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Dollar Giant founder’s spectacular beachfront home listed at $17M (PHOTOS)

The Russell Hollingsworth-designed West Vancouver home of Dollar Giant co-founder Joe Calvano has been listed for $16,998,000.

 This Russell Hollingsworth-designed house in West Vancouver was listed April 11, 2019 for $16,998,000. Listing agent: Eric ChristiansenThis Russell Hollingsworth-designed house in West Vancouver was listed April 11, 2019 for $16,998,000. Listing agent: Eric Christiansen

The Russell Hollingsworth-designed West Vancouver home of Dollar Giant co-founder Joe Calvano has been listed for $16,998,000.

The home is located on the coastline-hugging Bellevue Avenue in the exclusive Altamont neighbourhood, close to chi-chi Dundarave Village. It has more than 4,000 square feet of luxurious interior living space, including four bedrooms, all with ensuite bathrooms.

There’s an open-concept, split-level great room with spectacular water views that includes a living room, dining room, family room and custom Snaidero kitchen, plus there’s a media room and a glass-walled wine room. Upstairs, the master bedroom has a huge dressing room and ensuite bathroom, plus walk-out deck.

The home has characteristics of its architect’s West Coast Modern design signature, such as a water feature, glass entrance doors, exposed interior stone cladding in several rooms, frameless corner windows and floor-to-ceiling window walls. It also has a Lutron smart-home system with sound and power blinds throughout the home.

 The open-concept great room includes a split-level living and dining area with a stone-clad fireplace and views out to the ocean. Listing agent: Eric ChristiansenThe open-concept great room includes a split-level living and dining area with a stone-clad fireplace and views out to the ocean. Listing agent: Eric Christiansen

Outside, the near-12,000-square-foot lot has a waterfront terrace with basalt paving and outdoor living and dining areas, and terraced gardens down to the beach.

 There's plenty of south-west-facing, ocean-view living and dining space on the terrace. Listing agent: Eric ChristiansenThere’s plenty of south-west-facing, ocean-view living and dining space on the terrace. Listing agent: Eric Christiansen

Records show the home’s owner is Joe Calvano, who co-founded dollar store chain Dollar Giant at the age of 47 in the early 2000s, and sold it to Dollar Tree Inc. in 2010 for $62 million, according to Business in Vancouver’s profile. Calvano and his two partners paid off $10 million in debt and split the remaining $52 million three ways.

The West Vancouver property was assessed in July 2018 at $10,824,000, down from the previous year’s $12,785,000. Records show that the home was purchased in 2016 after its construction for $13 million. The previous 1975-built house on the property was sold for $5.9 million in 2006. Property taxes on the home in 2018 were $29,705.

For more images of this luxurious listing, scroll below.

 The Snaidero kitchen has custom cabinetry and a huge island with waterfall countertop. Listing agent: Eric ChristiansenThe Snaidero kitchen has custom cabinetry and a huge island with waterfall countertop. Listing agent: Eric Christiansen

 Opposite the kitchen and to the right of the living area is an additional family room. Listing agent: Eric ChristiansenOpposite the kitchen and to the right of the living area is an additional family room. Listing agent: Eric Christiansen

 This home's sexy entrance foyer shows off a number of typical Hollingsworth features, such as an exposed interior stone wall and lots of glass. Listing agent: Eric ChristiansenThis home’s sexy entrance foyer shows off a number of typical Hollingsworth features, such as an exposed interior stone wall and lots of glass. Listing agent: Eric Christiansen

 The master bedroom has a walk-out terrace with epic water views, plus another of those stone fireplaces. Listing agent: Eric ChristiansenThe master bedroom has a walk-out terrace with epic water views, plus another of those stone fireplaces. Listing agent: Eric Christiansen

 There's a lot of serene white and grey in this home, but it's broken by a pop of magenta to brighten the spacious master bathroom. Listing agent: Eric ChristiansenThere’s a lot of serene white and grey in this home, but it’s broken by a pop of magenta to brighten the spacious master bathroom. Listing agent: Eric Christiansen

 The master suite also boasts this fabulous dressing room with custom cabinetry. Listing agent: Eric ChristiansenThe master suite also boasts this fabulous dressing room with custom cabinetry. Listing agent: Eric Christiansen

 Having a media room as well as a family room sure avoids those fights over which movie to watch. Listing agent: Eric ChristiansenHaving a media room as well as a family room sure avoids those fights over which movie to watch. Listing agent: Eric Christiansen

 The home comes with obligatory temperature-controlled glass wine room. Listing agent: Eric ChristiansenThe home comes with obligatory temperature-controlled glass wine room. Listing agent: Eric Christiansen

 Who needs a pool when you can just walk right into the water from your garden? Listing agent: Eric ChristiansenWho needs a pool when you can just walk right into the water from your garden? Listing agent: Eric Christiansen