Though BMW never made a proper E36 M3 Wagon, this example currently up for auction is as close as one could get! It's true.
It still looked like an E36 upfront, and you'll likely expect ... Aside from that, BMW changed the front headlights of the car to make it stand out from the rest of the line BMW 3 Series (E46 ...
is one of the rarest versions of the BMW M3 ever created ... steel (a characteristic shared with US-spec E36 M3 Lightweights), chassis bracing front and rear, and, very noticeably, a new rear ...