Lexus is known for its high-end cars. But now, the luxury automaker is taking its first foray into the business of yachts.

The company held the world premiere of its flagship Luxury Yacht, the 65-foot Lexus LY 650, on Thursday in Boca Raton, Florida. The sleek new watercraft is based on a concept first shown in January 2017, according to the company’s press release.

While renderings of the yacht’s design were made available last year, this is the first time a finished model has been made public. It’s set to appear at the Fort Lauderdale International Boat Show, which kicks off October 30 (the same day sales launch for the LY 650).

A spokesperson for Lexus tells Business Insider that the estimated price of the LY 650 will start at around $3.6 million.

Based on its Sport Yacht Concept revealed in 2017 and announced for production last year, the 65-foot yacht was developed with and built by Marquis Yachts LLC, which also adopted Toyota’s latest manufacturing and quality assurance methods.

The LY 650’s styling was cooperatively penned with Nuvolari Lenard, which designs luxury yachts. Lexus and its partners designed the LY 650 with a high-tech hull that’s a combination of lightweight but rigid CFRP (carbon fiber-reinforced plastic) and GFRP (glass fiber-reinforced plastic), to reduce weight without sacrificing structural integrity. The LY 650 is powered by dual Volvo Penta IPS1350 marine engines making 1,000 horsepower each, or buyers can choose 800 or 900 hp engines instead.

The ship’s master can even operate the LY 650 with a new LY-Link smartphone wireless connectivity system that controls the boat’s functions and uses real-time information to assist navigation. Keeping seafarers entertained is an integrated Mark Levinson Surround Sound audio and entertainment system designed specifically for the LY 650 to offer “concert hall-like” acoustics in the main deck’s salon.

There are three decks: topside with secondary controls, salon on the main deck, and three cabins below that sleep six.

“The LY 650 symbolizes the challenge taken by Lexus, which aspires to be a true luxury lifestyle brand, to venture beyond the automobile. A collaborative team between Toyota and Marquis Yachts introduced the Toyota Production System to the boat manufacturing facility to improve productivity and quality,” President Akio Toyoda said in a statement. “This allowed the Lexus “CRAFTED” philosophy of anticipatory hospitality and meticulous attention to detail to become a reality in the form of a luxury yacht. I am truly looking forward to seeing the advanced, high quality LY 650 display its beauty on the oceans across the globe. As a mobility company, we are pursuing new possibilities for mobility even on the sea.”

Lexus is not the only luxury automaker to hear the call of the sea: Porsche created a yacht, and there’s a Bugatti Chiron sister ship along with the Mercedes Silver Arrow. Even Henrik Fisker has dabbled with yacht design. And Aston Martin goes beyond and below with a luxury submarine. 

The LY 650 will be on display Oct. 30 through Nov. 3 at the Fort Lauderdale International Boat Show in Florida.

Keep reading for a closer look at the sleek Lexus LY 650.

Lexus’ first luxury yacht was designed in collaboration with Italian yacht design studio Nuvolari Lenard.

The 65-foot yacht has metallic accents and sleek, sporty lines. It was shown in its optional two-tone color scheme for its debut.

The interior has the brand’s distinctive leather seating in white for the two captain seats and the sofas.

The LY 650 has three staterooms and can sleep a total of six people.

The yacht’s hull, developed with Wisconsin-based Marquis Yachts, combines carbon fiber-reinforced plastic and glass fiber-reinforced plastic to keep it lightweight and fast — it promises up to 31.4 knots.

The yacht’s design has clearly evolved somewhat since earlier renderings of its initial concept.

In addition to the optional two-tone color scheme, there are other available upgrades, including a custom Mark Levinson Surround Sound System to create “an immersive concert hall-like acoustic space in the salon.”

The LY 650 has advanced tech that allows owners to remotely turn on and off the yacht’s air conditioning and lights via smartphone.

Sales are set to launch on October 30. A Lexus spokesperson tells Business Insider that “given the amount of possible configurations and engine options, LY 650’s pricing is estimated to be around $3.6 million+.”

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