For those who have everything: Transition

To operate Terrafugia's flying automobile, you will need a driving license and a sport-pilot license.

The promise of flying automobiles may finally take wing now that the Transition has been approved by federal regulators as a street-legal vehicle. Terrafugia, the Massachusetts manufacturer of this flight-tested “roadable aircraft,” anticipates delivering its first production vehicle late next year, but is already taking deposits from eager buyers. Valid driving and sport-pilot licenses are required to operate the craft, which has wings that fold for road use and is sized to fit into a typical parking space or garage.

$250,000, terrafugia.com

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