LOS ANGELES -

What started as a weekend project for a father and son has turned into a record-breaking amphibious car.

Dave March and his son are starting to take pre-orders for their "WaterCar" called the "Panther." It can seamlessly transition from land to sea, reaching speeds of 80 mph on land and 45 mph in the water.

[RELATED:Company web site for the Panther]

March tells CBS2 Los Angeles the Panther costs between $100,000 and $200,000. He has already pre-sold "dozens" of WaterCars to businessmen in Silicon Valley. March has even received orders from princes in Dubai.

"People are willing to wait a year, which is phenomenal," March told CBS2.