Panoz has revisited an old member of the family by polishing a one-of-a-kind Esperante GTR-1 built in 1997.

Polished would actually be an understatement as this was a full-on restoration of a very special street-legal car that was created specifically to allow the Esperante GTR-1 racecar take part in the 1997 edition of the grueling 24 Hours of Le Mans endurance race. The car was restored over a course of six months and it’s the only remaining Le Mans Homologation Special version in the world, so it’s safe to say the value of this machine is quite high.

Its heart and soul is a Ford-based V8 6.0-liter engine delivering an estimated 600+ bhp (447 kW) and 500 lb-ft (677 Nm) of torque channeled to the 18-inch OZ Racing center-lock wheels shod in 285/40 R18 tires through a 6-speed ZF transaxle transmission all wrapped in a body weighing just 898 kg (1,980 lbs). Stopping power is provided by Brembo front and rear discs with eight- and four-piston calipers, respectively.

The car will be on display between November 10 and 14 at the Dubai International Motor Show where it will be exhibited alongside a 25th Anniversary Edition Panoz Esperante Spyder GT.

Panoz says that while the Esperante GTR-1 Le Mans Homologation Special is not for sale, those who are interested can order a “near-exact carbon fiber replica” using the original body and tub molds. Another way to go is to create a modified version using alternate composites and lightweight materials. Pricing kicks off at $890,000 and depends greatly on the client’s customization requirements.