Autoblog and Yahoo may earn commission from links in this article.BMW no longer produces a powerful, naturally-aspirated roadster with a manual gearbox—every modern Z4 is turbocharged—but this 2001 Z3 M Roadster is your opportunity to own one. With only 21,500 miles, this Z3 M has been sparingly driven, which means there's plenty of life left in the legendary S54 six-cylinder engine. Tastefully finished in Black Sapphire Metallic over a Black/Imola Red interior, this Z3 M is a nostalgic throwback to analog roadsters before complex technologies and overwrought design became common.What It's Worth Right Now2001 BMW Z3 RoadsterCars and BidsView the 3 images of this gallery on the original articleAdvertisementAdvertisementThe BMW Z3 M Roadster's market benchmark from Classic.Com is currently $22,558, based on 108 sales of the model over the last year. There's a huge variance in low ($9,001) and high ($113,972) prices over this period. Given that all Z3s are now over 20 years old, the condition and mileage of these cars significantly affects the selling price. This particular example has a chance of selling for well above the average, since its odometer reads just 21,500 miles. Another 2001 Z3 M with 24,000 miles sold for around $40,000 in April 2026 in Denver, Colorado, which shows the realistic potential selling price of the example you see here, which currently has a high bid of $22,000.Over the last year, the single Z3 M Roadster that sold for six figures was a spectacular example with just 2,094 miles; that model was sold in Munich.Related: 2001 BMW M Roadster Retro Review | The BIG engine Z3Condition and Details2001 BMW Z3 RoadsterCars and BidsView the 2 images of this gallery on the original articleAdvertisementAdvertisementThis 2001 BMW Z3 M Roadster looks quite menacing in Black Sapphire paint. The red and black interior is a throwback to older BMWs. It's a snug cockpit with classic analog gauges and simple switches for the ventilation system. The red extends all the way up to the center dashboard and center console, giving this Z3 a very sporty look.The car has a fairly long list of modifications, including a Meisterschaft cat-back exhaust, Dinan cold air intake, airflow meter kit, ECU tune, TC Kline coilovers, Randy Forbes rear subframe reinforcement kit, and Rogue Engineering Racebrace strut bar. The only known flaws posted by the seller are curb rash/scratches on the wheels, corrosion on brake discs and wheel hubs, and tires that are badly in need of replacement; the rubber currently has 2001 date codes.2001 BMW Z3 RoadsterCars and BidsView the 3 images of this gallery on the original articleThe service history mentions replacing rod bearings in 2012 and the most recent oil change was in February 2024. The current owner has only added 6,800 miles since September 2011, so the car has been standing for some time since then.AdvertisementAdvertisementThe highlight of the Z3 M is its 3.2-liter six-cylinder engine, which was also found in the E46 M3. It produces 315 horsepower and 251 lb-ft of torque, with power going to the rear wheels via a five-speed manual gearbox. Notable equipment for this model includes heated seats, the power-retractable soft top, center-console VDO gauges, and a limited-slip differential.Related: Future Classic: BMW Z3 RoadsterThe Offer2001 BMW Z3 RoadsterCars and BidsSpecification DetailMakeBMWModelZ3 M RoadsterYear2001Mileage21,500 milesEngine3.2-liter I6Power315 hp/251 lb-ftTransmission5-speed manualDrive TypeRWDExterior ColorBlack Sapphire MetallicInterior ColorBlack/Imola RedCurrent Bid$22,000LocationSpringfield, MissouriIf you're interested in this BMW Z3 M Roadster, you can view the listing here.My Take2001 BMW Z3 RoadsterCars and BidsView the 2 images of this gallery on the original articleThe BMW Z3 M Roadster is not without its flaws. Some find the looks controversial, while the rear semi-trailing arm suspension is a less sophisticated setup from the E30, which can result in sudden lift-off oversteer. The suspension modifications to this example should help temper some of the car's unruliness. This one will also need a good service and fresh rubber to get it back to a healthy condition, but this can be done relatively easily.AdvertisementAdvertisementThe buyer who takes the plunge will end up with a special car that delivers a raw, unfiltered driving experience by modern standards. The distinctive, raspy wail of the S54 is iconic, as is its ability to rev way beyond what most modern turbo engines can. The engaging manual and intimate, simple interior are further advantages to the Z3 M package. For potentially the same or less money as a well-specced Miata, this BMW is a top choice for the enthusiast who isn't afraid to keep up with its maintenance needs.Related: BMW's Last Roadster Was Made Last Month: Looking Back On 30 Years Of ZThis story was originally published by Autoblog on Aug 31, 2026, where it first appeared in the Car Buying section. Add Autoblog as a Preferred Source by clicking here.
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