Hogan Sold Home for $1.35 Million, Documents Show
By Edward Ericson Jr.
Gov. Larry Hogan (R) quietly sold his Edgewater house last fall for $1.35 million, according to public records.
The stunning four-bedroom, five bath house on a two-acre peninsula overlooking Beard’s Creek in Anne Arundel County, had been listed at $1.6 million and is now assessed at $1.4 million. It sold to a public health researcher for Johns Hopkins and an electrical contractor, who took out a million-dollar mortgage, the records show.
Last year The Washington Post reported that Hogan took a $3,200 tax break on the property, which has been his and first lady Yumi Hogan’s primary residence since 2004. Maryland taxpayers are allowed the “homestead” property tax break on their homes, so long as they reside there for at least six months of the year.
The governor did not live there. He is required to reside in the governor’s mansion in Annapolis, but he could take the property tax break under an exception for those with “illness or need of special care.” Former Gov. Martin O’Malley (D) reportedly did the same before selling his Baltimore home during his first year as governor.
Hogan disclosed the sale in his 2017 filing with the State Ethics Commission. It was not previously reported.
The governor also owns a condominium on Dorchester Street in Ocean City. Hogan’s spokesman, Douglass Mayer, said Hogan has not yet purchased a new house, and that any profit he made on his old one — he paid $825,000 for it in 2004 but renovated it in 2007, according to public records — is exempt from capital gains taxes. He did not say whether Hogan had declared his vacation condo his “principal residence” for tax purposes.