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Lendlease CEO Tony Lombardo sells $13m Elizabeth Bay mansion

Bonnie Campbell

Good things come to those who wait – at least that has been the case for Lendlease CEO Tony Lombardo and his wife, lawyer May Chen, who have just sold their Elizabeth Bay mansion in Sydney’s eastern suburbs for $13 million.

The sale of the circa 1892-built mansion concludes a seven-month campaign to sell what is considered one of the suburb’s best residences. The home, called Keadue, first joined the market in August last year with a price guide of $11.5 million. The sold sticker has now gone up on the arts and craft-style mansion for that amount – and then some.

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Bonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com

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    Original URL: https://www.afr.com/property/residential/lendlease-ceo-tony-lombardo-sells-13m-elizabeth-bay-mansion-20250319-p5lky0