2025Address hidden
Sold Data & Market Statistics for Riverwood Estates
Understand pricing, negotiation leverage, and market velocity based on recent sales.
$770,000
Avg: $768,680
Range: $685,000 – $883,000
99.1%
Homes selling near asking
19 days
$572
5 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(5 months)Negotiation & Cost Insights
Sold Above Asking
0%
80% sold below
Median Property Tax
$5,134/yr
Avg: $4,726
Home Size Range
1,266 – 1,409
sq ft
Price Spread
±$70,767
standard deviation
5
Homes sold (last 2 years)
4
Currently for sale
—
Months of Inventory (MOI)
—
Absorption Rate (30d)
0
New in February 2026
0 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $0 vs $0 (0.0%)
Riverwood Estates vs Diamond Valley
Riverwood Estates median sold price
$770,000
5 sold in last 365 days
Diamond Valley median sold price
$532,500
5 sold in last 30 days
Neighbourhood Guide: Riverwood Estates, Diamond Valley
Neighbourhood Overview
Riverwood Estates is a premium single-family home community located in the picturesque town of Diamond Valley, Alberta. Originally developed by Woodmaster Homes Ltd. alongside various custom builders, the neighbourhood is highly sought after for its blend of small-town charm and modern conveniences. With the majestic Rocky Mountains as a backdrop and the Sheep River nearby, the community offers a peaceful retreat that is only a 35 to 40-minute drive from Calgary. The local real estate market is exclusive, with 4 active listings and 5 homes sold over the past year.
Location
Situated on the Black Diamond side of the newly amalgamated town of Diamond Valley, Riverwood Estates enjoys a prime location in the scenic Alberta foothills. The neighbourhood is located just off the historic Cowboy Trail (Highway 22), providing excellent regional connectivity. Residents benefit from being within walking distance of the town centre, while also acting as a gateway to Kananaskis Country and Sheep River Provincial Park.
Housing Character
The housing landscape in Riverwood Estates is defined by premium, detached single-family homes. The architectural style heavily features modern custom-built bungalows and two-storey layouts with high-end finishes such as vaulted ceilings, luxury vinyl plank flooring, quartz countertops, and spacious attached double garages. Lots are designed for low-maintenance living while maximizing outdoor space and mountain views. The neighbourhood commands a strong market presence, characterized by a median sold price of $770,000 and properties averaging 19 days on the market.
Schools & Education
Families in Riverwood Estates have access to quality education through the Foothills School Division and Christ the Redeemer Catholic Schools. Local public options include C. Ian McLaren School for elementary students (K-6) and Oilfields High School for grades 7-12, which is celebrated for its innovative sustainability programs and vertical farming initiatives. French immersion, Catholic, and private school options are also accessible in nearby Okotoks or via regional commuting.
Transit & Access
As a rural foothills community, Riverwood Estates is largely car-dependent. Commuters rely on Highway 22 for north-south travel towards Calgary or Crowsnest Pass, and Highway 7 for quick access east to Okotoks. For those needing local public transportation, the town operates the Sheep River Shuttle, an accessible, on-demand community shuttle that runs two days a week and provides regional connections to shopping and services in Okotoks.
Shopping & Dining
Residents of Riverwood Estates are a short walk or drive away from the charming commercial core of Diamond Valley. The town features a vibrant selection of unique local shops, grocery stores, cozy cafes, and classic pubs. The area is well-known for its small-town hospitality, and residents can easily access the celebrated Eau Claire Distillery and renowned local eateries in the neighboring Turner Valley district.
Parks & Recreation
Outdoor recreation is a cornerstone of life in Riverwood Estates. The neighbourhood features beautiful local walking paths and immediate access to the Sheep River, perfect for morning strolls and nature watching. Residents also enjoy close proximity to local golf courses, community spray parks, and the sprawling wilderness of Sheep River Provincial Park and Kananaskis Country, offering endless hiking, fishing, and equestrian opportunities.
Lifestyle & Community
Living in Riverwood Estates provides a tranquil, premium lifestyle tailored for those who want to escape the hustle of the big city without sacrificing modern amenities. It attracts a mix of professionals, families, and retirees looking for a strong sense of community, eco-conscious local initiatives, and immediate access to Alberta's natural beauty. With an average sold price of $768,680, the neighbourhood reflects an upscale yet laid-back rural living experience.
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Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on February 25, 2026 at 7:00 pm (America/Edmonton)
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