Maryland Gov. Larry Hogan and his wife, Yumi Hogan, have spent $1.1 million on Davidsonville mansion for their post-Government House life.
The Hogans closed in January on a 5,600-square foot home on 5.9 acres, according to state property records.
“The governor and the first lady look forward to staying in Anne Arundel County after he leaves office,” Shareese Churchill, a spokeswoman for the Republican governor, said Tuesday.
Hogan’s second term ends in January 2023, and state law bars him from seeking another four years in office as governor. He’s been floated as a potential candidate for U.S. Senate in 2022 or the presidency in 2024. Hogan has not committed to a run for higher office, but has not closed the door on the idea.
His new house was custom built in 1993, according to its listing. It features five bedrooms and three-and-a-half baths, a two-car attached garage and a two-car detached garage. It was listed initially for $1.395 million in November. For the chilly months, the house has heated floors throughout, as well as three fireplaces. The kitchen has granite counters and stainless steel appliances, including two dishwashers and two ovens.
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The governor previously owned a three-bedroom condominium on Dorchester Street in Ocean City, according to his past annual financial disclosure statements. He no longer owns that property, Churchill said Tuesday.
Real estate records show Hogan sold the condo for $620,000 in December. He bought it in 2008 for $584,375, records show.
Hogan earns an annual salary of $180,000 as governor, along with benefits that include free housing at Government House — the governor’s mansion across the street from the State House — in Annapolis. Yumi Hogan, an artist and teacher, has been an adjunct faculty member of the Maryland Institute College of Art in Baltimore, but her earnings are not reported on the financial disclosure statements.
The net worth of the Hogans is unknown. Hogan had a career in real estate and development before becoming governor.
Since 2015, a trust has overseen the governor’s business assets, while his brother, Timothy Hogan, handles the day-to-day affairs of the Hogan Cos. While Hogan is not directly involved in management decisions, he can receive updates from the trust.
The Hogans’ purchase of the Davidsonville property was reported Monday by the Baltimore Business Journal.