A 3-bedroom home in Riverside. First three months free.
A 1,440 sq ft, 3-bedroom, 2-bathroom single family home in Jacksonville’s Riverside community — interior renovation complete, exterior work being finalized. The selected renter lives rent-free for the first three months. After that, rent is $2,300/month — and once the community reaches 100%, rent drops to operating costs only, approximately $1,100/month. No profit margin.
A 1,440 sq ft, 3-bedroom, 2-bathroom single family home in Jacksonville’s Riverside community. The interior renovation is complete and exterior work is being finalized; the home will be ready for the selected pilot renter once exterior work wraps. As significant property decisions arise — ongoing maintenance, repairs, upgrades, and other community-relevant choices — pilot buyers participate through Nestmarket’s built-in voting system.
- 1,440 sq ft, 3BR / 2BA single family — Riverside, Jacksonville, FL
- Interior renovation complete; exterior work in progress
- First 3 months rent-free; then $2,300/mo, dropping to ~$1,100/mo at 100%
- Walking distance to parks, shops, restaurants, and the river
Downtown Riverside is one of Jacksonville’s oldest and most desirable neighborhoods, known for its tree-lined streets, historic architecture, and strong sense of community.
- Walkable to Five Points, Riverside Arts Market, and Memorial Park
- Close to downtown Jacksonville and major employers
- Active community with local shops, cafes, and cultural events
- Access to the St. Johns River and surrounding green spaces
What makes this different
The selected renter pays no rent for the first three months — a Nestmarket pilot commitment. After that, rent is $2,300/month. Once the community reaches 100% sell-out and the mortgage is eliminated, rent drops to the operating-costs-only mechanism (taxes, insurance, maintenance, reserves) — approximately $1,100/month based on current estimates.
Rent is anchored to actual property costs — not to market comparables, demand, or appreciation. The mechanism is operating-costs-only; the dollar amount tracks what the property actually costs to run.
As significant property decisions arise — ongoing maintenance, repairs, and other community-relevant choices — pilot buyers participate through Nestmarket’s built-in voting system. Once the operating-costs-only rate is unlocked at 100% sell-out, it applies to future renters too — for as long as Nestmarket manages the property.
Anyone can apply to rent through the Nestmarket pilot. We give strong preference to students and to candidates serving in a public capacity — the groups most affected by rising housing costs in Jacksonville. All applicants are evaluated against standard fair-housing criteria; selection is at Nestmarket’s discretion based on the full application.
Students
Undergraduate, graduate, and trade-school students
Educators
Teachers, professors, school staff, and tutors
Military & Veterans
Active-duty service members, reservists, and veterans
Healthcare Workers
Nurses, home health aides, therapists, and medical staff
First Responders
Firefighters, EMTs, paramedics, police officers, detectives, and corrections staff
Park & Wildlife Service
Park rangers, conservation officers, and wildlife staff
This program is open to anyone seeking stable, long-term housing in Riverside. Priority goes to students and to people serving in a public capacity — educators, military and veterans, healthcare workers, first responders, and park & wildlife staff. You do not need to be in one of those groups to apply.
- Seeking stable, long-term housing in Jacksonville
- Drawn to Riverside’s walkability and character
- Committed to being part of a transparent, community-supported model
- Willing to occupy the unit personally — subleasing is not permitted
- Willing to engage with the pilot’s participation and feedback processes
- Priority given to students, educators, military, healthcare, first responders, and park & wildlife staff
- Evaluated on standard fair-housing criteria: income / employment stability, references, household compatibility with a 3-bedroom home, and rental history
Final selection is at Nestmarket’s discretion based on the completed full application.
Application process
Submit your basic profile to express interest. Takes just a few minutes. Nestmarket covers all application costs for this pilot — including third-party screening fees at every stage.
A limited number of applicants are pre-screened against standard fair-housing criteria and invited to complete the full application. Most applicants will not advance past this step.
Pre-screened applicants complete a detailed application with employment verification and references. No fee — Nestmarket covers all third-party screening costs.
From the full applications, Nestmarket selects one applicant to receive the lease offer. The selected renter has 7 days to review and accept.
Three months rent-free is a pilot commitment, not a market norm
Nestmarket is funding the first three months rent-free for the selected renter as part of this pilot. This is a one-time pilot commitment for the first selected renter of this property and does not extend to future renters of the same property.
Standard rent is $2,300/month after the rent-free period — until 100% sell-out
After the three-month rent-free period, rent is $2,300/month. This rate remains in effect until the community reaches 100% sell-out and Nestmarket takes full ownership of the property without a mortgage. Until that milestone, the $2,300/month figure is the contracted rent.
Rent drops to approximately $1,100/month at 100% sell-out — operating costs only
Once 100% of units are purchased and the mortgage is eliminated, rent is recalculated to cover only real operating costs (taxes, insurance, maintenance, and reserves) — an estimated $1,100/month at current cost levels. The exact figure tracks actual property costs and may rise or fall with them. There is no contractual percentage-below-market floor; the mechanism is operating-costs-only. This mechanism applies for as long as Nestmarket continues to manage the property, including for renters who succeed the first selected renter.
Selected renter must occupy — subleasing prohibited
The rent-free period, the $2,300/month standard rate, and the operating-costs-only rate are all conditioned on the selected renter personally occupying the home. Subleasing is prohibited for the entire tenancy. Subleasing terminates the rent-free benefit and any below-market continuation, and may terminate the lease.
Property address is disclosed only to final rent applicants
To protect the privacy of the property and its occupants, the full street address is shared only with applicants who reach the final selection stage. Public-facing materials describe the neighborhood (Riverside, Jacksonville, FL) without revealing the exact location. The same practice applies to future rental listings on the platform.
Units sold on the platform are digital participation products, not ownership
Units sold to community buyers provide access to digital participation features, including the ability to participate in community votes on significant property decisions through the platform’s voting system. They do not represent equity, rental income rights, or a promise of financial return. Housing milestones are directional objectives, not contractual guarantees.
No guaranteed acquisition timeline
There is no guaranteed timeline for full sell-out or trust formation. Nestmarket retains ownership and management control until any such milestone event. The housing model may evolve as participation grows.
For full terms, risk disclosures, and governance rules, see the Terms & Conditions and Pilot page.
Submit your application and we’ll be in touch as the selection process moves forward.