Just a few days ago, we featured a project-grade BMW Z3 M Coupe that went for peanuts on eBay. Much of that low price had to do with the fact that the car had been sitting for years in the Florida sunshine and the seller disclosed a number of issues. None of them were insurmountable but they certainly had a chilling effect on bidding. This 1999 Z3 M Coupe listed here on Facebook Marketplace is a different car, however, clad in desirable Estoril Blue paint and in well-maintained condition with no evidence of being left to rot in the southern sun. The seller is asking $32,500 and the car is located in Lakeville, CT.

The M Coupe market is one that I’m paying attention to as of late, no doubt helped by the fact that I own a 2001 model equipped with the desirable S54 inline-six. It’s a funny car: produced in limited numbers, a lot of enthusiasts don’t even know what it is. When I bring mine to Cars and Coffee, it gets a few looks but no one really knows what to make of it. You either love the shape or you don’t, which is called a “Clown Shoe” for obvious reasons. It does have the markings of a sports car, however, with its huge, flared fenders, staggered wheels, limited-slip differential, and an M3 powerplant.

It’s also a true two-seater, with nicely bolstered sport bucket seats. The interior is another way to determine if you own a truly rare example, owing to the myriad color combinations you could order that impacted the seat bolsters and trim around the center console. I’m surprised to see this one not with matching Estoril Blue finishes but a standard black interior, as many first owners would spec their cars with the wild color combos. Still, many potential suitors may prefer the more subdued black leather interior this car has. You’ll note some upgrades like the European-market steering wheel and a short-shift kit.

The 1999 Z3 M Coupe comes with the S52 inline-six, plucked from the late-production E36 M3. These were torque-rich engines that love to sing, and available upgrades are numerous. The seller has made some of these improvements, like an S50 manifold conversion and a front strut bar. With the car coming from the Pacific Northwest and only being used in summer months, it seems likely that it remains in rust-free condition, and the seller notes that the fragile rear subframe is in good shape with no signs of cracking. The price is a bit high for an S52 car, but the rare color and condition are two strong reasons to give this rare M Coupe a look.