The lucky owner will need both a driving licence and a pilot's licence.But with the keys in hand, the owner will be able to drive to an airfield for the short take-off and, after landing elsewhere, drive to the destination in a door-to-door experience.
The firm has designed the car so at the flick of a button the blades fold down and gather like a bat's wings on the top.
And it has incorporated a 2005 breakthrough, when Dutch company Carver invented a tilting system for three-wheelers, to counter Pal-V's high centre of gravity and make it roadworthy.
The Pal-V uses normal unleaded petrol for its two 100-horsepower engines.
The 27-gallon gas tank provides a flying range of between 248 an 310 miles (400 to 500 kilometres) at an altitude of up to 11,500 feet (3,500 metres). On both air and land, the vehicle has a top speed of around 105 mph (170 km/h) and goes from 0 to 60 mph (0 to 95 km/h) in under eight seconds.
Sony SRS-XB40 has a built-in multi-coloured line light, speaker lights and a flashing strobe.