Private coastal DOWNTOWN compound — just two blocks from the sand and one block from everything Laguna has to offer. Set on an oversized FLAT 6,000SF R2 lot with rare street-to-alley access, this reimagined coastal retreat offers space, charm, and a peaceful, amenity filled flat back yard for entertaining before walking to your favorite promenade restaurants. The single-level main home has been fully remodeled in 2025 with care and intention, blending modern comforts with timeless character. New electrical, plumbing, HVAC, and roof; no detail was overlooked. Inside, you'll find 3 bedrooms and 2 bathrooms, an open and airy layout, vaulted ceilings, and finishes that speak to the relaxed sophistication of beachside living. With your own private parking for 3 cars plus a golf cart behind the house, you can leave your car behind and walk a block down to Forest Avenue for dinner and shopping, or grab your beach chair and head to Main Beach - so many activities are at your doorstep! Outside, professionally designed landscaping and multiple outdoor living spaces make it easy to entertain, unwind, and truly live the Laguna lifestyle. With a built-in BBQ, fire-pit, and room for a pool, this lot size and configuration is nearly impossible to find in the village of Laguna Beach. Tucked at the back of the property is a brand-new, detached 408 SF ADU—perfect for guests, income, or a serene work-from-home space. The added bonus is in the upside opportunity: with R2 zoning and alley access, there’s room to expand by adding a second residence and another ADU—unlocking both significant value and impressive rental potential. Whether you're looking for a turnkey beach retreat, a multigenerational compound, or an outstanding investment opportunity—556 Through Street delivers. Note: This property can be added to the historic registry and has a strong potential for Mills Act approval - meaning up to a 60% reduction in property taxes! Book a tour today before it's gone!