If the 1965 Ford Mustang is an automotive superstar, then the Shelby GT350 is a legend. Using Ford’s already incredible “K-Code” Mustang fastback as a basis, Carroll Shelby made the “it” car of the ’60s even hotter by making his version of the Mustang faster, lighter, and even more fun to drive. Five hundred sixty-two examples were built in the first year of production, and these are considered to be the most pure and desirable GT350s built in the model’s history.

According to the SAAC Shelby Registry, chassis number SFM 5S342 completed its conversion to GT350 specifications on June 2, 1965, and was shipped two months later to Herb Tousley Ford, Inc. of White Bear Lake, Minnesota. The car was purchased new by Jon Daniels of the nearby town of Chaska; he kept the car until 1979, selling to John Robert Cardarelle of Edina, Minnesota. It is believed that Cardarelle owned the car until at least 2005, when it was purchased by Mark Boen and subsequently fully restored. Following the restoration, it was sold to David J. Mohlman of Carmel, California, who in turn sold it to its current caretaker.

In the ownership of its current custodian, this GT350 was upgraded for use on vintage rallies. Drivability and comfort were addressed, and a new 289¬¬¬–cubic inch V-8 was fitted and dyno-tested to 313 horsepower at the rear wheels. The engine was mated to a five-speed manual transmission, and the rear-axle ratio was changed to 3.0:1. Power steering and power brakes were also added, while the front suspension was fitted with roller bearings, and an aluminum radiator with an electric fan was installed to help keep the engine cool. Finally, air conditioning was added, considered a must-have by many for any long-distance rally. All the work was carried out by the owner’s own mechanics in-house. Furthermore, all modifications are easily reversible should the new owner decide to return the car to its original format. The original parts removed to upgrade the car, including its original engine, are also included in the sale.

With numerous upgrades to address overall driver comfort and drivability, this would surely be a wonderful touring car for the enthusiast looking to enjoy Shelby’s most iconic Mustang on vintage rallies, such as the Copperstate 1000, or just a long Sunday drive.