Yes, TEAKWOOD is a Scrabble word!

Letter values in Scrabble US: T 1, E 1, A 1, K 5, W 4, O 1, O 1, D 2.

Is it a valid word?

TEAKWOOD is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

hard strong durable yellowish-brown wood of teak trees; resistant to insects and to warping; used for furniture and in shipbuilding