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This is Molt Taylor's famous Aerocar flying automobile.  He designed and built the prototype in 1949.  In the early '50s Molt Taylor's company built four Aerocars and gained certification for them as normal category aircraft.  This one was the forth and last production Aerocar to be made and was sold to the TV actor Bob Cummings in 1960.  It is presently owned and flown by Ed and Sandra Sweeney of Black Forest, Colorado.  The remaining four Aerocars are in museums.  I remember seeing newsreels of this plane as a kid.  I never thought I would actually see one fly in person but thanks to Ed and Sandra Sweeney, I did.