Believe it or not but there are some brand new construction homes in Ladera Ranch. The homes are located in the gated community of Covenant Hills. The homes are all large custom estate style homes with large lots. Covenant Hills is the only place left in Ladera Ranch where you can buy vacant land in order to build custom homes. If you're looking to build a custom home then home plans need to be approved by the Covenant Hills home owners association as well as the city. Plans can only be approved once the land is already purchased. The process once the land is owned can take about 6 - 9 months for plan approval, then building can begin after that. So if you're looking to move into a home that's never been lived in the much faster option is to buy a new custom home that's already built. Recently, home builder William Lyon announced plans to build 14 custom homes in the Covenant Hills area of Ladera Ranch. So far one of these new homes is completely built and is available for previewing. The rest of the homes are in various stages of construction.