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.

The second-gen E36 BMW M3 models followed in 1995 with the first ... the goods via a 3.2-liter inline-six making 333 hp. Of ...

Two-Door Convertible Models 318 (i & is), 325 (e, es, i, is & ix), M3 Engines One even gets a six-cylinder from an E36.