New homes in Franklin, VA at Riverwood Estates are Now Selling! Affordability in the heart of Franklin. Riverwood is an established community offering new homes with 4+ bedroom homes and 2.5-3 bath, ranging from traditional 2-story homes to one level homes. An incredible opportunity to have new construction with granite countertops and spacious open floorplans. With a national builder constructing your home look at the value of warranties that are offered when you purchase a home with D.R. Horton. Riverwood is also agreeable to all of Franklins conveniences and just 30 mins from Suffolk and 45mins from Norfolk. Commute with ease and the reassurance your purchase was cost effective with the location feel of a tranquil and family oriented community. We can't wait to welcome you home to Riverwood Estates!