Windfall Farms may one day be to Paso Robles what Montecito is to Santa Barbara — an enclave for millionaire retirees and the weekend wealthy. But the San Luis Obispo County version has a few extra country charms thrown in, like alfalfa fields, grazing cattle, wine grapes and Kentucky-style horse facilities.

The 724-acre Windfall Farms property outside of Paso Robles is a former equine breeding and training facility now being developed by Limoneira Co. as a high-end, master-planned community. Limoneira plans to divide the property into 76 individual 10-acre estates.

Limoneira and outside observers say Windfall Farms could be significant for Paso Robles, which is still riding the wave of its wine country explosion. “[Windfall] is a major development. It seems like it’s going to be a good thing for the area,” said Frank Mecham, chairman of the San Luis Obispo County Board of Supervisors and Paso Robles’ former mayor.

The full version of this article is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.