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Lexus just unveiled its first-ever luxury yacht, a sleek watercraft that'll cost about $3.6 million. Here's a closer look.

Lexus

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

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

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

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SEE ALSO: 11 of the most expensive yachts in the world

DON'T MISS: I spent 3 years writing about yachts, and owning one takes even more money than you think

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