Fabulous mini-compound in the heart of Laguna Beach! Situated on an oversized 6,000 SF R2 street-to-alley lot, just 2 blocks to the sand and 1 block to downtown Laguna, this beautifully reimagined coastal gem offers the perfect blend of charm, space, and flexibility. Every part of the main house and landscape has been completely remodeled in 2025! The single-level main residence features 3 bedrooms and 2 full baths, thoughtfully updated for modern living while honoring its original character. At the rear of the property, a brand-new 408 SF detached ADU provides incredible flexibility—perfect as a guest house, rental unit, or private office. But what truly sets this property apart is the potential: with R2 zoning and rear alley access, you can keep the home as-is, or add a second full residence + another ADU to significantly increase its value and rental income. Expansive, professionally designed outdoor spaces invite you to relax, entertain, and fully enjoy the Laguna lifestyle. Whether you're looking for a turnkey beach retreat, a multigenerational compound, or an outstanding investment opportunity—556 Through Street delivers. Come see it before it’s gone!